Volkswagen has reached an agreement to sell its diesel engine unit, Everllence, to Bain Capital for approximately €7.4 billion (R139.30 billion). This deal surpassed offers from other private equity firms, including one that collaborated with Volkswagen's major shareholders, according to TimesLIVE.

Chery has announced a multi-million dollar investment in the former Nissan facility in Rosslyn, which is expected to lead to the first cars rolling off the assembly line in 2027. This move indicates Chery's commitment to establishing a long-term presence in the automotive market.

According to SABC Business, Chery, a Chinese motor manufacturer, has taken over the Rosslyn plant previously operated by Nissan. This move has been described by Mashatile as a vote of confidence in South Africa's automotive industry.

Deputy President Mashatile officially handed over a factory, originally built by Nissan in 1966, to Chery Group SA. The event highlights the transition of ownership and the potential for future developments in the automotive sector in South Africa.

Volkswagen is considering selling Ducati, the motorcycle manufacturer owned by its Audi division, according to a Bloomberg News report on Tuesday cited by TimesLIVE. The report was based on an interview with Audi chief executive Gernot Dollner. No decision, price, potential buyers, or timeline were disclosed in the feed blurb, and the companies were not described as confirming any transaction.

Chery has inaugurated its manufacturing plant in Pretoria, marking its transition from an importer to a local manufacturer. This development is expected to lead to significant job creation and investment in South Africa's automotive sector, according to IOL.