SOURCE: African Business Review

African Business Review

May 01, 2012 16:45 ET

Zimbabwean Automotive Company Amtec Motors Leans on 60 Years of Experience for a Positive Future, in African Business Review

SAN DIEGO, CA--(Marketwire - May 1, 2012) - In a report in African Business Review, Managing Director Lucas Taruvingal explains how Amtec Motors overcame the economic downturn and is driving toward a successful future. The company has remained at the top of its industry for nearly 60 years now and does not plan on relinquishing the position any time soon.

With established affiliations with world-renowned brands such as Nissan, Mazda and Hyundai still flourishing in Zimbabwe, it has every right to feel positive about the next stage in the company's story. A prediction that Managing Director, Lucas Taruvingal echoes entirely. "What I have seen is customers trying other showrooms, but they always end up coming back to us, because we have plenty of experience in working on vehicles," he states.

He also highlights the impressive nature in the way Amtec has overcome the recent economic climate and how it has thrived as a result of its sustainability. A recent change in the higher echelons of Amtec has brought about an upturn in fortunes since the aforementioned fiscal issues.

"The company was in a loss-making position but there has been a change of management which has seen me coming in as the new managing director, and there has been a change on the board as well," Mr Taruvingal explains.

Since its inception in 1953, Amtec had never experienced the extent of problems seen over the past few years, but managed to stay solvent by leaning back on the brand names it has linked with during its tenure.

"We were really affected by the inflation, but being part of a bigger group, the impact was minimal. We could lean on the synergies we've got. We also didn't lose our key productive staff and technicians. We retained them during that hard time," Mr. Taruvingal says.

Read the article here: http://www.africanbusinessreview.co.za/

About Amtec Motors

Established in 1953, Amtec Motors is an authorised distributor of Mazda, Nissan and Hino vehicles. Motor vehicles sales, service and repairs done by the authorised professionals

For more information visit: www.amtec.co.zw.

About African Business Review

African Business Review is a leading digital media source of news and content for C-level executives focused on business and industry-specific news throughout Africa. African Business Review is the territory-dedicated arm of the WDM Group. Founded in 2007 by entrepreneur Glen White, WDM Group retains a diversified portfolio of websites, magazines, mobile apps, daily news feeds and weekly e-newsletters that leverage technology to innovatively deliver high-quality content, analytical data, and industry news. For more information, contact 1-760-827-7800 or visit http://www.africanbusinessreview.co.za/.

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