Japanese giant backed by Warren Buffett snaps up iconic 59-year-old South African company

[Shaun Jacobs]

Japanese giant backed by Warren Buffett snaps up iconic 59-year-old South African company

Japanese trading giant Marubeni Corporation, which counts Warren Buffett's Berkshire Hathaway as an investor, has agreed to acquire TiAuto Investments, the owner of Tiger Wheel & Tyre.

 

[Kaapie]

All i read with this announcement is automation and ai incoming.
Heads up tiger wheel and tyre staff.

Saw it when Kansai Co bought Plascon.

 

[Bad Ballie]

All i read with this announcement is automation and ai incoming.
Heads up tiger wheel and tyre staff.

Saw it when Kansai Co bought Plascon.

The export market is still lucrative as long as they can keep the staff count down to the bare minimum.

 

[Dolflemon]

All i read with this announcement is automation and ai incoming.
Heads up tiger wheel and tyre staff.

Saw it when Kansai Co bought Plascon.

They've been on a downward trend for a while. Honestly can't see how people still support such a greedy company.