Latest news with #ToyotaSAMotors
IOL News
20-06-2025
- Automotive
- IOL News
Toyota SA distances itself from R6. 5 billion lawsuit against KZN government
Toyota SA Motors has clarified that it will not benefit in any way from the subrogated recovery action against these entities Toyota South Africa Motors (TSAM) has distanced itself from a looming legal battle involving its insurer and KwaZulu-Natal government stakeholders. According to reports, TSAM's insurer has filed a R6.5 billion lawsuit in the Durban High Court, stemming from damages suffered at TSAM's Prospecton plant during the 2022 KZN floods. Tasneem Lorgat of Toyota South Africa Motors (TSAM) explained that, while the car manufacturer is aware of the action undertaken by Tokio Marine & Nichido Fire Insurance Co. Ltd against the eThekwini Municipality, the Department of Transport and Transnet SOC Limited, TSAM is neither facilitating nor funding the litigation proceedings. "Accordingly, TSAM will not benefit in any way from the subrogated recovery action against these entities. Upon learning of the impending recovery litigation, TSAM undertook, with the consent of Tokio Marine, to engage with each of the defendants to advise of the impending subrogated recovery action," Lorgat said.
IOL News
20-06-2025
- Automotive
- IOL News
Toyota SA distances itself from R6. 5 billion lawsuit against KZN government
Toyota SA Motors has clarified that it will not benefit in any way from the subrogated recovery action against these entities Toyota South Africa Motors (TSAM) has distanced itself from a looming legal battle involving its insurer and KwaZulu-Natal government stakeholders. According to reports, TSAM's insurer has filed a R6.5 billion lawsuit in the Durban High Court, stemming from damages suffered at TSAM's Prospecton plant during the 2022 KZN floods. Tasneem Lorgat of Toyota South Africa Motors (TSAM) explained that, while the car manufacturer is aware of the action undertaken by Tokio Marine & Nichido Fire Insurance Co. Ltd against the eThekwini Municipality, the Department of Transport and Transnet SOC Limited, TSAM is neither facilitating nor funding the litigation proceedings. "Accordingly, TSAM will not benefit in any way from the subrogated recovery action against these entities. Upon learning of the impending recovery litigation, TSAM undertook, with the consent of Tokio Marine, to engage with each of the defendants to advise of the impending subrogated recovery action," Lorgat said.
TimesLIVE
10-06-2025
- Automotive
- TimesLIVE
Toyota welcomes Comrades winner Gerda Steyn as official ambassador
Toyota SA Motors has announced Gerda Steyn as its new brand ambassador for the next three years. The announcement was made at the 98th Comrades Marathon on Sunday, where Steyn was crowned winner in the women's category. The qualified quantity surveyor is a four-time Comrades marathon champion and one of the most accomplished ultra-marathon athletes in the world, holding records for the Two Oceans (six times) and Comrades Marathon down run and up run. Steyn's running career kick-started at the Comrades Marathon in 2015 where she finished in the 56th position. As part of her ambassadorship Steyn will be paired with the Toyota Fortuner SUV. 'Toyota SA Motors is proud to support athletes who embody determination, resilience and a global sporting spirit. To this effect, Toyota's partnership with Gerda is the beginning of new and exciting adventures,' said Tasneem Lorgat, GM marketing communications at Toyota SA. The company said Steyn's appointment reaffirmed Toyota's commitment to supporting sports as a tool for nation-building and social cohesion — values linked to its historic 21-year support of the Comrades Marathon. Commenting on her appointment, Steyn said: 'To represent Toyota — pioneers and leaders in the motoring industry — is a huge honour. I look forward to this long-term partnership with a name that stands head and shoulders above the rest.'
