7 October 2008

More buyers opting for used cars, dealers say
"The auto sector outlook is likely to become even more challenging as we head into 2009," Oh wrote, a concern highlighted by as early as June by the Malaysian Automotive Association (MAA), that sales would start to quickly soften in the second half of the year. Figures compiled by MAA show that auto sales in August had slumped 12.5 per cent from a month earlier, with sales volume shrinking to 47,227 units from 53,984 units in the previous month. [Business Times]
http://www.btimes.com.my/Current_News/BTIMES/Tuesday/Nation/odua.xml/Article/


8 October 2008

Proton To Launch CNG-powered Persona In Thailand on Tuesday
Phranakorn Auto Sales, the distributor for Proton cars in Thailand, will launch the new CNG-powered Proton Persona here Tuesday. It will be the fourth Proton model entering the kingdom since Proton made its debut here at the end of last year with the Savvy, Gen-2 and Satria Neo models. [Bernama]
http://www.bernama.com/bernama/v5/news_lite.php?id=362805


9 October 2008

Volvo to cut more than 3,000 jobs
Beleaguered Swedish car maker Volvo said yesterday it planned to cut more than 3,000 jobs in Sweden and abroad in addition to the 2,000 cuts announced earlier. [Business Times]
http://www.btimes.com.my/Current_News/BTIMES/Thursday/BizBriefs/volcar.xml/Article/