9 August 2008

Honda Malaysia to meet sales target

Honda Malaysia Sdn Bhd is confident of meeting its sales target of 35,000 units for this year, according to managing director and chief executive officer Atsushi Fujimoto.  [The Star]

http://thestar.com.my/news/story.asp?file=/2008/8/9/business/22041827&sec=business

12 August 2008

Car Vendors Propose Single Excise Duty For Car, MPV & SUV

Two associations representing car vendors have proposed that there should be no difference in the excise duty for vehicles classified as passenger car, multi-purpose vehicle (MPV) and sport utility vehicle (SUV). This will benefit the government by way of higher income as the excise duties for MPVs and SUVs are lower than that for passenger car, according to the Proton Vendors Association (PVA) and Kelab Vendor Perodua (KVP).  [Bernama]
http://www.bernama.com/bernama/v3/news_lite.php?id=351978

Proton urged to get foreign partner

THE Public Accounting Committee (PAC) yesterday repeated Prime Minister Datuk Seri Abdullah Ahmad Badawi's call last week to Proton Holdings Bhd to get itself a strategic foreign partner to continue to compete in the world market. Chairman of PAC, Datuk Seri Azmi Khalid, said that although Proton's performance had improved, the call for a strategic partnership should be considered to help build up the national car producer's capacities.  [Business Times]
http://www.btimes.com.my/Current_News/BTIMES/Tuesday/
Nation/20080811191343/Article/

14 August 2008

General Motors To Invest US$445 Million In Thailand

General Motors, the world's biggest automaker, is investing US$445 million to build an engine plant and upgrade an existing vehicle assembly plant here (Thailand). Its chairman and chief executive officer, Rick Wagoner said the new 14,492 sq m facility would be the company's first diesel plant in South East Asia. It will produce four-cylinder diesel engines for use by Chevrolet in Thailand and other global markets. [Bernama]

http://www.bernama.com/bernama/v3/news_lite.php?id=352458

GM to invest US$445m on Thai diesel plant, upgrade

[Business Times]

http://www.btimes.com.my/Current_News/BTIMES/Thursday/
Corporate/githai.xml/Article/

GM Yet To Approach Us To Re-start Negotiations - Proton

Khazanah Nasional Bhd is the one to approach by any party keen to acquire a stake in Proton Holdings Bhd, the national car company said in a statement issued to Bernama here Wednesday. Responding to a statement made by General Motors Corp (GM), Proton said it has not been approached by GM to re-start negotiations. Earlier talks between Proton and GM ended in a stalemate at the end of last year. [Bernama]

http://www.bernama.com/bernama/v3/news_lite.php?id=352603

UMW to invest in new outlets

UMW Toyota Motor Sdn Bhd has allocated RM200mil for opening new service centres, upgrading existing outlets and setting up new dealer branches this and next year. Managing director Kuah Kock-Heng said the outlets would be located in Ipoh, Puchong, Kajang, Rawang, Bahau, Sabah and Sarawak.  [The Star]

http://biz.thestar.com.my/news/story.asp?file=/2008/8/14/business/1791310&sec=business

15 August 2008

Honda aims to sell 100,000 hybrid cars in N. America

Honda Motor Co Ltd is targeting annual sales of 100,000 units of its all-new hybrid car in North America, which would represent half of its global sales goal, an executive said yesterday.The five-door, five-passenger dedicated hybrid car, Honda's challenge to Toyota Motor Corp's market-leading Prius, will be priced below Honda's current Civic hybrid, said Richard Colliver, executive vice president of Honda America.  [Business Times]

http://www.btimes.com.my/Current_News/BTIMES/Friday/BizBriefs/
20080814233034/Article/

Proton Told To Do Own Evaluation If It Wish To Cooperate With Other Companies, Says PM

National carmaker, Proton Holdings Bhd, should conduct its own evaluation if it wishes to cooperate with other companies and submit to the government for consideration.Prime Minister, Datuk Seri Abdullah Ahmad Badawi, said Proton has the capability to become a successful national carmaker. GM president for South-East Asian operations, Stephen K. Carlisle, was quoted as saying the American company was always open to capitalise on opportunities to further strengthen its presence in the region.  [Bernama]

http://www.bernama.com/bernama/v3/news_lite.php?id=352687