EVs, mobility brands and how Asian drivers shop for their next car.
Ford has recalled 1,182 Everest and Explorer SUVs in Vietnam for engine control module software failure and a rearview camera display error. The Everest recall involves 185 vehicles, all produced at Ford’s factory in Thailand between June 28, 2022, and April…
Limited edition 10th-anniversary Vespa 946s are selling at private dealerships for over VND700 million ($28,848) in Vietnam. Aside from the 28 units that franchise dealers imported last week, private dealers have procured several more Vespa 946 10°…
A motorbike dealer has just imported a batch of the latest model of the Honda Dream, an iconic vehicle that was all the craze a few decades ago. Previously the bike used to sell for VND100 million (US$3,970), while the new one is marked at $2,500 in Cambodia,…
Honda Vietnam has revealed that its retail sales of motorcycles and automobiles in October dropped by 7.5% and 15.9% respectively compared to previous month due to market difficulties. In the reviewed period, Honda Vietnam sold 180,881 motorbikes, with 18,452…
Vietnam’s first electric vehicle (EV) maker VinFast plans to build a plant with an investment capital of 18.6 trillion Rp (US$1.2 billion) in Indonesia, according to Presidential Chief of Staff of Indonesia Moeldoko. Moeldoko told a press on Nov. 6 that the…
Pham Van Dung, former CEO of Ford Vietnam, and Nguyen Thien Minh, co-founder of ride-hailing app Be, have taken up jobs at transport services provider Tasco. Dung has become chairman of SVC Holdings, a Tasco subsidiary and Vietnam’s biggest car distributor…
Mercedes distributor Hang Xanh Motors Service Joint Stock Company saw net profits for the third quarter plummet by 87% year-on-year to VND8 billion (US$333,000). It attributed the fall to plunging sales and increasing costs. Administrative costs jumped 54% to…
Mercedes, BMW, Audi, and Volvo have been slashing their prices by hundreds of millions of dong (VND100 million = US$4,200) in October. Audi is offering discounts on its A4, A6, A8L, Q2, Q3, Q5, Q5 Sportback, Q7, A7 Sportback, and Q8 models of up to VND300…
Vietnam’s auto sales in September hit their highest peak since March, totaling 25,375 units, demonstrating a slight increase in demand. But the figure for the period is still a 24% year-on-year drop, according to the Vietnam Automobile Manufacturers…
Vietnamese electric car maker VinFast said on Thursday its third-quarter revenue more than doubled with the largest share of its sales going to an affiliate company owned by its founder. About 60% of VinFast’s deliveries, or more than 6,000 vehicles, went to…
Automaker Thaco Group reported first half profits of VND1.076 trillion (US$45.6 million), or less than a quarter of last year’s figure, amid an auto market slump. Its profit margin of 2.1% was a fifth of the rate in the first half last year, the company said…
Mercedes-Benz has introduced a new feature in Germany that allows customers to initiate digital payments via the MBUX system using fingerprint authentication. The company has tied up with Mastercard to offer the embedded payment service which for now will be…
The third generation of Porsche “Sports Car for Five” features comprehensive upgrades to the powertrain, chassis, design, and equipment, further enhancing driving performance and offering luxurious comfort. With the vision “Further Together”, Porsche Vietnam…
Honda Motor Company has said that it won’t be supplying new cars to its authorized dealers in Russia in 2022 as the company is trying to restructure its operations. The Japanese automaker has confirmed that it would keep its presence in the Russian market…
Automobile distributor Thanh Cong launched two Skoda models with prices from VND1-1.4 billion (US$42,300-59,300) on Saturday. Before the Thanh Cong Viet Hung automobile plant in northern Quang NinhAutomobile distributor Thanh Cong launched two Skoda models…
Ford is recalling more than 3,200 Everest and Explorer SUVs to fix a battery fault, incorrectly installed exhaust filters, and faulty camera control software. In the case of the Everest, 1,256 cars manufactured between Nov. 24, 2021, and Feb. 3, 2023, have a…
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