EVs, mobility brands and how Asian drivers shop for their next car.
Only 30-40% of Vietnamese car buyers resort to bank loans compared to some 80% in developed countries. The rates vary by geographical region, with automobile firms saying more customers in the south borrow than in the north. Vinh Nam, sales manager of Vietnam…
Honda Vietnam has reported its fall in motorcycle and automobile sales at 36.8% and 7.3% respectively in February. That is the second month in a row the company recorded sale falls after seeing a growth of nearly 19% for motorcycles and 62% for the automobile…
Harley-Davidson has officially taken the wraps off its highly awaited 353 cc motorcycle for the Chinese market, the X350. The bike has been developed in collaboration with Chinese two-wheeler manufacturer QJMotor. The body style of the X350 closely resembles…
The Government has asked the finance and industry ministries to consider reducing car registration fee and extend the payment schedule for special consumption taxes on domestically assembled vehicles. The ministries will submit a report on the two newly…
Mercedes Vietnam announced it would recall 492 ML and GLE cars sold in Vietnam beginning March 15 to fix inconsistent design features and repair errors in the spare wheel compartment. The affected SUVs were manufactured and imported between February 2012 and…
The official Twitter account of Honda Motorcycles and Scooter India was hacked over the weekend. The company today put out a statement on social media asking people to stop any interactions with its Twitter handle until further notice and disregard any posts…
Oil giant Saudi Aramco has agreed to take a minority stake in a new powertrain engine company that French car maker Renault SA and China’s Geely Automobile Holdings Ltd plan to set up jointly, they said on Thursday. Reuters reported in January that Aramco has…
Tesla said it recalls 3,470 2022 through 2023 Model Y vehicles in the United States because bolts securing the second-row seatback frames may not have been securely tightened, according to a public filing. The National Highway Traffic Safety Administration…
Tata Motors launched its first Registered Vehicle Scrapping Facility (RVSF) in Jaipur, Rajasthan today. The facility is called Re.Wi.Re which stands for Recycle with Respect and has a capacity of 15,000 vehicles per annum. The company also claims that the…
Skoda cars are expected to be imported from the Czech Republic and sold from May before being assembled there, according to Skoda Vietnam sources. In the C-segment, CUV Karoq, one of the company’s bestselling models, will compete with the Hyundai Tucson, Kia…
Saigon General Service Corporation, the country’s largest auto distributor, expects profits to decline by VND150 billion (US$6.33 million) in 2023 amid forecasts of a turbulent year. In its annual report released recently, Savico said the auto market faces…
Nissan (China) Investment Co., Ltd. (NCIC) today announced the establishment of Nissan Mobility Service Co., Ltd., a dedicated mobility service company, as part of its efforts to continue transforming its business in China. The announcement was made at the…
China’s Xiaomi said on Thursday it had imposed a 1 million yuan ($149,000) penalty on a supplier after it leaked early design drafts of an upcoming car model. On its official Weibo page, a spokesperson wrote Xiaomi had “dealt seriously” with a Beijing-based…
Tesla Inc will suspend some production until the end of February as the electric-vehicle maker upgrades the facility to make a refreshed version of the Model 3 compact sedan, Bloomberg News reported on Wednesday. Tesla is developing a revamped version,…
Luxury carmaker Jaguar Land Rover said on Tuesday it is opening three new engineering hubs in Europe to develop autonomous vehicle technologies as part of its partnership with Silicon Valley artificial intelligence company Nvidia. The hubs in Munich, Bologna…
After first unsuccessfully entering the Vietnamese market a dozen years ago, Chinese automaker Haima plans to begin selling cars here again later this year. Tran Viet Son, sales director at Carvivu, Haima’s new distributor in Vietnam, said the company will…
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