The Thai auto industry may have suffered a terrible year, with domestic sales plummeting by almost 40 percent during the first 10 months, but many believe the worst has passed and that 2015 will be a year of recovery. Lees ook: AirAsia to resume flights from…
It is a buyers’ market out there in the country’s automart. If you are planning to buy the first dream car or upgrade to the next one, then this is perhaps the best time. Most automotive companies are offering a slew of discounts and freebies through dealers…
Vehicle marketplace Carmudi, which has presence in Asia, Africa and Latin America, is expanding in Southeast Asia, specifically the Philippines and Indonesia. The company said the automotive sectors in these countries are thriving. The Association of…
Decathlon, retailer of French sports apparel and equipment, recently signed two new lease agreements with property developer Goodman Group to set up two new warehouses at Goodman Citylink in Hebei Province, China. The new leases have a combined space 57,200…
Indonesia’s rubber businesses are eyeing a boost in sales and exports next year as the global automotive industry, one of the sectors that the rubber industry relies on, has begun recovering after being hit hard by the global economic downturn. Lees ook: New…
French car giant Peugeot has agreed a new joint venture to manufacture light commercial vehicles and cars in China. Peugeot has signed an initial agreement with domestic carmaker China Changan Automotive Group. If it goes ahead, the deal will give Peugeot a…
China’s Global market research company Synovate announced the appointment of Klaus Paur as Managing Director for Synovate Automotive Vertical for its automotive research unit in Korea and Greater China, which includes the markets of China, Hong Kong, and…
The automotive industry is on a roll, particularly in Thailand, which recorded a 47-month high domestic automobile sales last November. With the economic recovery and increasing purchasing power of consumers, the automobile market have been registering high…
Myanmar’s automotive market is likely to grow at a compound annual growth rate (CAGR) of 7.8 percent from 2013 to 2019, driven by a growing economy, infrastructure development and increasing income, new analysis from Frost & Sullivan showed. Currently…
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