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Mercedes has dominated Vietnam’s luxury car market for the last four years as Lexus, Volvo and other trailing brands tussle behind. Auto registration data showed that between 2019 and 2022, Mercedes secured and average of around 60% of Vietnam’s total luxury…
Toyota’s Raize and Corolla Cross now account for 40% of the compact CUV segment, with the rest divided between Kia, Mazda, Honda, and Hyundai. In the last two years the competition in the urban compact CUV segment has been hot, persuading car companies to…
Thanh Cong Group (TC Group) on April 11 announced its sales results for March with over 5,770 Hyundai automobiles sold in Vietnam last month, up 5.5% over February. Hyundai Accent continues to be the best-seller model in March with 1,355 units delivered to…
Vietnamese carmaker VinFast said on Thursday it will begin delivering its new electric sport utility vehicles (SUVs) to local customers this week and targets overseas deliveries in the coming months. VinFast, which began operations in 2019, is gearing up to…
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…
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…
Tata Motors-owned luxury car brand Jaguar Land Rover has appointed a new Managing Director for its India business. The company’s current President and Managing Director Rohit Suri will take retirement from his position by the end of the current financial…
Automaker Thaco Group plans to increase its sales 7.7% from last year to 120,000 units this year, with earnings of more than VND90 trillion ($3.80 billion), despite concerns about market challenges. The plan calls for the sales of 96,000 passenger cars,…
Tesla said quarterly deliveries fell short of market estimates on Monday, held back by ongoing logistical issues and growing demand concerns that rounded off a tumultuous 2022 for the Elon Musk-led firm. The company is still the world’s most valuable…
Thanh Cong, distributor of South Korea’s Hyundai automobiles in Vietnam, recorded a revenue of VND118 trillion ($5 billion) last year, an increase of 15.6% over 2021. The Thanh Cong Group sold more than 81,500 Hyundai automobiles of all kinds during the year,…
Tesla has come under fire from German union IG Metall and politicians over allegations by workers of unreasonable working hours and fears over speaking out at its Brandenburg plant, with some calling for inquiries into the carmaker. At its annual news…
A price war in electric vehicles started by market leader Tesla Inc has made it much more difficult for money-losing U.S. startups like Rivian Automotive Inc and Lucid Group Inc to grab share in an industry competing for shrinking consumer wallets. Tesla’s…
Vietnam’s leading taxi firm Vinasun posted VND185 billion (US$7.89 million) after-tax profit last year, which is 6.8 times higher than targeted. The taxi operator recorded profits in all four quarters of 2022 after suffering losses in 2020 and 2021 due to the…
Indonesia surpassed Thailand as Vietnam’s largest car exporter in 2022, with 72,671 cars exported. According to statistics released by Vietnam Customs, Vietnam imported 173,467 cars in 2022, an 8.5% increase from 2021. Indonesia, Thailand and China were the…
Audi saw a significant growth in the sale of EVs in the year 2022 globally, as the German manufacturer registered a sales figure of over 1 lakh EVs in the year. To be precise, the Volkswagen Group-owned brand delivered 1,18,196 electric vehicles globally in…
Indonesia’s government plans to offer a subsidy of more than $5,000 on every sale of an electric car, a minister said on Wednesday. It will also offer incentives to encourage purchases of electric motorbikes as well as hybrid cars, Industry Minister Agus…
