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City Auto Corp, Vietnam’s largest Ford dealer, reported profits of VND51.8 billion (US$2.27 million) last year, a 36-fold rise from 2020. But it sold only 4,580 vehicles, 29 percent fewer than in 2020, and the increased profitability was due to the average…
Haxaco, a major Mercedes-Benz dealer, will focus on developing luxury car rental service this year besides its core business of car retail. In a recent annual meeting, its chairman Do Tien Dung said the firm has almost gained monopoly status in luxury car…
Hang Xanh Motors Service JSC (Haxaco), a major Mercedes-Benz dealer in Vietnam, reported a record loss, more than VND33 billion ($1.4 million) in Q3, due to social distancing orders. Revenue in Q3 was VND700 billion, down 59 percent compared to the same…
Auto dealers reported three- and even four-digit growth in net profits year-on-year in the first half of the year amid a surge in demand. Saigon General Service Corporation (Savico) reported profits of more than VND140 billion, a 487-percent rise, on…
Skoda Auto India has redesigned and rebranded its entire dealership and service network across 53 cities in India. All 63 dealerships and 61 service stations have been designed according to the new corporate identity and design (CICD) theme. The rebranding is…
Toyota Motor Corp. must pay $15.8 million to a California dealer who accused it of retaliating against him because he had developed safety-recall software that was costing the automaker millions of dollars in car repairs. A state court jury in Santa Ana on…
Bookings for the upcoming Hyundai Venue have commenced at the dealership level in India. Several Hyundai dealers, especially in the Delhi & NCR region, are currently accepting unofficial bookings for the new Hyundai Venue subcompact SUV for a token of ₹…
Honda Motorcycle and Scooter India recently inaugurated its 1,000th dealership in India at Zirakpur in Punjab. The 1,000th Honda Exclusive Authorised Dealer is a 4S facility. With an aggressive expansion plan, Honda has added 3,300 touch-points in the last…
The Volvo brand just got a new shot-in-the-arm with Sisma Auto, Volvo Car Malaysia’s newly appointed authorised dealer, officially opening its city centre showroom at Menara Worldwide on Jalan Bukit Bintang. Located in the heart of Kuala Lumpur’s premier…
Japanese car maker Nissan is gearing up to launch “Datsun redi-Go” in the entry level segment and was on course to establish 300 dealerships in the country. “We are gearing up to launch Datsun redi-Go, which will compete in the entry level car segment of the…
David Zwirner, one of the most powerful art dealers in the world, is looking for a place in Hong Kong to open his first Asia gallery. “A couple of years ago, we thought we would just come to the art fair. Now, I’m convinced we need a gallery here,” said the…
iBox, the leading Apple Premium Reseller (APR) in Indonesia, recently opened a new store in Bandung, West Java. The new store, located in Bandung Electronic Centre (BEC), is the third iBox in the city, joining existing branches in Dago and Palace Plaza. In…
