Urban Mobility
KUALA LUMPUR: The Edge had previously reported that French car manufacturers Group PSA and Renault SA have been in talks with Proton since the beginning of the year. Other automakers that are said to be in the running are Volkswagen, General Motors, Suzuki Motor Corp, and at least one Chinese automaker which is believed to be Geely. Media reports said DRB-Hicom
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The Philippine Parts Makers Association (PPMA), a group of local automotive parts and components manufacturers, voiced this concern at their recent quarterly meeting. “We are pushing for the CARS (Comprehensive Automotive Resurgence Strategy) assemblers to prioritize the SME local parts makers to supply in the start of volume production,” said PMMA President Ferdinand Raquelsantos. For now, Raquelsantos said all they
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BMW AG beat market expectations with an 11% rise in second-quarter net profit, helped by robust sales of the luxury auto maker’s three car brands, including a jump in demand for Rolls-Royce limousines. The Munich-based manufacturer said on Tuesday that net profit rose to €1.94 billion ($2.2 billion) in the three months to end-June from €1.74 billion a year earlier,
Read moreDRB-Hicom Bhd aims to reduce depending on its automotive and property sectors from 81% of contribution in revenue to 50% in the next five years, according to its managing director Datuk Syed Faisal Albar. Speaking to the media after its extraordinary general meeting (EGM) today, Syed Faisal said that currently, the automotive and property sector contribution in revenue was about
Read moreMalaysia’s Malay Car Importers and Dealers Association (Pekema) has presented a five-point suggestion on the continuation of Open Approved Permit (AP) to the government for its consideration. Its deputy president Datuk Wan Zaid Wan Abdullah said that although the government has helped in the matter indirectly, the fee charged was the main obstacle for the growth of the industry. “Overall
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