Tag Archives: automotive industry

Malaysian Automotive Market sets to Recover in 2017 & Future Opportunities in the Ride-sharing Market

KUALA LUMPUR, Malaysia, Jan. 18, 2017 /PRNewswire/ — Frost & Sullivan forecasts Malaysia’s vehicle sales to reach 586,200 units in 2017 at a growth rate of 1.9 per cent. With the expected stabilization of Crude Oil prices in 2017, Malaysia’s economy is expected to recover from the market slowdown that it witnessed in 2015 and 2016. Mr. Vivek Vaidya, Senior Vice President of Mobility at Frost &

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Automotive Manufacturing to Drive ‘Make in India’ initiative

The Government of India aims to make automobiles manufacturing the main driver of ‘Make in India’ initiative, as it expects the passenger vehicles market to reach 9.4 million units by 2026, as highlighted in the Auto Mission Plan (AMP) 2016-26. Addressing a CII International Automotive Design Conclave 2016 on Friday, Mr Girish Shankar, Secretary, Ministry of Heavy Industries and Public

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Non Profit Org Launches Automotive Job Listing Portal

BEN has launched a new recruitment website designed to give automotive recruiters a niche job board exclusively for the industry. The automotive industry charity aims to promote vacancies of all types – both apprenticeships and mainstream roles – via UKAutomotive.jobs with the aim of attracting more people to join and remain within the automotive sector. The site is also designed

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The Financial Highs & Lows of Automobile Firms in Korea

Korea’s 1,079 automobile companies saw their average operating profit-to-sales ratio stand relatively low at 5 percent. In other words, they gained a profit of 5 won by selling 100 won worth of goods. In addition, one out of the nation’s five auto-related firms has higher than 400-percent debt-to-equity ratio. The Korea 20,000 Corporate Research Institute announced on August 17 that

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Philippine Local Parts Makers Voice Concern over CARS

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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UPS Reports Strong 2Q Results

UPS today announced second-quarter 2016 diluted earnings per share of $1.43, a 6% increase over the same period last year.  International operating profit increased 11% to $613 million, representing the sixth consecutive quarter of double-digit growth. Total revenue was $14.6 billion, up 3.8% over the same quarter last year.  Revenue growth was reduced by changes in fuel surcharges and currency

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EUROPE Plans Tighter Emission Caps

The current set of European Union emissions standards for cars extends to 2021, but regulators are apparently planning a new round of standards to follow. These new standards would impose stricter emissions caps, while taking regulations beyond the 2021 limit for cars, as well as a 2020 limit for vans. This would bring the EU closer to the U.S., which

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GERMAN Watchdog Searches Offices of Car Makers, Auto Suppliers in Steel Price-Fixing Probe

Germany’s antitrust watchdog launched a steel price-fixing investigation into six companies, including car makers Daimler AG, BMW AG and Volkswagen AG and suppliers Robert Bosch GmbH and ZF Friedrichshafen AG. The watchdog suspects Germany’s leading car makers and two of the world’s biggest car-parts suppliers agreed on prices they would pay for steel products used in cars. Daimler, BMW, Volkswagen,

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