Urban Mobility
MANILA — Ayala Corp. is prepared to invest up to $100 million to kick-start its effort to make the Philippines a Southeast Asian hub for the manufacture of self-driving cars. That amount represents its 50% initial share in a joint venture planned with a foreign carmaker. The Philippine conglomerate is in talks with “more than three” companies, said Ayala unit
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Premium car makers in Indonesia positive on growth with new models launch and growing upper-middle income class despite market remained flat this year-to-date with slight growth in Q2 driven by Low-Cost-Green-Cars; The latest luxury models, such as those from Germany’s Mercedes-Benz and BMW, as well as English-made Jaguar, stole the spotlight during the ongoing Gaikindo Indonesia International Auto Show (GIIAS)
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JAKARTA – National automotive sales have recovered in the second quarter of this year dominated by low-cost green cars (LCGC). The automotive industry sold 264,000 cars from April to June 2016, 9 per cent more than in the same period of last year according to the Association of Indonesian Automotive Industries (Gaikindo). Indonesian market leader Astra International sold 146,000 cars
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