Urban Mobility
Germany’s Daimler has accelerated development of premium electric cars, Chief Executive Dieter Zetsche said, adding he saw the vehicle segment gaining market share. “We are adjusting our planning in this field,” he told analysts on Thursday during a call on second-quarter results. His remarks to analysts come as rivals Tesla and Volkswagen’s luxury brand Audi prepare their own push to
Read moreAutomotive sales in June jumped 36 percent to 32,993 units from 24,185 year-on-year on attractive financing deals and promotional packages, the Chamber of Automotive Manufacturers of the Philippines Inc. and Truck Manufacturers Association said Tuesday. Sales in the first six months of 2016 increased 27 percent to 167,481 units from 131,465 units on year, industry data show. Infrastructure development was
Read moreVietnamese people bought more than 24,400 cars in June, an increase of 31 per cent compared with the same period last year, the Vietnam Automobile Manufacturers’ Association said. Passenger cars were the market leaders with sales of 12,916 units, following by commercial cars with 10,325 units and special-purpose vehicles with 1,180 units. In the first half of this year, nearly
Read moreFord Motor Co’s dealers in Indonesia are demanding around $75 million in compensation after the U.S. carmaker announced in January it would close all operations in Southeast Asia’s biggest economy. Six businesses which oversee 31 Ford dealerships in Indonesia say they have sent a second letter about possible legal action to Ford, Ford International Services and PT Ford Motor Indonesia.
Read more