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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TOKYO (Aug 8): Japan’s Suzuki Motor Corp intend sell back its ordinary shares in Fuji Heavy Industries in a deal worth around 52.7 billion yen (US$514.75 million), the compact car maker said on Monday. Suzuki said it will sell 13.7 million in ordinary shares back to Fuji Heavy, which produces Subaru-branded vehicles, at a price of 3,852 yen per share in
Read moreThe SUV specialist placed joint third overall with M&S Food and Waitrose in the index, which tracks the quality of customer service in the UK. The results are based on a six-monthly online survey of 10,000 consumers dealing with more than 200 different companies across 13 sectors. Land Rover’s position in the list, with a rating of 84.6, puts it
Read moreMaruti Suzuki India Ltd, India’s largest car maker, said that the local car market will reach 5 million units in annual sales by 2020, making the country the fourth-largest market in the world. Maruti’s forecast is in line with the central government’s Auto Mission Plan II that forecasts the passenger vehicle (PV) market to more than triple to 9.4 million
Read moreThe potential foreign partner is expected to be an automaker with a global brand. The sale is being undertaken, says an exclusive report in the Nikkei Asian Review, as part of its restructuring. Proton is losing money. Successful talks would mean the re-entry of foreign capital along with technology know-how for the first time since January 2005, when Mitsubishi Corp
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