Archive for November, 2005
November 30th, 2005 at 11:13am
tiger
Category : Auto News, Malaysia
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National car maker Proton’s pre-tax losses for the second quarter of this year widened further to RM158 million from a loss of RM4.3 million in the first quarter due to provisions made to loss making motorcycle maker MV Augusta of Italy which it owns.
Of the RM160 million, RM41 million was due to about 3,000 engines in its inventory whose warranty had lapsed, and RM36mil for a mismatch of warranties between international customers and domestic component suppliers and RM13 million was miscellaneous.
Proton share price continued to drop from yesterday. Proton Score RM7.00 drop Rm0.40 this morning.
“We are thinking whether we should continue investing in MV Augusta,” Mohammed Azlan (proton New MD) said, adding that motorbikes were something new to Proton.
Meanwhile the talk with VW still in the progress. And i think this is a long way to go…
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November 30th, 2005 at 10:58am
tiger
Category : Auto News, Malaysia
PROTON Holdings Bhd yesterday named Syed Zainal Abidin Syed Mohd Tahir as its managing director and chief executive officer.
The 43-year-old, currently executive director of Perusahaan Otomobil Kedua Sdn Bhd (Perodua) unit Perodua Auto Corp Sdn Bhd, will be responsible for strengthening Proton to face increased competition from carmakers locally and abroad.
At the same time Zainal First day appointment gived shock to proton investor, by the announcement that it had made a net loss of RM154.33 million in the second quarter ended September 2005. Proton made a net profit of RM198.92 million in the corresponding period of last year.
Not a good sign for proton future… And Is a tough job for new proton boss Zainal to save proton out of the fire…
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November 29th, 2005 at 10:11pm
pep boyz
Category : Auto News, International
After the ASMA Design CLS Shark I, ASMA Company has designed the CLS Shark II. The new front of the CLS Shark II provides for sportiness and individuality. With this new aerodynamic package the Asma CLS Shark II achieves a high level of sportiness. Because with an extended grill and the aggressive body kit, the CLS Shark II is a real eye catcher.
The grille very fierce…
Photo source from worldcarfans.com.
The CLS Shark II. This one quite normal…
Photo source from worldcarfans.com.
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November 29th, 2005 at 04:42pm
frances
Category : Auto News, Drive and Rides, Malaysia, Oddly Enough
Been heard quite a few times that snake has entered someone’s cars. I was kinda shocked and puzzled of how did it happen? I mean, a snake wasn’t some creature where you can find everywhere. How does it came to encountered with cars and how are we suppose to do if we saw one entered our car?
Now I know how. Call the fireman for help! A brief news from NST today stated while one motorist was having his breakfast at a restaurant in Brickfield, a cobra has slithered out from the drain and entered his car. Frantically, he alerted the KL City Hall and fireman. They caught the cobra after 2 hours and their weapon is aerosol spray.
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November 28th, 2005 at 09:40pm
tiger
Category : Auto News, Malaysia
PROTON Holdings Bhd may post a staggering pre-tax loss of some RM700 million for the second quarter, caused mainly by red ink at its overseas subsidiary MV Agusta, the Italian motorcycle manufacturer, an industry source said.
Two months ago that the national carmaker had surprised investors with a first-quarter net loss of RM12.4 million.
Undertaking MV Agusta’s outstanding debts with banks and suppliers turned out to be a very expensive venture, and now Proton is paying a high price for its foray overseas. It is believed that the deal to buy a controlling 58 per cent stake in MV Agusta Motor SpA last October set Proton back by e70 million, or some RM350 million, by underwriting the company’s loan from Citibank. The new financing saved MV Agusta, allowing a court in Italy to drop temporary receivership proceedings against the Italian motorcycle maker.
Now is the hard time To make some hard decisions for proton on whether to cut its losses and sell off the ill-fated MV Agusta.
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November 27th, 2005 at 04:02pm
pep boyz
Category : Auto News, Malaysia
Join Toyota on air for the EPL Season as they brings you a fantastic football fiesta.The Toyota Football Fever Radio Show on Red 104.9fm with Soccergurus Manvir and Sheldon to keep you in touch with all the action on and off-pitch.
Go to toyota.com.my and testing your football knowledge in the online quiz. In this online game, you could win the exclusive Toyota merchandise. You also can vote for your Innova Manager of the Month and your Altis Man of the Week and stand a chance to win one year’s subscription to EPL magazine via SMS or Email.
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November 26th, 2005 at 02:47pm
tiger
Category : Auto News, Malaysia
News From Thestar:
CARTRADE Sdn Bhd will no longer be an importer and dealer for BMW Malaysia Sdn Bhd from January.The partnership would expire by the end of next month and would not be renewed.
Meanwhile “BMW group and its joint venture partner Sime Darby group are in discussions to set up a new importer structure for completely-built-up vehicles,”
An investigations by Malaysian Customs authorities into import practices of Cartrade were supported by BMW.
“As investigations are still pending, BMW is not in a position to further comment in this respect,” it said.
Anyone knows what is the investigation about?
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November 26th, 2005 at 02:45pm
tiger
Category : Auto News, Malaysia
DOHA (Qatar), Nov 25 (Bernama) — More than 500 invited guests and curious onlookers witnessed the dazzling launch of Proton’s flagship Gen 2 at the upmarket Hyatt Plaza mall in Doha on Wednesday night.
The first fully homegrown marque was launched by Malaysia’s ambassador to Qatar Ku Jaafar Ku Shaari together with Jassim Hussain Abu Abbas Al-Jabir, the chairman of Doha Motors, the sole distributor of Proton cars in Qatar.
The Proton distributor is offering 1,600cc Gen2 Model only for Doha Motors.
The basic GL version priced between QR44,000 (US$12,505-manual) and QR46,000 (US$12,603-auto) comes with two airbags and a host of other normally optional features as standard.
The more luxurious GLX version, priced between QR48,000 (US$13,151-manual) and QR50,000 (US$13,700-auto) comes with leather seats and four airbags.
OK this is enough!! How Come Malaysia version of GEN2 Model is Not equip with AIRBAG Features. If you convert back the selling price to RM, $US13,151 is =RM49,316. The Same Gen2 1600cc manual selling in malaysia is around RM55,074.50. ( Click here to view the proton-edar car price list). AND NO AIRBAG NO LEATHER SEAT.
Malaysia car consumer is certainly the biggest sacrifice… Dont You think so?
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November 25th, 2005 at 08:59pm
tiger
Category : Oddly Enough
OK, I know it’s paper made… But it actually work and fully functional…This V8 Engine made entirely out of paper with the exception of a few parts (motor, wires, etc.). The Engine Part including crankshaft, 8 piston , 8 rod , gearbox… all made by paper…
THE V8 Engine Is Power by 2×1.5V “D†Batteries. Horse Power ah… Just 3.4 rpm. Weight is : Approx. 2.98kg.It sell with the Price of D.I.Y. kit: 100 CAD.
You think you can find this Kit in ebay or not?
To see how this this work click here for the video… Quite big ( 4 MB)
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November 25th, 2005 at 11:23am
frances
Category : Auto News, Malaysia
Careful for those of you who are thinking to get a second hand car in the future. News from Puspakom said that ‘cut-and-join’ cars, or kereta potong as they are popularly known, are being detected at an average of 200 a month. Puspakom expects to detect 2,400 cut-and-join cars, and more cases in future. Once the car has been detected as kereta potong, the owner will no longer be able to renew his road tax and the car will be taken off the road.
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