March 30th, 2006 at 03:18pmcoolminiCategory : Auto News
Geely Automobile Holdings Ltd will be assembled CK1 at Oriental Holdings Bhd.’s plant, Malaysia - the largest dealer of Honda Motor Corp vehicles. The companies plan to produce 10,000 CK1 cars a year from the Malaysian assembly.
They will export 80% of the cars made in Malaysia and 20% will be sold in this domestic market. Information Gateway, which is the sole distributor of Geely cars in Malaysia, has been appointed to export Geely cars from Malaysia to 40 right-hand drive countries worldwide, including the U.K. and Australia.
How well does this 1.3 litre CK1 model be receipt by our local market? Will have to wait and see…
More from Business Time
March 28th, 2006 at 01:40pmtigerCategory : Auto News
NST News: Let the price war begin! Car importers have begun to slash car prices, within a week of the National Automotive Policy being announced by the Government.
Consumers are expected to benefit from the move which has seen some high-end car importers bringing prices down between RM20,000 and RM40,000.
Proton Holdings Bhd would slash its prices by MYR1,000-MYR3,000 - or between 2.5%-7%.
Perusahaan Otomobil Kedua Sdn Bhd said the four per cent cut applied to all its passenger cars except Kancil Ex 660 and 850 manual.Prices of the two models were reduced by RM300, Perodua said in a statement.
Prices for our Rusa van and Kembara sports utility vehicle will remain unchanged, despite increased duties now applicable.
UMW Toyota Motor Sdn Bhd had reducing the prices of all Toyota cars it distributes between 5.6 per cent and 11 per cent depending on the models.
5.6 % cheaper for Toyota Vios 7%, for Toyota Altis.
However,the Toyota Innova and Avanza multi-purpose vehicles (MPVs) would be more expensive, in line with the expected price increase for such vehicles under the new duty structure.Hilux and Hiace would remain unchanged.
The Finance Ministry had been authorised to monitor the reduction in car prices as the Government was not satisfied with it.So Do We!!
March 27th, 2006 at 01:12amtigerCategory : Commercial AD
Hispanic father is driving his young son in their new hybrid Toyota Camry. When the father explains how the hybrid car switches between gas and electric power, the son compares it to the way his father can switch between English and Spanish. This commercial aired during the 2006 Super Bowl.
March 25th, 2006 at 12:36pmcoolminiCategory : Auto News
MKN Motorsport Sdn Bhd hopes to import hybrid car into Malaysia soon. The CEO Azniputra Syed Abdullah say that they are looking forward to apply AP (approved permits) from Matrade as early as next week.
He said the possibly hybrid cars they intended to bring in will be Toyota Harrier and Toyota Alphard hybrid among all.
To all the readers, if you are still unfamillar with hybrids, it is a car with dual engine - one battery-powered and another powered by petrol or diesel. Thus, it is much fuel efficient and say to be more environmental friendly. It has been quite popular in US and Thailand has already a hit with it.
Being a hybrid car fans, I would hope that this car can bring in to Malaysia soon. It might not be so affordable at the moment, however it is still a start for us to familiarize with it.
Proton Holdings Bhd will be reducing its car prices across the board by at least 2% to 5% by next week, said its managing director Syed Zainal Abidin Syed Mohamed Tahir.
Speaking to reporters at Invest Malaysia 2006 in KL on March 24, he said the national automotive policy was very clear in its targets and Proton was responding to it.
Syed Zainal said it was imperative that Proton had the right mix of products and improved customer service to enhance its market share.
To a question, he said Proton was prepared not to be protected by the government over the long run. “We cannot be a national car forever,” he said.
March 24th, 2006 at 11:33amtigerCategory : Auto News
News From BizTimes : Malaysian Automotive Association (MAA) president Datuk Aishah Ahmad said industry players, including Proton Holdings Bhd, would soon pass on the savings from lower excise and import duties to consumers.
“Whatever gains we reap from the new tax structure will be passed on to the consumers.
“Industry players are willing to lower their prices,” Aishah toldBusiness Times yesterday.
“Whatever gains we reap from the new tax structure will be passed on to the consumers.
“Industry players are willing to lower their prices,” Aishah toldBusiness Times yesterday.
She added that basically, passenger cars produced in the region will almost immediately see a price cut.
Consumers may have to wait a little while for the new prices to come into effect, Aishah said, as players need to properly compute the possible changes from the new duty structure.
Does this mean The time we can afford cheaper imported car has arrived? I wonder after this NAP will proton or perodua car sales going to drop? But for sure both car manufacturers price going to come down else how they going to compete with other car manufacturers?
The Approved Permit (AP) system will be phased out by Dec 31, 2010, the Prime Minister’s Department has said.
The move was taken under the much awaited National Automotive Policy (NAP), which was announced, here Wednesday.
The AP system, which provides the license for local companies to import cars for distribution in the country, became a hot topic among Malaysians following allegations that the APs were being awarded to certain favoured crony companies and individuals.
The Malaysian government reduced taxes on most imported vehicles under a new auto policy announced Wednesday, saying the increased competition will make the domestic car industry resilient and viable.
Excise duty for completely built-up passenger cars from Asean countries will be 75% to 125% depending on engine capacity, the statement said, versus 80% to 200% previously.
Under NAP also cover a host of other measures including a ban on import of second hand cars by 2010, and a reduction in import duties on cars made in the Association of Southeast Asian Nations (ASEAN) member countries to 5 percent.
The National Automotive Policy announced by the prime minister’s office said the excise duty structure has been streamlined, “resulting in an overall reduction in the effective tax rate on most motor vehicles” imported and produced in the country.
Geely Automobile Holdings Ltd will be assembled CK1 at Oriental Holdings Bhd.’s plant, Malaysia - the largest dealer of Honda Motor Corp vehicles. The companies plan to produce 10,000 CK1 cars a year from the Malaysian assembly.
NST News: Let the price war begin! Car importers have begun to slash car prices, within a week of the National Automotive Policy being announced by the Government.
MKN Motorsport Sdn Bhd hopes to import hybrid car into Malaysia soon. The CEO Azniputra Syed Abdullah say that they are looking forward to apply AP (approved permits) from Matrade as early as next week.
News From TheEdge Daily: