Daily News Round Up (Toyota, Honda, Greely)
May 31st, 2006 at 11:35am tiger Category : Auto News
Honda Showcases Asimo And Advanced Concept Vehicles At KLIMS 2006
Bernama - Kuala Lumpur,Malaysia
… robot, Asimo (Advanced Step in Innovative Mobility), and its advanced concept vehicles, the Sports 4 Concept and FCX Concept are among Honda Malaysia Sdn Bhd’s …
All-new Volvo C70 makes debut in Malaysia
Business Times - Malaysia - Malaysia
… How Wei Thing, managing director of Volvo Car Malaysia, said, “Volvo wanted to create two cars in one - without compromising, and has succeeded in creating a …
UMW Toyota sets Hiace sales target
Business Times-Malaysia
May 30 2006,… UMW Toyota Motor Sdn Bhd aims to sell 1,300 units of the locally assembled Hiace (van) model in Thailand and expects to rake in RM143 million in export receipt
Govt wants lenders to lower interest rate on local cars
Sun2Surf - Petaling Jaya,Selangor,Malaysia
KUALA LUMPUR: The government will hold talks with local banks and financial institutions to see whether the interest rate for locally manufactured automobiles can be reduced.
Finance Minister II Tan Sri Nor Mohamed Yakcop acknowledged that the hire-purchase interest rate for local cars is comparatively higher than that of foreign manufactured vehicles….
Geely lobbies for higher quota
Malaysia Star - Malaysia
Geely Automobile Holdings Ltd, which is expected to start assembling cars in Malaysia soon, is lobbying for a higher sales quota than is currently allowed by the Malaysian Government.
Executive vice-president Yang Jian said Geely hoped that the authorities would relax current restrictions stipulating that Geely could only sell 20% of the cars it assembled in Malaysia and export the remaining 80%….
Toyota Marks Start of Hiace Export from Malaysia to Thailand
Investor’s Business Daily (subscription) - USA
… In his speech, Okabe said, “The start of Hiace exports to Thailand is a very historical event in Toyota’s operation in Malaysia. …
More foreign carmakers may make Msia a manufacturing hub, says DPM
Theedgedaily.com
29,May 2006 …More foreign carmakers may use Malaysia as a manufacturing hub following in the footsteps of Toyota Motor Corp, said Deputy Prime Minister Datuk Seri Najib Razak.