Taiwan’s Hon Hai Precision Industry Co., better known as Foxconn, is in talks with Renault to purchase the latter’s controlling stake in Nissan, reports Taiwan’s Central News Agency (CNA). Renault owns 35.7% of Nissan; 17% is owned directly by Renault, while the remaining 18.7% is held via a French trust. According to CNA, Foxconn had initially approached Nissan directly but was rebuffed, prompting the Japanese automaker to accelerate talks with Honda. Separately, Japan’s business publication Di

Hans

Dec 20, 2024

China’s Ministry of Industry and Information Technology (MIIT) recently released information on the facelift of the 2025 Xpeng G6 in its latest publicly available catalogue. Three variants were mentioned in the document, all powered by a single rear-mounted (RWD) motor with a peak output of 296 PS. That output remains unchanged from the outgoing pre-facelift but the documents also listed new battery packs would be offered in the facelift. Replacing the existing ternary lithium battery packs woul

CY Foong

Dec 20, 2024

Volkswagen Passenger Cars Malaysia (VPCM) and Fujifilm Malaysia have announced the Volkswagen Shutter Stories photography contest, open to Malaysians and residents aged 18 and above. Running until 5-January 2025, participants are invited to submit photos showcasing five Volkswagen themes: VW Love, VW Adventure, VW Motion, VW People, and VW Colours & Life. At least two entries must feature a Volkswagen model. The Grand Prize winner will receive a one-year retainer as Volkswagen Malaysia’s officia

Sanjay

Dec 20, 2024

Bank Negara is considering abolishing the Rule of 78 method for calculating flat-rate financing, such as that used in hire purchases. On 16 December, Bank Negara invited public feedback on its proposed reform, albeit limited only to personal financing. Among the reforms mentioned in the proposal document is the “abolishment of personal financing (PF) where interest/profit charges are computed using the flat rate with the Rule of 78 method.” The Rule of 78 is a method used to calculate interest (

Hans

Dec 20, 2024

The Chery Omoda E5 is the first battery EV (BEV) model in Malaysia to receive SIRIM certification for the safety of its high-voltage battery. This is in addition to complying with the international United Nations Regulation No. 100 (UNECE R100) requirements for safety standards of high-voltage batteries in four-wheeler vehicles. “Being the first automotive brand in Malaysia to receive the EV battery certification is an incredible honor and a significant milestone for us at Chery Malaysia. We are

Hans

Dec 19, 2024