It looks like Nissan, which is facing some troubling times, might have a rescuer in the form of rival Honda. According to reports cited by Japan's Nikkei, both Japanese automotive giants are reportedly entering a discussion of a merger. The business daily reported that Japan’s No. 2 and No.3 automakers are looking to operate under a single holding company and will soon sign a memorandum of understanding (MoU) for the new entity. This new holding company will also consider bringing in Mitsubishi

CY Foong

Dec 18, 2024

Proton has confirmed the launch of the China-made Proton e.Mas 7 in Singapore. Vincar, a grey importer that has since expanded into the new car business, has been appointed as the authorized distributor for Proton’s electric-only e.Mas brand. Vincar is also the distributor of GAC’s Aion cars. According to a report by Singapore’s Business Times, Vincar plans to launch the e.Mas 7 next year and will set up a showroom in the Leng Kee area, the island state’s hub for new car showrooms. This confirms

Hans

Dec 17, 2024

While battery electric vehicles (BEVs) would turn out to be the first model introduced by the Proton e.Mas sub-brand, plug-in hybrids (PHEVs) are not completely ruled out. P1's parent company, Geely, has a model that could serve as the second model after the newly launched e.Mas 7. Following a preview last month, Geely officially launched the Geely Galaxy Starship 7 PHEV in China with 5 variants priced between CNY 99,800 to CNY 132,800 (~RM 61k-81k). From a design standpoint, the Starship 7 shar

CY Foong

Dec 17, 2024

Indonesia’s new car market, the largest in Southeast Asia, is facing its toughest challenge in more than a decade, with total new motor vehicle (four-wheelers and above) sales expected to go down to just 850,000 units this year. Except for the Covid-19 pandemic-hit 2021, Indonesia’s new vehicle sales have not dropped below 1 million units since 2011, when 894,164 units were sold. High interest rates, deflation, weak consumer confidence, stagnating household income, and an increase in new car pri

Hans

Dec 17, 2024

Following Thailand's example, the Indonesian government announced on Monday (16 December) that it will extend a further 3% discount on hybrid electric vehicles sold in the country in 2025. Indonesia’s Coordinating Minister for Economic Affairs, Airlangga Hartarto, revealed in a press conference that it will introduce a 3% Luxury Goods Sales Tax cut for hybrid vehicles from 1 January 2025. Currently, the maximum tax rate on hybrid vehicles which includes both full hybrids and mild hybrids is betw

CY Foong

Dec 17, 2024