Sime Darby Berhad today announced that it has entered into a conditional share purchase agreement with Permodalan Nasional Berhad to acquire PNB’s 61.2% stake in UMW Holdings Berhad, which not only includes their aerospace and manufacturing businesses, but also the Toyota and Perodua brands. Under the terms of the agreement, Sime Darby will purchase PNB’s 61.2% stake for a total cash consideration of RM3.57 billion or RM 5.00 per share. Once the agreement becomes unconditional, Sime Darby will b

HEV kei car launching first First BEV kei car launching by 2025 BEV kei car to be affordably priced Following the introduction of the Daihatsu Rocky e:Smart, Daihatsu's first self-developed hybrid model, the Osaka-based company has announced that they will be electrifying all their models sold in Japan by 2030. Daihatsu said that its new models will either be battery electric vehicles (BEVs) or hybrid vehicles (HEVs). According to Japan Times, Daihatsu plans to launch its first BEV kei model by

If you’re looking to get a brand-new Honda for less, this month might be a good chance to do so. Honda Malaysia has just announced its August promo with savings for its locally-assembled models. Called "Malaysia Tanah Airku Special Gifts of Unity", this offer applies to the Honda Jazz, City, BR-V, Civic, HR-V, CR-V, and Accord. Buyers are rewarded with Malaysiaku bonuses and extra rebates or service vouchers with every purchase of selected Honda models this month. For instance, you could get a b

If you’ve been following our website or YouTube channel, you would know that we have just bought a Perodua Ativa. We’re not the first customer to receive the car but we’ve got it early enough to still be able to turn heads at the traffic light. The head-turning effect will wear out eventually, so we’re enjoying its as much as we can for the time being. In our earlier post and YouTube video, there’s one thing we forgot to mention as pointed out by one of our readers – the chronology of booking, p

Edaran Tan Chong Motor (ETCM) has just teased the imminent arrival of the all-new 2020 Nissan Almera in its latest ad. The overarching theme in the 1-minute video is “challenge all beliefs”. What is the belief that Nissan wants consumers to challenge? Set to go head-to-head against upcoming Honda City RS when it goes on sale later this year, the hero colour for the all-new Nissan Almera is red – in this case, Radiant Red. Coincidence much? To recap, ETCM held a preview event for the all-new Niss

Malaysians are familiar with Proton’s ties with Mitsubishi Motors, its former technical partner in the ‘80s and ‘90s. We all know that the first Proton Saga was based on the Mitsubishi Lancer Fiore. What is less known however, was that back in the ‘80s, Chrysler had a 15 percent stake in Mitsubishi Motors, and was selling several Mitsubishi models, including the Lancer Fiore under Chrysler’s Dodge and Plymouth brands in the US. The relationship goes like this: Mitsubishi Lancer (Japan) = Mitsubi