Tengzhong will likely buy Hummer through offshore entity

The Chinese are trying to buy the famous HUMMER....

Comments

Post a Comment

Popular posts from this blog

Golden year for auto industry

Image
THE NATION reports: This year can certainly be considered the golden year for Thailand's automobile industry. Just grab a look at these figures: apart from achieving a new sales record of an expected 1.4 million vehicles, 2012 also marks the first year that the industry has broken the 2-million-vehicle production mark. Auto exports from Thailand this year is estimated at Bt1 trillion, making the auto industry the biggest earning industry, with 1-tonne pickup trucks and eco-cars as the mainstream products, as well as auto parts and components. Watching this growth trend, many are already eyeing the 3-million-vehicle production mark for the auto industry. The Industry Ministry along with the Federation of Thai Industries (FTI), the Auto Industry and the Auto Parts Industry Club of the FTI, Thai Automotive Industry Association (TAIA), Thai Auto Parts Manufacturers Association (TAPMA), Board of Investment (BoI) and the Thai Automotive Institution (TAI) recently celebrated the 2-million...
Read more

Toyota starts production at Gateway 2 plant

Image
To meet the rising demand in domestic and overseas markets, Toyota Motor Corporation (TMC) in Japan, and TMT decided to invest about 11,000 million Thai Baht in another new assembly plant in Thailand which is “Gateway 2” at Chachoengsao province to assemble passenger cars with the annual production capacity at the beginning of about 80,000 units with 1,500 employments. As a result, this will increase Toyota total normal production capacity of up to 770,000 units per year. The production at the Gateway 2 plant will start on 26 August 2013.
Read more

Automotive sector to drive Malaysia's competitiveness

Image
VIA BUSINESS TIMES : THE automotive sector's transformation map has and will continue to make Malaysia competitive, even with challenging free trade pacts like the Trans-Pacific Partnership (TPP), which Malaysia hopes to be a member. Signs of steady improvement in the sector have been showing in the past decade since the Asean Free Trade Area (Afta), Japan-Malaysia Economic Partnership Agreement and the Malaysia-Australia Free Trade Agreement (FTA), enabling Malaysia to be on the same page as the leading automotive countries in the world. "(Global) competitiveness is what we have been preparing for. Right from Afta, the government has been liberalising the industry," said Malaysia Automotive Institute chief executive officer Madani Sahari. With Afta, for instance, there is nothing to stop automotive manufacturers from using Indonesia to sell their vehicles to the Malaysian market. Both the trade pacts with Japan and Australia, which come into effect in 2016, will see zero...
Read more