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Global car giants are the Nokia of today, rolling towards commercial extinction

Think of the smartphone in your pocket. Now compare it with the mobile phone you might have carried 20, or even 30, years ago.They are hardly comparable. They are different sizes, different shapes, and worlds apart in what they can do.That brick from 20 years ago could make telephone calls and send short text messages – if you were lucky enough to have cellular coverage.With today’s smartphones you can not only watch movies, you can make them. They can monitor your health and fitness, tell you… Source link

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China 

China's January passenger car sales in biggest drop in seven as worries over economy, spending deepen

China’s passenger car sales fell 17.7 per cent last month from a year earlier to 2.02 million units, marking the lowest January sales since 2012.Data from the China Association of Automobile Manufacturers showed that there was a 15.8 per cent decline in total vehicle sales in China in January to 2.37 million units.It is the seventh straight monthly decline in the world’s largest car market, and adds to wider concerns over domestic consumption and economic growth.Global carmakers such as… Source link

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Singapore 

Woman trapped under car in Punggol accident loses left foot and has operations to save other foot, Singapore News

SINGAPORE – A woman who was trapped under a car in an accident in Punggol earlier this month has lost her left foot and undergone multiple surgical operations to save her remaining foot. Madam Alice Hee, who is in her 50s, was on her way to service at the Church of the Transfiguration with her husband and daughter on Feb 3 when the accident happened. They were waiting to cross the road at Punggol Central near the church when a car slammed into the family tailfirst, pinning Madam Hee to…

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As China gets used to buying on credit, it remains important for GM financing arm even as new car sales soften

As concerns are increasing about rising delinquency rates among car buyers in the United States, GM Financial, the car loans arm of US carmaker General Motors, is increasingly looking to mainland China for potential growth. Not only is China the world’s biggest market for car purchases, but Chinese buyers make larger down payments and pay off their loans quicker than their US counterparts when they borrow money for new or used cars. Beijing, pushing its electric vehicle market, is making it harder for start-ups to enter as it fights overcapacity…

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Vietnam 

Local car maker to export to ASEAN and the US – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News QUẢNG NAM — The Trường Hải Automobile Company (Thaco) plans to export locally manufactured buses, cars and semi-trailers as well as spare parts and accessories to the US, Canada, Thailand, Singapore and the Philippines worth US$60 million in 2019. Director of the manufacturing section of Thaco, Nguyễn Quang Bảo, said the plan followed agreements with partners. Bảo said the first batch of 350 buses and 1,400 trailers would be delivered to customers in Thailand, Singapore, the Philippines, the US and Canada, while Kia Sedonas…

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Singapore 

Motorcyclist sent flying after car beats red light and crashes into him at Bukit Batok, Singapore News

An 18-year-old motorcyclist was taken to hospital after he was involved in an accident with two cars along Bukit Batok West Avenue 5 towards Brickland Road on Monday night (Feb 11). Stomp contributor Jason alerted Stomp to the accident and shared a video he had taken from his car’s dashboard camera. In the video, a car is seen beating the red light before hitting the rider, causing him to fly off his bike and land on the road. Several pieces of debris are seen being flung in all directions as…

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Singapore 

My way or the highway: Wife cannot stand quarrel on PIE anymore, dives out of car, Singapore News

A fight between husband and wife got so unbearable for the missus that she exited the car while it was cruising on the expressway. Diving out of a moving car — even one containing an insufferable spouse — is never advisable. The 46-year-old woman met the consequences — she hit her head and received numerous abrasions. The dramatic couple dispute happened over the Chinese New Year holidays on the morning of Feb 6. The car was travelling on the Pan Island Expressway (PIE) towards Tuas, with the woman exiting near the Upper Jurong…

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Singapore 

Woman trapped, bleeding under wheel, among 6 injured after car hit tree in Punggol; driver arrested, Singapore News

SINGAPORE – Six people were taken to hospital after a car accident in Punggol on Sunday morning (Feb 3). Police said they were alerted to the accident involving three pedestrians at Punggol Central towards Sumang Lane at 8.48am. The car driver and two passengers were among the six, aged between 29 and 65, taken to Khoo Teck Puat Hospital. The 63-year-old driver was later arrested for causing hurt by negligent act, the police said. Engineer Koh Chek Kian told The Straits Times that he saw the car breach the kerb…

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Vietnam 

Expectation increases as car demand rises – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — As car ownership in Việt Nam continues to rise and a higher volume of customers visit the service centre, expectations of the overall service initiation process have increased, according to the J.D. Power 2018 Vietnam Customer Service Index (CSI) Study released on Tuesday. The study shows that although more customers are making service appointments in advance (90 per cent in 2018 compared with 66 per cent in 2017), fewer customers were ‘delighted’ with the ease of scheduling their service visit (12 per cent…

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China 

China moves to spur car sales in bid to boost slowing economy

China is loosening restrictions on the second-hand car market as part of a flurry of measures aimed at spurring sales of items ranging from cars and appliances to information services as the world’s second-largest economy grows at its slowest pace in nearly 30 years. The National Development and Reform Commission (NDRC) made the announcement on Tuesday, adding it will also provide subsidies to boost rural sales of some vehicles and purchases of new energy vehicles. China will offer “appropriate” subsidies on small truck and passenger cars in rural areas, the…

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