Vietnam 

Grab cars must have roof signs: draft – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Cars which provided passenger transportation services via ride-hailing platforms like Grab will have to have roof signs showing that they were “contract vehicles”.  – Photo baogiaothong.vn   HÀ NỘI — Cars which provide passenger transportation services via ride-hailing platforms like Grab will have to have roof signs showing that they were “contract vehicles”. This was a highlight in the latest version of the draft decree on automobile transportation businesses, replacing Decree 86/2014/NĐ-CP, which the Ministry of Transport recently submitted to the Government. The ministry said that it wanted to create a…

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Vietnam 

Sales of locally-assembled cars down, imported cars sharply up – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  In the first quarter of this year, the sale of imported cars increased by 243 per cent year-on-year, said VAMA. Photo vneconomy.vn HÀ NỘI — The sale of domestically-assembled cars in the first quarter of this year decreased by 8 per cent year-on-year to more than 46,250 units, while sales of imported cars sharply increased by 234 per cent to nearly 32,000 units, according to the latest report issued by the Vietnam Automobile Manufacturers’ Association (VAMA). The report showed that VAMA members sold a total of 78,250 cars during…

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Singapore 

BMW crashes through carpark gantry, hits two other cars and noodle stall, Singapore News

A BMW driver crashed through a carpark gantry, hit two other cars and smashed a large hole in the wall of a nearby coffee shop before coming to a halt. The three drivers involved and the hawker in the affected noodle stall were not injured. The accident occurred at Block 265 Bukit Batok East Avenue 4 at about 1.40pm on Tuesday. It allegedly happened because the driver, who is in his 70s, accidentally stepped on the accelerator in an attempt to brake. In an interview with Shin Min Daily News,…

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Vietnam 

Prime Minister sets emissions standards for used cars – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A new roadmap, issued by Prime Minister Nguyễn Xuân Phúc, will apply emission standards for road vehicles, including imported used cars. — Photo baogiaothong.vn Viet Nam News HÀ NỘI — Prime Minister Nguyễn Xuân Phúc has set a new roadmap to apply emission standards for road vehicles, including imported used cars. The official Vietnamese regulation titled “Road vehicles – maximum permitted limits of exhaust gases” includes four standards, with standard 1 being the highest permitted limit. In the roadmap, standard 1 applies to vehicles with positive-ignition and…

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Home 

Daimler is finalising plan to make all-electric, 5G-enabled Smart micro cars in China for export with largest shareholder Geely

Daimler, the maker of the Mercedes-Benz luxury cars, said it is finalising a plan with its biggest shareholder Zhejiang Geely Holding Group to assemble Smart micro-cars in China for export.The all-electric vehicles, to be assembled at a new factory in China, will be available for sale in 2022. The agreement for the venture will be finalised by the end of 2019, Daimler said in an announcement.“As equal partners, we are dedicated to promoting the smart brand globally,” said Geely’s founder Li… Source link

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China 

China’s big spenders are reining in on buying cars, jewellery and watches as confidence in personal finance cools, Credit Suisse says

Chinese consumers are less confident about their personal finances, income growth and are cautious of making big purchases than they were a year ago as the country’s economic slowdown is beginning to weigh on sentiment, a Credit Suisse study has found.The number of respondents expecting an improvement in the state of their personal finances in the next six months has “decreased significantly by 5 percentage points to 30 per cent in 2018, after a strong recovery in 2017,” according to the Credit… Source link

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Vietnam 

VinFast tests its first 155 LUX cars abroad – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

VinFast experts check cars before sending them to testing centres. Viet Nam News HÀ NỘI — The first batch of VinFast Lux cars was shipped to four continents for quality and safety tests on Wednesday. The testing process will last from now to August 2019, ensuring all VinFast products meet the high standards of Europe and the world before being sold on the market. A total 155 VinFast cars are scheduled for quality testing, as the first trial production batch, of which 113 are completed vehicles and…

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Vietnam 

Lexus Việt Nam recalls GX460 cars to fix airbag faults – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Nearly 300 Lexus GX460 cars will have their airbag inflators checked and replaced. — Photo plo.vn Viet Nam News HÀ NỘI — Lexus Việt Nam is recalling nearly 300 Lexus GX460 units due to airbag faults, according a report from the importer. The vehicles, which were manufactured from May 15, 2014 to February 10, 2017, will be checked and airbag inflators for the front passenger seat will be replaced. The airbag inflators, supplied by Takata Company, may be at risk of moisture as a possible cause for…

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Home 

Two major Chinese carmakers say lower tariffs on US-made cars aren’t a speed bump for their sales

Two of China’s biggest carmakers say they can weather Beijing’s move to lower tariffs on US-made cars imported into the world’s largest auto market, pointing out it largely affects luxury rather than the less pricey segments they focus on.“The lowering of tariffs mainly affects higher-end cars, like those selling at over 200,000 yuan (US$30,000),” Zeng Qinghong, chairman of GAC Group, said in an interview on Friday on the sidelines of China’s annual parliamentary meeting. “It won’t affect… Source link

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Ecommerce 

Tech culture: Chinese consumers are buying cars online using VR, without kicking the proverbial tyre

Many who have benefited most from China’s economic boom over the past decade have not been shy about flaunting their wealth — providing a boon in sales for luxury goods makers and high-end automakers such as Ferrari and Maserati.Times are changing though and amid the recent economic slowdown more and more ordinary Chinese are turning to the second-hand car market to meet their driving needs.Newly-married Ma Pengxiao is 25 years old, lives in Weinan, a small city in China’s northwestern province… Source link

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