Sales slumped as consumers took a wait-and-see attitude toward the government’s price-rollback pledge. The market revived when a top industry official urged would-be buyers not to wait, as the cuts will be phased in over the next five years....More
Consumers may be holding off vehicle-buying decisions to see what prices do after the government’s election-campaign promise to reduce the cost of new autos and make changes in national automotive policy....More
Despite the year-on-year gain, April sales fell 9% from prior-month because of uncertainty in the market over the general election, which the ruling party predictably won amid claims of fraud by the opposition....More
ASEAN members mostly will have abolished tariffs on each other’s products by 2015, as they form a competitive economic region with a single market and production base that is fully integrated into the global economy....More
The Malaysian auto maker is concerned the lack of quality housing near its headquarters makes it hard to recruit younger employees, and believes the planned development will help draw more talent for executive and other posts....More
Toyota, which has installed some 1 million units of engine capacity in China, intends to raise local content to upwards of 95%. A similar capacity expansion by the auto maker’s main automatic transmission supplier, Aisin, is in the works....More
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