Search Results for: cars

BY MARK ROWE
MALAYSIA’S state oil company Petronas has signed a three-year deal with the Philippine National Oil Company (PNOC) to introduce its natural gas-powered Enviro 2000 cars to the Philippines. Petronas and PNOC will initially embark on a six-month field demonstration in Manila involving six units of the Enviro 2000.…

BY MONICA DOBIE
Tyre producer, Pirelli Pneus SA, a subsidiary of Italy’s Pirelli SpA, is likely to receive financial assistance from the European Investment Bank to help the company flourish in the South American market.

The bank has drawn up plans to lend the company Euro 44 million to modernise and extend an existing plant in Feira de Santana, in Bahia Brazil, to produce radial tyres for light vehicles.…

Keith Nuthall
THE EUROPEAN Commission has pared back regional aid earmarked by the Spanish government to invest in Ford España’s Almusafes (Valencia) plant, ruling that Madrid should spend only Euro 11.11 million, rather than the Euro 15.74 million originally planned. The money will help the plant produce a new engine, the I4, that will power cars like the Focus and the Mondeo from 2003 onwards.…

BY MARK ROWE
Jokes about slow-moving Skodas have long gone out of date but more than 30 Singapore car buyers may disagree, – they are still waiting for delivery of their Czech cars nine months after they each paid US$9,000 for them.…

BY MARK ROWE
THE CHAIRMAN of General Motors China has warned that neighbouring south-east Asia’s home grown car industry will in future find itself squeezed by stiff competition from the emerging giant next door. China’s expanding middle class, robust economic growth and low rates of vehicle ownership means that car makers in south-east Asian countries such as Thailand will be hard pressed to compete in the growing Chinese market, according to Phil Murtaugh, chairman of General Motors China.…

MARK ROWE
MALAYSIA is calling for a review of plans to cut tariffs across south-east Asia, claiming that lower tariffs will affect its car production, particular the Proton series. The south-east Asian country has been given until 2005 to bring tariffs on imported cars down to between zero and five per cent, two years later than other key members of the ASEAN Free Trade Area (AFTA).…

BY KEITH NUTHALL AND MONICA DOBIE
AMERICAN retail giant Wal-Mart is to launch a pilot project where it will sell second hand cars at five of its branches in Houston, Texas. Part of the company’s one-stop-shopping policy, the aims it for it to sell vehicles without haggling and a prices that are below the going rate.…

BY MARK ROWE
A ROW over dealership rights could lead to a permanent parting of the ways for Malaysia’s Oriental Holdings and Honda. Oriental was sole distributor for Honda cars until last July, when Japan’s second biggest carmaker took back those rights to form a local unit, giving it direct involvement in Malaysia’s market.…

BY MONICA DOBIE, in Montreal
CANADA’S federal government will tighten regulations on Sport Utility Vehicles by changing their classification from trucks to cars to force manufacturers to abide by their tighter emissions laws, reducing pollution from SUV’s.

The move is part of an overhaul of Canadian maximum emission levels for oxides of nitrogen, which will see the ceilings for cars reduced from 0.3 grams per mile to between 0.07 grams per mile.…

Keith Nuthall
AMERICAN retail giant Wal-Mart is to launch a pilot project where it will sell second hand cars at five of its branches in Houston, Texas. Part of the company’s one-stop-shopping policy, the aims it for it to sell vehicles without haggling and a prices that are below the going rate.…