Indonesia offers tax incentive to hybrid car makers
Indonesia will offer a sales tax incentive on Government-borne Luxury Goods (PPnBM DTP) of 3% for hybrid cars from next year.
Ford Vietnam recalls cars
Ford Vietnam is recalling nearly 11,800 Ranger, Everest and Ranger Raptor cars using 2.0L Bi-Turbo engines due to broken gear oil pumps.
Toyota, Honda among best-selling car makers in March
Toyota Vietnam and Honda Vietnam posted the best car sales in March among members of the Vietnam Automobile Manufacturers Associations (VAMA) though both reported year-on-year drops in this regard.
Domestic automobile industry in need of policies to raise competitiveness
Vietnam needs to issue special policies for the automobile industry to catch up with other countries in the ASEAN region, said experts at a conference held in Hanoi on October 22.
RoK’s leading auto makers invest in Grab in Southeast Asia
The Republic of Korea’s two leading auto manufacturers, Hyundai Motor Co. and Kia Motors Corp, have announced a target of selling a combined 7.6 million cars in 2019 and an additional 250 million USD in Grab, a ride-sharing company in Southeast Asia.