Category: Automotive

Retail News Asia is committed to providing both local and global retailers with the latest Auto and Car news throughout the Asian market. This on a daily base.

  • China November vehicle sales up 16.6 pct

    China November vehicle sales up 16.6 pct

    China auto sales in November rose 16.6 percent from a year earlier to 2.9 million vehicles, the sixth consecutive month of double-digit growth, the China Association of Automobile Manufacturers said on Monday.

    That compares with an 18.7 percent rise in October and a 26.1 percent rise in September.

    In the first 11 months of 2016, sales grew 14.1 percent compared with the previous year, the association said at a briefing in Beijing.

    In October, the association raised its forecast for full-year 2016 growth to 7 percent, from 6 percent previously.

  • Hyundai joins ITU to help drive connected car standards

    Hyundai joins ITU to help drive connected car standards

    South Korea’s largest automaker Hyundai Motor Company has joined the ITU’s standardization arm (ITU-T) to contribute to creating standards for connected cars.

    As a new member, Hyundai will support the coordinated development of intelligent transport systems that will improve the passenger experience, road safety and reduce traffic congestion and emissions.

    “ITU is well placed to encourage the public-private partnerships required to improve road safety,” said ITU Secretary-General Houlin Zhao. “Joining the ITU membership, Hyundai has entered the company of governments, industry players and academic and research institutes working together to build cohesion in ICT innovation.”

    The ITU has been ramping up efforts in recent years to provide a unique, global platform for automotive-ICT collaboration, which has already sparked the development of a range of ITU standards tailored to the automotive industry.

    “Hyundai Motors is looking forward to participating in ITU and will bring important momentum from the automotive industry to advance the future of connected car technology,” said Eon Youl Shin, Director, Hyundai.

    Hyundai’s participation in ITU will also support the company in building its “hyper-connected intelligent cars” platform, which includes smart remote maintenance services, autonomous driving, smart traffic flow, and a connected “mobility hub” to provide security and data management for connected cars.
    ITU said it will host discussions on the status and future of intelligent transport systems at the Geneva International Motor Show in March 2017 at the Symposium of the Future Networked Car.

    “Standardization will be essential in building a trusted ecosystem of intelligent vehicles,” said Chaesub Lee, Director of the ITU Telecommunication Standardization Bureau. “ITU standardization work is supporting the increasing integration of ICTs in vehicles with road safety and data security as our top priorities.”

    An ITU standard for secure over-the-air software updates for connected cars is expected to be approved in early 2017, and new ITU standards are under development to reduce technology-related driver distraction.

  • Chevrolet Sales Thailand Hands Out 500 One World Futbols

    Chevrolet Sales Thailand Hands Out 500 One World Futbols

    Chevrolet Sales Thailand recently donated 500 One World Futbols and numerous books to 25 schools within the province of Nakhon Pathom. The donations were facilitated through a coordinated effort with local dealership Chevrolet Chor Erawan Nakhon Pathom.

    Chevrolet Thailand and Chevrolet Chor Erawan Nakhon Pathom also coordinated a Chevrolet Play for Dreams corporate social responsibility (CSR) activity that saw two customers take delivery of brand-new Chevrolet Colorado pickup trucks.

    “Play is a fundamental human activity that can inspire children and adults alike. Thanks to the support offered by Chevrolet Chor Erawan Nakhon Pathom, we are able to engage with young students today, fueling their ingenuity and imagination for the future of Thailand,” said Wail Farghaly, Managing Director of GM Thailand and Chevrolet Sales Thailand.

    Chevrolet has thus far donated a total exceeding 24,000 One World Futbols throughout Thailand as part of its One World Play Project. The Play for Dreams event enabled students to get an up-close look at the new Colorado while receiving their futbols.

    Two of Chevrolet Chor Erawan Nakhon Pathom’s customers, Karun Khiaothongnoi and Prapas Bunpen, took delivery of their new Colorados in the presence of several executives, including Farghaly; Nataporn Jiramahapoka, Director of Sales and Network Development, Chevrolet Sales Thailand; Wiwat Chanwaowarm, Managing Director, Chir Erawan AutomobileNakhonpathom; Kanya Chanwaowarm, Assistant Managing Director, Chir Erawan Automobile Nakhonpathom; and Thanachart Chanwaowarm, Retail Operator, Chir Erawan Automobile Nakhonpathom.

    “We had a very successful launch of the new Colorado and have received many positive reviews from dealers, customers and the media. Today, we’re delighted to welcome Mr. Khiaothongnoi and Mr. Bunpen to the Chevrolet Colorado ownership family, and through a combination of the quality of the product, connectivity, and Complete Care program, we hope that they become customers for life,” Farghaly added.

  • Delphi, Mobileye to use Intel chip for self-driving car system

    Delphi, Mobileye to use Intel chip for self-driving car system

    Auto parts maker Delphi Automotive and Israeli technology firm Mobileye NV will put an Intel Corp chip at the heart of their joint effort to produce self-driving vehicles by 2019, the companies said on Tuesday.

    The move is a boost for the world’s largest semiconductor maker, which is also working with German luxury car maker BMW AG and Mobileye on self-driving technology, but has not been able to extend its broader chip dominance into the fast-emerging autonomous vehicle market.

    Companies from Alphabet Inc’s Google to Uber Technologies and Tesla Motors are vying to put autonomous vehicles on U.S. roads, which could radically reshape transportation across the country.

    Intel will provide a “system on chip” for autonomous vehicle systems that Delphi and Mobileye are developing together, Glen De Vos, Delphi’s vice president of engineering, told Reuters.

    UK-based Delphi is talking with established automakers and new or niche vehicle companies, such as manufacturers of commercial vehicles, interested in automating vehicles, De Vos said.

    The system Delphi and Mobileye are developing would likely come to market first in a commercial vehicle operating in a limited area, such as an airport shuttle or a ride-hailing service, DeVos said.

    Delphi is testing autonomous driving technology in vehicles in Singapore. By the end of this year, Delphi hopes to choose a city in the United States to launch a test fleet of self-driving cars during 2017, De Vos said. The company is also looking for test site in a European city.

    “We are looking at Pittsburgh and Boston and a couple of others,” De Vos said. Pittsburgh is where ride services company Uber is testing its own self-driving vehicles.

    Delphi and Mobileye will stage a demonstration of their self-driving vehicle system at the Consumer Electronics Show in Las Vegas in January, De Vos said. That system will use current, electromechanical laser imaging technology, or LIDAR, that is too expensive for use in consumer vehicles, he said.

    Delphi is also working with Quanergy Systems, a maker of solid-state LIDAR systems, De Vos said.

  • Daimler to build Actros heavy truck in China

    Daimler to build Actros heavy truck in China

    Germany’s Daimler plans to start building the Actros heavy truck in China by the end of the decade, citing the head of the truck division.

    Seeking to expand its role in the world’s largest truck market, Daimler is targeting a five-digit production number for the Actros, the newspaper quoted Daimler Trucks Chief Executive Wolfgang Bernhard as saying in an interview to be published on Tuesday.

    Western manufacturers are allowed to operate in China by forming joint ventures with Chinese partners. Stuttgart-based Daimler currently produces trucks with China’s Beiqi Foton Motor .

    The two companies are planning to invest a three-digit multi-million amount in local production of the Actros, and Daimler alone wants to set up 200 dealer and service stations.

  • South Korea to disallow sales of some Nissan, BMW and Porsche models

    South Korea to disallow sales of some Nissan, BMW and Porsche models

    South Korea said on Tuesday it plans to disallow sales of two Nissan Motor Co Ltd, one BMW AG and three Porsche AG car models after finding errors in certification documents for the car makers’ imported models.

    South Korea’s environment ministry said in a statement it also plans to fine the local units of the foreign car makers a combined 6.5 billion won ($5.56 million) after finding certification errors in two Nissan, one BMW and seven Porsche models.

    Out of the seven Porsche models, four have discontinued sales, the ministry said.

    The decisions on the sales halt and fines will be finalised in December after a hearing, the environment ministry said.

    The ministry announced the results of a probe into whether foreign car makers besides Volkswagen AG falsified documents for certification, following a similar finding on Volkswagen earlier this year.

    A Nissan Korea spokesman said the company plans to cooperate with the environment ministry and clarify its position in the hearing.

    Spokespersons for BMW and Porsche could not be immediately reached for comment.

  • German carmaker BMW launches Indonesian-made sedans in luxury push

    German carmaker BMW launches Indonesian-made sedans in luxury push

    German automaker BMW on Wednesday launched its 7 series sedans in Indonesia that will be assembled in the country as it seeks to tap into the long-term demand for luxury vehicles in Southeast Asia’s biggest economy.

    Other luxury car companies such as Daimler AG’s Mercedes-Benz are also increasingly shifting part of their production to the country of 250 million people to reduce costs and distribute their vehicles more quickly to consumers.

    “We are very positive about the future of Indonesia and therefore we also see an increased potential in the luxury market,” Axel Pannes, managing director of BMW Group Asia, told Reuters on the sidelines of a media launch in Jakarta.

    The German company has invested more than 210 billion rupiah ($15.5 million) over the last five years to assemble a greater number of car models in Indonesia, the 7 series being the latest addition to its local line-up.

    The group sold a total of 3,638 vehicles in Indonesia last year, up 5.7 percent from a year earlier. BMW executives declined to give sales projections for this year or for 2017.

    Global carmakers would benefit from lower import tariffs for certain components if they were to set up local assembly plants, said Jongkie Sugiarto, co-chairman of the Association of Indonesia Automotive Industries.

    The move would also be positive for Indonesia as it brings investment into the country and generates employment, he added.

    The Indonesian government is offering incentives for foreign companies to build cars domestically, said I Gusti Putu Suryawirawan, director-general for metal, machines, transport equipments and electronics at the industry ministry.

    “The aim is for them to produce here and therefore involve local suppliers,” Suryawirawan said, adding that the automotive sector was a key sector for Indonesia’s economic growth.

    Gross domestic product is expected to grow 5 percent this year and up to 5.4 percent in 2017, according to the central bank’s latest estimate.

    The premium car market should be supported next year by the government’s economic stimulus and the roll-out of infrastructure projects, said Kariyanto Hardjosoemarto, a sales operation and product management executive at Mercedes-Benz in Indonesia.

    Indonesia’s tax amnesty scheme, launched in July, may also help to boost luxury car sales as those who were previously concerned by being chased by the tax office would now be less hesitant about making such purchases, Hardjosoemarto added.

  • Triumph Motorcycles sees easy ride as market hums

    Triumph Motorcycles sees easy ride as market hums

    Despite murky economic prospects, British manufacturer Triumph Motorcycles remains upbeat about sales prospects in Thailand this year because of lower retail prices and a growing big-bike market.

    According to Jakkrapong Santirat, general manager of Triumph Motorcycles Thailand, Triumph’s sales fared well after Leicestershire-based Triumph took over the dealership network in Thailand last year.

    Through its wholly owned subsidiary Triumph Motorcycles Thailand, the company since last November has handled not only manufacturing but all aspects of the business, including sales and marketing activity, in coordination with distributors such as Britbike.

    Britbike is owned by Dom Hetrakul, an actor who became the first authorised dealer of Triumph motorcycles in 2007.

    Last year, Triumph reported domestic sales of 1,512 units, compared with just 292 in 2014.

    Mr Jakkrapong said the company is feeling more confident it will achieve sales of 2,400 units this year, after selling 2,112 in the January-October period.

    “The British parent firm has been working closely with its wholly-owned manufacturer in Thailand to make all retail prices more attractive,” he said. “All Triumph models sold in the Thai market have seen prices drop by about 30%.”

    Mr Jakkrapong said Triumph’s market share in Thailand has grown significantly to 40%, up from 25% last year.

    In keeping with the growing big-bike market, he expected Triumph would be able to maintain annual sales growth rate of 5-10%.

    Triumph entered Thailand in 2002, opening its first factory in May 2002 to make motorcycle components such as frames, fuel tanks, header systems, swinging arms, engine covers and chrome-plated parts.

    A second factory opened in 2006 with a painting facility and assembly line, and a third plant, opened in 2007, includes high-pressure die casting and machining.

    All three factories are at the Amata Nakorn Industrial Estate in Chon Buri.

    The company employs 1,100 workers in Thailand. Existing facilities make up half of total production capacity of 80,000 units a year.

    All Triumph motorcycles are made at its Thai facilities, using 50-60% local content. Triumph also ships its Thai-made motorcycles to more than 40 countries.

    Triumph’s Thai facilities, with a combined investment of more than 3 billion baht, are the only facilities offering completely built-up production outside of Britain, representing 65-70% of Triumph sales worldwide.

    In Thailand, Triumph runs eight sales outlets nationwide, including its latest showroom that opened last week in Bang Na district.

  • Tesla Motors Opens First Showroom In South Korea’s Largest Mall

    Tesla Motors Opens First Showroom In South Korea’s Largest Mall

    Teslarati reported on November 28 that Tesla Motors is all-set to open its first showroom inside South Korea’s largest shopping mall, the Starfield Hanam Complex. The store is expected to open today. However, the news didn’t do much to the stock as TSLA declined 0.41% during after-hours trading on Monday.

    The company’s latest store in Gyeonggi Province would be its first retail outlet in South Korea. With its entry, Tesla may provide tough competition to the region’s largest automaker; Hyundai Motor. The latter is also expected to open a store in Starfield. Moreover, the company is expected to launch its competitively priced Electric Vehicle (EV) before the year-end.

    Moreover, executives of Starfield Hanam indicated that they were notified about the store’s opening date. However, they believe that the date may be delayed, depending on the company’s preparations.

    Teslarati reported: “While the Silicon Valley-based automaker takes aim at expanding its retail presence in South Korea, the company is also busy with laying the ground work for the build out of its Supercharger network across the country.” The company is also reportedly viewing its plans of building supercharging stations around Seoul.

    The report further mentioned that TSLA has also invested in constructing another showroom within the country’s high-end Gangnam district. The district is also considered as the Rodeo Drive of South Korea. Earlier in September, the company had signed a $439,059 lease to get its hands on a three-story upscale commercial building in the district. The store is expected to be surrounded by Ferrari, Lamborghini, and Bentley showrooms. Moreover, neighboring stores will also include Cartier, Dior, and Hermes.

    Wall Street analysts have assigned a PT of $225.13 with a 14.8% upside over the last closing price. Analysts’ ratings include 3 Buy, 1 Overweight, 9 Hold, two Underweight, and four Sell.

  • Mercedes bets on SUV next year

    Mercedes bets on SUV next year

    In a sluggish automobile market, German automaker Mercedes-Benz aims to push up sales of sports utility vehicles (SUVs) in 2017, which may see strong demand from young and successful people.

    SUVs accounted for 35 percent of Mercedes’ total sales of 2,724 cars in the first 10 months of this year, almost unchanged from the same period last year. Sixty five percent of the company’s sales derived from sedans and other models.

    The contribution of SUV sales surged by 7 percent as of October, up from only 28 percent last year, Kariyanto Hardjosoemarto, deputy director of sales operations and product management at Mercedes-Benz Indonesia (MBI), said on Wednesday.

    “According to market trends, SUV sales will increase higher than sedans next year,” he said on the sidelines of the 2016 Mercedes-Benz Star Expo.

    Many customers preferred buying SUVs due to poor road conditions in the country, triggered by a number of ongoing infrastructure projects, while some also considered the risk of flood, Kariyanto said.

    Despite the continuing domination of multi-purpose vehicles (MPVs) in Indonesia, the SUV market is expanding rapidly as seen by tighter competition among car manufacturers.

    Major automakers like Toyota and Honda rolled out new models to tap into this potential market throughout this year.

    In the premium SUV market, Mercedes has made a similar play, introducing its GLC model, along with its rival BMW, which launched the X3.

    Although he declined to specify the firm’s sales target for next year, Kariyanto said Mercedes’ top-selling SUV models so far were the GLC, with prices ranging from Rp 899 million (US$66,494) to Rp 1.23 billion, and the GLE, sold for between Rp 1.09 billion and Rp 1.56 billion.

    Behind the growth of Mercedes’ SUV segment are female customers, who apparently choose the model for reasons of safety combined with the comfort that resembles a sedan, according to MBI deputy director of marketing communication Hari Arifianto.

    “Women accounted for 20 percent of our SUV buyers,” he told.

    Amid a persistent economic slowdown that has squeezed people’s purchasing power, the domestic automotive market has gone through a bleak few years of late.

    Car sales, an indicator of consumption in Southeast Asia’s largest economy, only rose by 2.55 percent to 874,847 cars in the January-October period from last year, according to data from the Indonesian Automotive Manufacturers Association (Gaikindo). Sales in October alone went up by just 3.8 percent to 91,846 cars.

    Citing data from Gaikindo, Kariyanto said premium car sales had increased by 0.3 percent year-to-date.

    Despite the flat growth, the firm is optimistic that the luxury car market will recover next year on the back of Indonesia’s demographic bonus, which is marked by a large pool of productive people.

    This outlook underpins the company’s plan to focus on selling cars to young and successful people.

    “CEOs of online marketplaces or owners of app-based startups are all our targets,” Hari said.

    The company hopes that the so-called new generation compact cars, which consist of the A-Class, the CLA and the GLA, will attract younger buyers.

    Comprising sedans and SUVs, the cars are sold at more affordable prices, starting from around Rp 600 million.

    Mercedes launched more than 10 product line-ups this year. On Wednesday, the company unveiled its two latest models, namely the Mercedes-Benz AMG S 63 Coupe and the Mercedes-Benz SL 400, sold for around Rp 6 billion and Rp 2 billion, respectively.

  • BMW to offer new version of i3 electric car in 2017

    BMW to offer new version of i3 electric car in 2017

    German luxury carmaker BMW plans to launch a new version of its i3 electric car next year with a longer range and revamped design, German weekly Welt am Sonntag reported, citing company sources.

    BMW will rework the front and rear of the i3 and equip the car with a new battery to increase its range substantially beyond the current 300 km maximum, the paper said, adding that the increase would be below 50 percent.

    BMW has been torn about whether to accelerate development of new electric cars given its expensive early investment has only resulted in lacklustre sales, with 25,000 i3s delivered last year.

    To help improve sales, BMW has already increased the battery range of its i3 city car by 50 percent this year.

    BMW was not immediately available for comment on the newspaper report.

  • Bentley ‘Be Extraordinary’ tour kicks off in Melbourne

    Bentley ‘Be Extraordinary’ tour kicks off in Melbourne

    Bentley has kicked off its Be Extraordinary tour in Melbourne, with the brand showcasing four models and a new, more affordable way of entering the Bentley brand.

    With plans to expand the tour to include Brisbane, Bathurst, Sydney and Perth, the tour kicked off this week on the banks of the Yarra in Melbourne.

    Located just outside Crown Casino, the Bentley marquee includes material samples and showcases iconic parts of Bentley’s history.

    bentley-be-extraordinary-melbourne-7

    The Be Extraordinary tour has also been designed to launch Bentley’s new financial services, which make the ContinentalGT V8 and Flying Spur V8 more accessible to prospective buyers.

    Both models now feature an attractive $399,000 drive away price, which can be packaged as part of a financial services product over 60 months, that comes out to $3999 per month.

    “We had a look at the content and options that would be fitted to a standard GT V8 as an entry-level model to the brand. There has always been a misconception that Bentleys have been a million-dollar car and inaccessible to people. That’s a problem we’ve been looking to overcome in Australia,” said David Jackson, Bentley’s regional manager for the Asia Pacific region.

    bentley-be-extraordinary-melbourne-4

    “We’ve introduced the ‘399 GT V8’, which has the options a customer would want — like the 21-inch alloys and sports exhaust – but you still come in with all taxes paid. That’s 399 on road. What we’re looking to do beyond this is expand the financial services to make the whole range accessible.”

    Bentley has four vehicles on display at the Melbourne roadshow, including the Bentayga and Continental GT V8 Convertible, along with two examples of the $399,000 product in the Continental GT V8 and Flying Spur.

    “There are a lot of people in different industries in Australia that are booming right now. Australia is a developing market and something like Bentley Financial Services then becomes an option for them. The point of this roadshow is to bring the Bentley brand to life for people,” Jackson said.

    bentley-be-extraordinary-melbourne-3

    “People often don’t know about the Bentley brand and as part of this roadshow we have 21 extraordinary stories here. The point is to explain 21 things you may have never known about Bentley. Such as…James Bond in the Ian Fleming novels never drove an Aston Martin, he drove a Bentley.”

    The Melbourne marquee and display will be around until Sunday 27 November, and operates from 11AM to 8PM each day. Residents of Sydney, Brisbane, Bathurst and Perth will also get to experience the roadshow later this year and next year.

    “We are going to move this on to Sydney before the end of this year. It will stay there until Bathurst, and after Bathurst we will head to Brisbane, and the Grand Prix next year. Perth will then get it around April next year [2017],” Jackson said.

    bentley-be-extraordinary-melbourne-9

    If you do get down to the display in Melbourne, ask to see the Linley Hamper by Mulliner in the rear of the Bentayga. This incredible picnic package includes a chilled champagne cooler with four crystal flutes.

    There’s also storage room for a rug and a full cutlery set. And, at a reasonable $57,808, it seems like a no brainer option for your new Bentley Bentayga SUV.

  • Ferrari boasts rising sales and profit

    Ferrari boasts rising sales and profit

    Italian luxury sports carmaker Ferrari has reported strong third-quarter results despite a challenging market environment. The company logged its steepest sales rise in China, while the rest of Asia proved difficult.Ferrari on Monday booked a record third-quarter profit of 113 million euros ($126 million), marking a 20-percent rise over the same three-month period a year earlier.

    The Maranello, Italy-based automaker said revenue in the quarter was up 8 percent to 783 million euros. It noted the success was attributable to its sales of 12-cylinder models, notably the F12df, the four-seat GTC4Lusso and the newly launched LaFerrari Aperta.

    The Italian carmaker reported shipments of 1,978 vehicles for the July-to-September period, emphasizing that its sales to China had increased by 15 percent.

    Rosy outlook

    Also picking up were sales to Europe and the Americas, while Asia outside of greater China proved a difficult market with shipments there decreasing due to logistical delays caused by a shipment carrier.

    Ferrari confirmed its forecast of shipments for the whole year at around 8,000 units, with revenues to pick up by 3 percent.

    The group revised its earnings guidance upward on the strong third-quarter results, saying that pre-tax profit would come in at above 850 million euros for 2016.

    In the past quarter, Ferrari also booked higher engine revenues on Maserati sales and rentals to other Formula 1 teams as well an increase in sponsorship and brand earnings.

  • Toyota recalls 838,000 Sienna minivans to fix sliding door issue

    Toyota recalls 838,000 Sienna minivans to fix sliding door issue

    Toyota Motor Corp said it was recalling about 838,000 Sienna minivans to fix an issue that may arise while operating sliding doors of the vehicles.

    The recall affects about 744,000 vehicles in the United States and nearly 4,000 vehicles in South Korea and Taiwan, a Toyota spokesman said on Tuesday.

    “Toyota would like to refrain from commenting whether there were any injuries or crashes as a result of the safety flaw,” the spokesman said.

  • Toyota says aims to develop advanced electric-car battery in a few years

    Toyota says aims to develop advanced electric-car battery in a few years

    Toyota Motor Corp said it aims to develop a new, more advanced electric-car battery “in a few years” that will allow the Japanese automaker to come up with an electrified vehicle with driving range and battery life enhanced by up to 15 percent.

    Such performance-enhanced lithium-ion battery technology will likely enable all its electrified vehicles to be improved, Toyota said.

    “Lithium-ion battery is a key technology for electrifying cars, and there is a clear need, going forward, for improving this technology and its performance even more,” Hisao Yamashige, a battery technology researcher at Toyota, told a media briefing in Tokyo on Thursday.

    Improving the performance of lithium-ion battery technology is a pressing issue for traditional automakers such as Toyota and new entrants such as Tesla Motors Inc because of its limiting characteristics.

    Producers of all-electric battery cars, plug-in electric hybrids, as well as conventional gas-electric hybrids are all striving to source or develop more advanced battery technologies to give their electrified cars a better driving range, battery life, and safety.

    Toyota, Japan’s biggest automaker by volume, has pioneered gasoline-electric hybrids technology and is gearing up to launch a new, near-all-electric plug-in hybrid car called the Prius Prime. It also has recently said it is aiming to come up with an all-electric battery car by 2020.