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Budget 2012: Individual budget taxi owners to get assistance

In a bid to improve the lot of individual budget taxi owners, who are facing difficulties arising from increased operating costs and, in many cases, utilising vehicles that have exceeded their economic life, the Government is proposing that assistance be given to them, to both take care of their welfare and improve taxi services in the country.

This assistance will include a 100% excise duty and sales tax exemption on the purchase of locally-made taxis, as well as exemption from payment of excise duty and sales tax on taxis sold or transferred of ownership after seven years.

The Government also proposes to abolish the road tax on all individually owned budget taxis. It will also provide a subsidised interest rate of 2% on a full loan to purchase new locally-made taxis. The loan scheme is to be managed by BSN, and will be offered for a period of two years, beginning January 1, 2012.

Finally, it will provide assistance of RM3,000 for the disposal of old taxis exceeding seven years but less than 10 years old; for taxis 10 years and above, this sum will be RM1,000. The assistance is being granted with the proviso of purchasing a new locally-made taxi, again for a period of two years, starting January 1, 2012.

For all the above assistance, private budget taxi owners are expected to benefit by about RM7,560. This assistance will also be extended to individual owners of hired cars.

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Budget 2012: Petroleum product subsidies continue as is

Among the items mentioned in Budget 2012 is the continuance of subsidies for petroleum products.

For every litre of RON 95, the actual price is RM2.75, and the price of RM1.90 at the pump translates to a subsidy of 85 sen, or 31% of the actual price.

Diesel has an actual price of RM2.66, and the RM1.80 retail price works out to a subsidy of 86 sen, which works out to 32%.

As for cooking gas, every 14 kg tank is actually priced at RM48.02, and the retail price of RM26.60 means that the Government subsidy works out to RM21.43 or 45% of the actual price. We’ll have more updates on related items as we go along.

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Budget 2012: Hybrid car incentives extended till 2013!

This just in. Prime Minister Datuk Seri Najib Tun Razak, who is also Finance Minister, is reading his Budget 2012 speech at the moment, and he has already touched on something that involves the auto sector, announcing that incentives given to hybrid cars have been extended till 31 December 2013!

Here’s some background: In Budget 2011, the government introduced FULL import duty and excise duty exemption for hybrid and electric cars and motorcycles.

Previously, it was 100% import duty exemption and 50% excise duty exemption, Budget 2011 made it 100% exemption for BOTH import duty and excise duty. The deal, for hybrid cars with 2.0 litre engines and below, was supposed to expire on Dec 31, 2011.

This has led to huge growth in sales for hybrid models such as the Honda Insight and Toyota Prius, while Lexus took advantage of this incentive to bring in the CT 200h hatchback at an attractive price. Honda Malaysia and UMW Toyota will be happy with today’s announcement and can plan ahead from now, bringing in more of the hybrids.

The PM has already touched on fuel subsidies, and from what we hear, it’s status quo.

UPDATE: Here’s Honda Malaysia MD & CEO Yoichiro Ueno’s response to the Budget’s hybrid announcement:

As a pioneer in introducing the hybrid car to the Malaysian market, we are pleased with the government’s decision to extend the full exemption of import and excise duty as announced in today’s Budget 2012. We would like to convey our gratitude as this would continue to make hybrid vehicles more accessible for environmentally conscious Malaysians which showed a significant growth compared to last year.

The Insight remains a popular model among the hybrid customers as to date we have sold 3,800 units. These exemptions are certainly timely, as hybrid vehicles gain favor among customers, Honda Malaysia is looking into expanding its hybrid vehicle line-up in Malaysia by year end.

And here is UMW Toyota Motor MD Ismet Suki’s response to the announcement of the extension of the hybrid exemption:

We are delighted with the announcement by the Prime Minister. This shows that the government is committed to make hybrid vehicles affordable for more Malaysians. It would be exciting to see more hybrid vehicles on our roads and more people would be aware about the effectiveness of hybrid technology as a proven alternative to lowering fuel consumption and environment friendly.

The government is moving towards the right direction in promoting a “greener living” by reducing the CO2 emission with more hybrid vehicles on our roads. UMW Toyota Motor strongly supports this government initiative and will continue to promote hybrid vehicles.

We at UMW Toyota Motor would like to congratulate the Prime Minister on the successful budget announcement that is favourable to private companies and will definitely ease the burden of more Malaysians.

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Seat IBX Concept confirmed for production – reports

The Seat IBX Concept that was shown at this year’s Geneva show has been green lighted for production, according to a report by Spanish newspaper ABC. The IBX will be built in Martorell, Spain, alongside platform sibling Audi Q3.

The IBX Concept that was shown in March was a two-door concept, but the production model is likely to be a a five-door version to compete with mainstream compact urban crossover/SUV models. According to the report, the IBX would debut sometime in 2014.

Despite less than stellar contribution to the cause, it looks like the Volkswagen Group isn’t giving up on its Spanish brand yet. Seat also recently revealed the Mii city car, its version of the Volkswagen Up!, which will start selling in Spain late this year.

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Mitsubishi Delica D:3 – rebadged Nissan NV200 goes on sale in Japan beginning end-October

Mitsubishi is set to launch its Delica D:3 passenger minivan, as well as the commercial version called the Delica Van, at the end of October in Japan. As is already known, the new Delica (which gets its name from Delivery Car, with the number 3 chosen by the company to denote a vehicle of minivan size) is a rebadged Nissan NV 200, one of the models supplied to MMC by Nissan on an OEM basis.

In the case of the passenger version, two trim levels are available, these being a G version, which seats seven in three rows, and a M variant, which is a two-row, five-seater.

The Delica D:3 is powered by a 1.6 litre engine, mated to an electronically-controlled four-speed automatic transmission; a manual transmission is available, but only with the commercial version, which also comes in two trim levels, DX and GX, the latter with a more passenger-focused trim.

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New Chevrolet Colorado double cab coming in December!

Yesterday, we posted on the all new Chevrolet Colorado pick up truck, which made its world debut in Thailand. Looking very much like the Colorado Show Truck from the Bangkok Motor Show, Thai sales of the new Colorado will start on October 17.

Our northern neighbours get to choose from 26 combinations of Colorado models, powertrains, cabins, and ride heights. Two new Duramax diesel engines will be available, a 2.8L with VGT, 180 hp and 470 Nm, as well as a 2.5L with 150 hp/350 Nm.

The good news here is that the Colorado is coming to Malaysia in two months time, according to franchise holder Naza Quest Sdn Bhd. The company says that the CBU from Thailand Colorado will arrive in double cab form, in LT and top spec LTZ trim levels. Both 2.5L and 2.8L engines will be available, in both auto and manual transmissions. Vehicle deliveries are expected to start in mid December.

Welcome to Malaysia’s pick-up truck market, Chevy. Click here for the full deal on the Colorado.

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BMW Premium Selection: Appraisal Weekend happening at Auto Bavaria Sungai Besi and Glenmarie

Auto Bavaria, the authorized dealer of the BMW brand in Malaysia is having an appraisal event this weekend (8th October – 9th October) at their Sungai Besi and Glenmarie dealerships. During the Appraisal Weekend, you can bring in your vehicle of any make or model and the sales advisors at Auto Bavaria will offer market prices of up to RM8,000 more for your trade-in-value.

BPS models that will be available include a range of the E90 3-Series such as the 320i (both standard and Sports), 320d, 323i and the 325i. The E60 5-Series, the F07 5-Series GT and the F02 7-Series will also be available.

Most of the models were registered this year with some registered between 2008 and 2010. Among others, all BPS units come with a comprehensive technical check, approved service and vehicle history, roadside assistance and most importantly, 1 year warranty from BMW.

These cars will be available for test drives and furthermore, the most recent range of BMW models will also be showcased at attractive prices during the event. For more information about the event, please call Auto Bavaria Sungai Besi at 03-92233200 or Glenmarie at 03-55663800.

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Nissan unveils revolutionary car battery charging tech and new, highly formable ultra high tensile strength steel

Nissan has unveiled a couple of innovations, and the first is the development of a new technology that can fully charge an electric vehicle battery in about 10 minutes.

According to a report, researchers at Japan’s Kansai University, working together with Nissan boffins, have come up with tech to speed up the charging process. Currently, lithium-ion batteries can take up to eight hours to recharge fully.

In experiments, the researchers tweaked a capacitor – by using a composite made from tungsten oxide and vanadium oxide for the capacitor’s electrode instead of the usual carbon – to allow it to hold more power. Tests with the new capacitor resulted in it being able to fully recharge within 10 minutes, while maintaining nearly the same storage capacity and voltage as lithium-ion batteries, the report says.

Apparently, the new capacitor has endured repeated charging and discharging without durabiility issues, and the researchers are now planning to go further afield, utilising different materials and structures for the device, with the aim of bringing down the charge time to three minutes or less.

The report adds that it is likely to take about a decade to commercialise the technology, but the breakthrough is expected to help cut production costs for electric cars and make them more popular for drivers in a hurry.

The second one involves steel, in this case what has been tagged as the world’s first ultra high tensile strength steel to be rated at 1.2 gigapascals (GPa), which Nissan has developed in collaboration with Nippon Steel Corporation and Kobe Steel.

What’s unique about this one isn’t just its stiffness, but also its formability. Until now, high tensile strength steel involved a critical trade-off – increased strength came with increased rigidity, and with that, a consequent reduction in press formability, not to mention the challenges in spot-welding the stuff. Traditionally, only high tensile steel – rated up to 980 megapascals (MPa) – has been used in cold pressing structural body parts, requiring complex press work.

The new material changes the scene. Highly formable, it will be produced from 2013 as steel plates for use in cold pressing structural body parts, and used for centre pillar reinforcements, front and side roof rails and other key structural components.

Development of the new material was realised by a breakthrough in the ability to control its structural formation at the sub-micron level, combining hard and soft layers to achieve both strength and formability. An optimal spot-welding methodology – a proprietary process which involves careful optimisation of welding pressure, current volume and power distribution – was also developed for use with it.

The steel offers the benefit of exceeding the structural body performance of previous materials, with less thickness needed. As such, it will offer weight savings, with Nissan claiming its use will reduce vehicle body weight by up to 15 kg.

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Cool prizes await you in the Castrol EDGE Car Club Contest

Following the Castrol EDGE Nurburgring Experience Car Club Challenge which proved to be a success, Castrol has launched yet another contest specially for the local car clubs. Called the Castrol EDGE Car Club Contest, it is open to all car clubs in Malaysia and taking part is pretty easy.

All you need to do is to snap a photo of you and your beloved car, add a creative caption and just upload to your car club’s forum or website. Email us the link to harvinder@driven.com.my and we will put the photo up for public voting after 24th October. Top 10 individual finalists from 5 car clubs will be selected based on the highest number of votes. This means that we will be selecting 2 representatives from each car club hence multiple photo entries is highly recommended.

The finalists will then undergo a free engine lubricant change whereby the new Castrol EDGE with Titanium Fluid Strength Technology™ engine lube will be used. This Titanium Fluid Strength Technology is a new feature in Castrol EDGE lube that actively strengthens the oil.

It is designed to continuously respond and adapt to the engine’s different requirement including the severest possible pressures. It basically minimizes metal-to-metal contact and this results in the maximization of the engine performance.

The finalists will also get exclusive invites to participate in a 1-Day convoy drive on 12th November through some interesting driving roads in Malaysia. A dyno run will also be carried out before and after the drive event to allow the finalists to experience the high strength and durability of the Castrol EDGE lube.

After the drive, the finalists just have to submit a review of the Castrol EDGE engine lube and their experience of the drive event. 6 individuals from 3 car clubs with the top reviews will drive home with a 6-pack carton of the Castrol EDGE engine lube worth RM1200, each. The winning reviews will also be posted on this website :)

So what are you waiting for? Submit your photos right away! Contest starts today with photo submission ending on 24th October. You can also check out Castrol Malaysia’s Facebook page or go to Castrol EDGE’s website for more info.

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Perodua to acquire Yayasan Melaka land for new 3S Centre

Earlier today, Perodua entered into an agreement with Yayasan Melaka to acquire a piece of land at Kota Hang Tuah Jaya, Ayer Keroh, Melaka. This piece of property, measuring 1.77 hectares, will be used to build a new 3S (sales, service and spare parts) centre.

The purchase price is about RM7.7 million and Perodua will design the new facility to “incorporate the culture, tradition and history of Melaka,” according to Perodua MD Datuk Aminar Rashid Salleh at the signing ceremony. Datuk Tahir Bin Haji Hassan, VP of Yayasan Melaka, signed on behalf of the foundation.

Also planned at the location are a regional office and a training centre to cater for the southern region. There will also be facilities for human capital development, a body and paint (B&P) centre and stockyard.

The 3S service centre will have 25 service bays catering to about 2,500 vehicles per month. The B&P centre will have 30 bays. Construction of this new the outlet is expected to begin in the third quarter of 2012 and completed before the end of 2013.

Perodua currently operates two branches and five dealers in Melaka employing some 220 staff.

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