Perodua targets 27 percent market share
Perodua aims to increase it’s automotive market share to 27 percent from the 25.3 percent it achieved in 2005. The latest Perodua Myvi waiting list statistics - 90,000 bookings so far, 45,000 delivered and 45,000 still on the waiting list, with 4000-5000 bookings piling up every month.
Perodua aims to produce 70,000 Myvis this year, with faster production of 7000 a month from now until July in hopes to clear off the backlog of frustrated customers who booked their Perodua Myvi and are still waiting for delivery. Many view smaller engines like the ones in Perodua cars as a way to save on fuel, especially for those who have no choice and cannot resort to motorcycles and scooters. While this is not always true, it is the public’s general perception.
BTW, I heard MAS needs RM4 billion to stay afloat. It will raise RM2 billion by itself and ask the government for the other RM2 billion. What good timing for the government to save RM4.4 billion in fuel subsidies. (Source: AP) Another good read is “Petrol price hikes: Time to invest heavily in public transport” by Aliran.
P.S.: You know who you are - go book your Myvi now!

Proton Holdings Bhd reported a net profit of RM86.51 million in Q3 which ended on December 31 2005, thanks to higher car sales and lower debt provisions. This is good, compared to the RM154.33 loss in Q2, but still 38.61% lower than the RM140.92 million profit in Q3 of the previous year.
I got a news flash from The Star’s SMS alert regarding a petrol price hike effective from Tuesday onwards, which is tomorrow. The journey home was pretty jam packed, with queues at every petrol station over-pouring onto the main roads. The price increase is 30 cents per litre for both petrol and diesel as well as 30 cents per kilogram for LPG.
Kia Motors Corp General Manager for Marketing William Choi mentioned in an interview with reporters at the Geneva Motor Show that Kia might consider using Naza Kia’s plant in Gurun, Kedah to cope with increasing regional and worldwide demand for Kia vehicles.
New scandal related to Approved Permits! The Royal Customs Department has uncovered 105 luxury cars worth nearly RM50 million which were imported using “recycled” APs while doing a routing inspection of 142 vehicles at the department’s AP inspection centre at Petaling Jaya.
The Project NEF engine aims to produce a high performance prototype engine without the need to resort to exotic materials or manufacturing technology, ensuring the transition from prototype to production with ease and speed. It was designed and developed by Lotus Engineering’s powertrain division.



