Archive for Cars

An 31 year old executive in Perodua has been detained by the Anti-Corruption Agency for arranging faster delivery for the Perodua Myvi car, which currently has a reported waiting list of seven months long.

The man had been working with certain Perodua dealers to enable their customers to get their Perodua Myvi delivered faster at an additional cost of about RM2-4K each. This fees was to be split 50-50 between him and the dealers.

The ACA also detained a 41-year old car dealer from Klang involved in this scheme. One that is found guilty of corruption can be fined up to RM10,000 or five times the bribe amount, whichever is higher, and between two weeks to 20 years in jail.

The Star reports initial investigations have shown the man had transactions which earned him up to RM40-50K so far. That would mean a RM200,000 fine.

Source: The Star

General Motors is selling it’s 20% stake in Fuji Heavy Industries at significant loss at about USD$ 735 million, compared to the USD$ 1.3 billion it paid in the year 2000.

Click here to read the rest of GM sells Subaru shares to Toyota

Lamborghini will be building a SUV based on the same platform as it’s parent Audi’s Audi Q5.

Concept Art

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This is Nissan’s AZEAL Coupe Concept. Don’t be fooled by it’s expensive looks, it’s meant to be an affordable entry-level performance vehicle to target young buyers. Think Scion and you’ll know what they’re trying to do.

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Volkswagen has unveiled details on it’s most powerful Polo model to date, the Volkswagen Polo GTI. The Volkswagen Polo GTI will debut at the Tokyo Motor Show in Japan later this month.

Click here to read the rest of 2006 Volkswagen Polo GTI

In a report by StarBiz, UMW Toyota has indicated 2006’s new model line-up will focus mainly on CBU models instead of CKD models. Rumoured models are Toyota Vitz, Toyota Wish and Toyota Harrier.

Click here to read the rest of UMW Toyota 2006 offerings to be CBU

Perodua has revised it’s break-even timeline to 2 years and 3 months instead of the original 3 years for the Perodua Myvi’s investment of RM210 million based on overwhelming sales.

Click here to read the rest of Myvi break-even sooner than expected

The future is CVT, at least in Nissan’s eyes. Nissan is ramping up CVT installations up to almost 40% of total vehicles sold, which are about 400,000 vehicles a year in North America alone.

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The raising retail petrol prices at the pumps have been hurting the dealers as well as consumers. President of Petroleum Dealers Association of Malaysia Alang Zari Ishak mentioned in a report to Bernama on Monday that dealers have had to pump in extra working capital to purchase stocks that don’t contribute to revenue.

Petrol dealers currently get 8 cents sales margin per litre of petrol and 3.5 sen per litre for diesel. These figures have not changed since 2001, even though fuel prices have been hiked a few times.

Click here to read the rest of Petrol Stations to stop accepting credit card payments?

This is the third J.D. Power Asia Pacific 2005 Malaysia Initial Quality Study (IQS) conducted so far. The study measures new-vehicle quality in the first two to six months of ownership.

Click here to read the rest of J.D. Power Malaysia Quality Study