auto industry

 
 

Detroit auto show begins amid talk of NAFTA, tax cuts

DETROIT: The Detroit Auto Show shifted into full gear with international trade and tax cuts dominating the conversation, even as an optimistic industry raced to meet Americans’ seemingly insatiable appetite for trucks and SUVs. In a keynote address US transportation secretary Elaine Chow touted the tax cuts, which reduced the US corporate tax rate from […]


Renault-Nissan-Mitsubishi launch US$1 bln venture capital fund

auto_japan.jpg_1515558621

The Renault-Nissan-Mitsubishi alliance said it is setting up a venture capital fund that plans to invest as much as US$1 billion over five years, the latest move by major carmakers as they seek to adapt to rapid industry change by investing in startups. TOKYO: The Renault-Nissan-Mitsubishi alliance said it is setting up a venture capital fund that plans to invest as much as US$1 billion over five years, the latest move by major carmakers as they seek to adapt to rapid industry change by investing in startups. It is setRead More


CFO: Continental to flesh out possible overhaul by the summer

NEW YORK, Jan 10 — Germany’s Continental is in talks with banks about a possible structural overhaul of the auto parts and tire maker and aims to flesh out its plans within six months, its finance chief said. The Hanover-based group said…


Toyota, Mazda to build US$1.6b plant in Alabama

ALABAMA, Jan 10 — Alabama will be the site of a new US$1.6 billion (RM6.41 billion) Toyota Motor Corp and Mazda Motor Corp auto plant, a victory for President Donald Trump who had prodded manufacturers to build new US facilities and threatened…


Businesses like investment tax breaks, but will they spend? (VIDEO)

NEW YORK, Dec 20 — Jerry Zeitler says a sweeping Republican tax overhaul will encourage him to take a bigger bite next year out of his US$3 million (RM12.24 million) wish list of new equipment for the metal-stamping operation he runs outside…


Digital gamechangers in finance, insurance

Malaysia is on the cusp of innovation in economic and financial sector development. This was evident during the weekend of November 24 to 26, 2017 during the Karnival Kewangan Sarawak. An effort by Bank Negara Malaysia, the carnival serves as a spot for financial and non-financial services both public and private to meet and peddle […]


Volkswagen exec gets seven years for US emissions fraud

DETROIT, Dec 7 — A US-based Volkswagen AG executive who oversaw emissions issues was sentenced to seven years in prison and fined US$400,000 (RM1.62 million) by a judge yesterday for his role in a diesel emissions scandal that has cost the…


AmBank launches auto finance instant approval service

KUALA LUMPUR: AmBank this morning introduced the Mobile Application Terminal (MAT), Malaysia's first digital auto finance instant approval service.

MAT allows users to submit loan applications, capture documents' images as well as obtain immediate approval within 30 minutes if all required conditions are fully met.

AmBank managing director of retail banking Jade Lee said with the launch of MAT, it hopes to strengthen its brand presence in the auto industry market by positioning AmBank as the top-of-mind brand among car buyers.

MAT has been deployed since July 1 to 138 AmBank sales advisors and has received over 2,400 hire purchase applications via the terminal nationwide.


NAFTA talks hit wall as Mexico, Canada push back on US demands

MEXICO CITY: The United States, Mexico and Canada failed to resolve any major differences in a fifth round of talks to rework the NAFTA trade deal, drawing a swift complaint from the Trump administration that the lack of progress could doom the process. The three nations have vowed to continue talks on the North American […]


NAFTA nations lock horns on US auto demands as fifth round ends

MEXICO CITY: Negotiators from the United States, Mexico and Canada squared off yesterday for the last time in a fifth round of talks to rework the North American Free Trade Agreement, with stalemate brewing on a contentious proposal to ramp up regional content for autos. Officials and lobbyists say Mexico and Canada will firmly push […]