Posts Tagged ‘Volkswagen’

VW, Daimler and BMW brace for US tariffs as truce nears end

Munich • Investors in European carmakers are once again facing months of share volatility after the US circulated a draft report on tariffs and European ...

Volkswagen to leverage on strong online purchases

by NUR HAZIQAH A MALEK / pic by HUSSEIN SHAHARUDDIN
VOLKSWAGEN Passenger Cars Malaysia Sdn Bhd targets to leverage on strong online buying to sell ...

BMW cuts forecast on trade, pricing pressures

By BLOOMBERG
MUNICH • BMW AG cut its profit forecast, becoming the latest carmaker to succumb to pressures ranging from trade wars to scrutiny on ...

Porsche to cull diesel cars in shift toward EVs

By BLOOMBERG
FRANKFURT • Porsche AG will stop offering diesel versions of its cars, marking the latest blow for the technology that has come under ...

Prices of 5 car makes drop after SST

by BERNAMA / TMR file pix
Several makes of cars including imported ones recorded a price reduction of up to RM3,000 after the implementation of the ...

Toyota said to target tripling China production over next decade

Asia’s largest automaker is targeting to manufacture 3.5m vehicles annually in China by 2030
By BLOOMBERG TOKYO • Toyota Motor Corp ...

MBM profit doubles

By TMR
MBM Resources Bhd’s net profit more than doubled to RM34.55 million for its second quarter ended June 30, 2018 (2Q18), from RM16.15 million in ...

China’s latest move on trade is a massive cut to car tariffs

China’s levy will be lowered effective July 1 from the current 25% that has been in place for more than a decade
by BLOOMBERG BEIJING • China will cut ...
VW

Car prices 6% cheaper on zero-rated GST

Car dealers have begun preparing promotions to showcase their brands, in hopes this interim period will drive customers to buy
By RAHIMI YUNUS / Pic ...

VW CEO said to receive rare safe-passage deal from US

By BLOOMBERG
WASHINGTON • Not long after US authorities filed sealed charges against Volkswagen AG’s (VW) old CEO, they granted the new CEO a rare ...

Daimler upbeat on profit as luxury cars offset spending

FRANKFURT • Daimler AG struck an upbeat tone, calling for “slightly” higher 2018 earnings, as sales growth of its higher-priced Mercedes-Benz luxury cars ...

VW to Tesla set to win from China move

China’s cap for commercial vehicles will be eliminated in 2020 and that for passenger vehicles in 2022
by BLOOMBERG BEIJING • China will let foreign ...