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Aston Martin losses balloon ahead of new model ramp up

Apr 30, 2024 | carsifu.my | George Wong

LONDON: Aston Martin posted a bigger-than-expected first-quarter pretax loss on Wednesday as the British luxury carmaker made fewer cars and burned more cash than analysts anticipated. Aston Martin, which has launched several new cars over the past year including its next generation sports cars the DB12 and Vantage, stopped production of old models ahead of the ramp up in production of fresh models later this year.
China’s cheap EVs redraw the map of where cars get made

Apr 22, 2024 | carsifu.my | George Wong

FRANKFURT: China is set to change the map of global automaking by stepping up electric-car exports that will intensify mass-market competition, according to the International Energy Agency. Companies like BYD Co. and SAIC Motor Corp.-owned MG produced more than half of all electric cars sold last year, the IEA said in its annual electric vehicle outlook report.
Audi sticking to EV strategy despite challenges, says CEO

Mar 20, 2024 | carsifu.my | George Wong

INGOLSTADT: Audi chief executive Gernot Doellner said on Tuesday that the Volkswagen subsidiary was sticking to its electric vehicle strategy despite facing challenges this year. Audi remains committed to bringing the last vehicle with a combustion engine onto the market in 2026, Doellner told journalists at an event in the German town of Ingolstadt, with the dates set even if the details of how it's done are flexible.
Rich Americans keep high-end RV company rolling along

Mar 18, 2024 | carsifu.my | George Wong

OXNARD (California, USA): Most US recreational vehicles - those behemoths of the roadway often resembling box cars that accidentally wandered off the rails - roll out of gritty factories in the gray environs of Elkhart, Indiana, and aim to satisfy the wanderlust of largely middle-income customers. Then there's the Bowlus, a very expensive travel trailer that can be towed by a Porsche sports car, no pick-up truck required.
PLUS is now trialing credit and debit card toll payments at the Penang Bridge

Mar 17, 2024 | carsifu.my | George Wong

PETALING JAYA: PLUS Malaysia announced on March 15 that it has started pilot testing the open payment toll collection system at the Penang Bridge, allowing commuters to use credit and debit cards for toll payments. The toll concessionaire wrote via its Facebook page that transactions via debit and credit card can be conducted at lanes displaying the MyDebit, Visa, and Mastercard logos.
Porsche’s new Macan and 911 put a damper on profitability

Mar 13, 2024 | carsifu.my | George Wong

FRANKFURT: Porsche AG expects weaker returns this year due to the costly rollout of new models and high development spending in a challenging global economy. Operating margin is set to come in between 15% to 17%, weaker than analyst expectations and below the company’s mid-term goals. Porsche has flagged 2024 as a transition year with a record four new model launches weighing on sales and profit.
One death every two hours due to motorbike accidents in Malaysia, says JPJ

Feb 28, 2024 | carsifu.my | George Wong

JOHOR BARU: A death occurs every two hours due to motorcycle accidents in Malaysia, says the Road Transport Department (JPJ). Its senior enforcement director Datuk Lokman Jamaan(pic) said the worrying trend was based on statistics gathered over the past two years. "In 2022, a total of 6,080 individuals were killed in road accidents nationwide. The number went up to 6,344 last year. "About 4,000 of these deaths are those involving motorcycles.
Small Croatian town builds stone Mercedes monument for migrant workers

Feb 16, 2024 | carsifu.my | George Wong

An artist working on a life-size Mercedes monument in Imotski, Croatia.— All photos by Reuters IMOTSKI (Croatia): Local Croatian sculptor Roko Drzislav Rebic is carving a life-sized stone replica of a Mercedes-Benz Minika car as a monument to the thousands of workers who left their homeland in search of a better fortune abroad.
Tesla trumps BYD in China sales efficiency with real-time strategy

Jan 4, 2024 | carsifu.my | George Wong

SHANGHAI: Tesla's strategy in China of real-time, aggressive management of its sales staff is giving its stores an edge over dealerships offering BYD and other brands in the world's largest auto market, according to three people with knowledge of the matter. The US company in the fourth quarter lost its crown as the world's biggest electric vehicle seller to China's BYD , but during the first 10 months of 2023 both companies grew their share of a slowing and highly competitive Chinese EV market.
Experts: Guard data in Padu zealously and fortify it

Jan 3, 2024 | carsifu.my | George Wong

PETALING JAYA: There is a pressing need to fortify the government’s newly launched Central Database Hub (Padu) and zealously guard the privacy of the massive amounts of information in it, data security experts have warned. Former Malaysian Communications and Multimedia Commission (MCMC) chairman Dr Fadhlullah Suhaimi Abdul Malek said the risk of a data breach will always be there. “On Padu as a database, I am sure they have considered the security aspects. ‘How secure’ is always a question.