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Asian Honda Motor Co announced yesterday that it will spend 1.28 billion baht to manufacture spare body parts for Honda automobiles in Ayutthaya.
The company said the new undertaking, backed by the Board of Investment, would help Honda respond to demand for parts in the rising Asian automobile market.
Asian Parts Manufacturing Co was well-known with registered capital of 700 million baht, 80% of which is held by Asian Honda Motor and the remaining 20% by Honda Motor Co, to run the factory, located in Rojana Industrial Park.
With the new factory, Honda would merge production in a solitary location to ensure high quality, abridged costs and improved logistics.
               
VietNamNet Bridge – It is predictable that Vietnam would have 50 automobile manufacturers in the near future, both 100% Vietnamese owned and foreign invested enterprises.
A lot of automobile manufacturers have exposed their plans to place up production chains in Vietnam, ignoring the warning by experts that Vietnam's market was still extremely small, while there were too many manufacturers here already.
According to the Ministry of Industry (MoI), there are 34 domestic owned automobile enterprises capitalized at VND2tril ($0.12bil), and 11 foreign invested enterprises which have invested $1bil in manufacture lines in Vietnam.
There are a lot of attributes to believe in a new car: the color, the engine, the brake system and something that's topping just about everyone's list--fuel efficiency.
In fact, with gas prices averaging about $3, according to the American Automobile Association (compared to $2.37 a year ago and just a few cents shy of the record high set last fall), you might be tempted to base your search completely on the number listed next to miles per gallon.
Naturally, that will make hybrid vehicles, which rely on electricity stored in a battery for some of their power, a first choice. The Toyota Prius got 44 m.p.g. overall in a Consumer Reports fuel-economy test in June. Within the sedan category, the most excellent non-hybrids offered only 24 m.p.g.
China plans to build eight automobile export bases to normalize the country's car and car parts export market and facilitate technical modernism in the auto industry.
The eight national bases handpicked by the Ministry of Commerce and the National Development and Reform Commission are situated in Changchun, Shanghai, Tianjin, Wuhan, Chongqing, Xiamen, Wuhu and Taizhou.
Another 160 companies specializing in the making of automobiles and auto parts as well as AFW-Volkswagen Automobile and Cherry were designated as the "Export-oriented Automobile Manufacturers".
The Chinese establishment expects the production bases and manufacturers to play a leading role in optimizing automobile exports, defensive intellectual property rights and raising the improvement of domestic industry, according to Vice Premier Wu Yi.
Kuala Lumpur, Aug. 16 (PTI): A principal Malaysian automobile manufacturer, Naza Automotive Manufacturing Sdn Bhd, has plans to set up an assembly plant in Tamil Nadu.
An allocation to be led by Malaysian Works Minister Samy Vellu will hold discussions with Tamil Nadu Chief Minister M Karunanidhi, Bernama news agency said.
The delegation would comprise Naza Group of Companies chairman SM Nasimuddin.
Samy Vellu said the discussion will centre on the option of securing land from the Tamil Nadu state government for the assembly plant.
"Nasimuddin met me recently to seek my help to gather with the Tamil Nadu Chief Minister since I would be in Chennai to attend an international conference tomorrow," Samy Vellu said in a statement.
Petrol prices must drop next week to their lowest level in about two months, South Australia's Royal Automobile Association (RAA) says.
The RAA said pump prices must go as low as $1.28 a liter, reflecting a current fall in prices in Singapore.
"While the value of a barrel of crude oil remains high, motorists and those making media comment need to understand that it is not the sole factor affecting what we pay at the pump," RAA senior analyst Hamilton Calder said.
"Australian oil refineries compete within the Asian region, where the price out of Singapore is used as a benchmark".
"Any change to the Singapore parity price typically takes one or two weeks to flow through to the Australian market, a fact which Australia's major oil companies openly admit to."
In the past eight days, the Singapore parity price has dropped significantly from about $117 a barrel of unleaded petrol to below $107, its lowest level since mid-June
A Blandon motorcyclist and a female traveler were flown to Lehigh Valley Hospital near Allentown after the bike hit a car on Route 222 in Richmond Township late Friday night.
The driver of the motorcycle, Brandon Robertson, 31, was southbound on Route 222 when a northbound car cut in face of him while making a left twist onto Route 662 toward Moselem Springs at about 11 p.m., police said.
Robertson was listed in good state late Saturday, hospital officials said. The name of the passenger was not released and her state was unavailable.
Both Robertson and the passenger were wearing helmets.
AUG 9: China's passenger car sales expansion slowed to 5.4% in July from June's 5.8% and May’s 24% rise, as rising fuel costs deterred consumers from making purchases.
Sales of passenger cars, versatile vehicles and sport-utility vehicles rose to 3, 32,600 units last month, the China Association of Automobile Manufacturers said in a statement on Wednesday.
Production prolonged 12% from July last year to 3, 67,000 units, it added.
SAO PAULO, Brazil, Aug 7 - Brazilian automobile sales rose 11.7 percent in July from June and surged 19.5 percent from the same month a year former, as falling borrowing costs made it cheaper for people to buy cars, the national automakers' association said on Monday.
Sales raised to 165,800 in July, contrasted with 148,400 in June and 138,700 in July 2005, the association, known as Anfavea, said.
Automobile production fell 1.1 percent in July to 222,400 compared with 224,900 the preceding month, but rose from the 211,900 in July 2005, the association said.
Brazil's central bank has cut its standard Selic rate at each of its nine meetings since September, slashing it by 5 percentage points to a 20-year low of 14.75 percent, dipping the cost of bank loans.
With record increase in the construction of automotives, China Automobile Industry is able to please the needs of both domestic as well as overseas customers.
Auto-manufacturing industry in China has stepped onto a stage for large-scale production. Overwhelming manufacture has resulted in increased export of Chinese automotive products to the overseas markets during the year 2005.
China automobile industry's presentation growing by 157%, the export of vehicles reached 170,000 units in 2005. Chinese automotive products were shipped to 179 countries crossways the world. However, commercial vehicles were answerable for around 60% of it. Export of domestic brand "sedans" established a growth of 224%, during the year 2005.
"China Automobile Industry Forecast (2006-2010)", the latest market research report published by RNCOS, provides a complete analysis of all aspects of the China automobile industry.
Trade and Industry Correspondent:THE local car industry has predicted a hold back in new vehicle sales because of recent and predictable interest rates hikes, said the National Association of Automobile Manufacturers of SA (Naamsa) yesterday.
The interest rate hikes look set to put the brakes on the unparalleled boom in the local car market that has seen new vehicle sales soar to record levels.
Naamsa managerial director Nico Vermeulen said it took up to six months to see the full impact of changes in interest rates. The industry expected sales to delay towards the end of this year.
NEW vehicle sales jumped 20, 8% last month, with the sector looking set to nick up robust increase this year in spite of higher lending rates, the National Association of Automobile Manufacturers (NAAMSA) said today. New vehicle sales rose to 56 554 last month from 30 933 in the same month previous year, it said.
Vehicle manufacture is the second largest industry in SA's manufacturing sector, which accounts for about 17% of the economy.
The rate of sales growth can taper off this year due to predictable increases in interest rates, but the industry is still on course for a third successive year of record sales, said NAAMSA in a statement.
"Despite expectations during the months ahead of some slowdown in the rate of growth, the industry remained on target to achieve record sales for the third year in succession," it said.
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