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Topsy-turvy Honda Closes UK Factory

May 21, 2014

Despite the upbeat sales report from the European Automobile Manufacturers Association and the Society of Motor Manufacturers and Traders in the UK reporting output growth in the UK, the topsy-turvy saga that has plagued the car giant’s time at South Marston, near Swindon, seems to have finally come to an abrupt end. The announcement has been made that car plant two will be closing leading to the loss of some 500 jobs; these job losses follow on from the 592 job losses last year.

Growth Returns To The Euro Car Zone

May 20, 2014

Sounds like it was all good news recently for the car industry. The European Automobile Manufacturers Association announced that sales of new cars had risen for the eighth month in a row.

Terra Motors To Set Up Manufacturing Hub In The Philippines

May 17, 2014

Terra Motors, Tokyo-based automaker of electric two and three-wheelers, has managed to raise funds totalling USD10 million from Japanese and American investors. Although a humble amount, it is sufficient for the start-up to begin executing plans to establish its manufacturing hub in the Philippines.

Terra Motors To Set Up Manufacturing Hub In The Philippines

May 17, 2014

Terra Motors, Tokyo-based automaker of electric two and three-wheelers, has managed to raise funds totalling USD10 million from Japanese and American investors. Although a humble amount, it is sufficient for the start-up to begin executing plans to establish its manufacturing hub in the Philippines. With the expanded capacity, Terra Motors aims to sell a total of 100,000 electric-powered vehicles in the Asian markets, including India, Bangladesh, Indonesia, Thailand and Taiwan, by 2015.

50% More Is A Fair Price

May 16, 2014

Within the few short months since November 2013, Tesla has received numerous deposits for their Model S and Model X SUV from buyers in China. Final selling prices had not even been determined until late last month. Such is the success of Tesla’s brand that the Chinese were willing to get a foot in regardless of the vehicle’s final price tag.

LCGC Continues to Drive Indonesia’s Auto Industry

May 12, 2014

Despite the rising costs, higher loan interests and slow economic growth, Indonesia’s automotive industry is expected to experience a decent growth in 2014, largely due to the LCGC programme that continues to drive the industry by opening up the low-to-medium income market.