The Prime Minister of Cambodia, Hun Sen, has announced that the country is expected to exceed growth forecast of 7%. The country’s economy had maintained a steady 8% growth since 2004, with a slight slowdown during the 2008 economy downturn, but is regaining a strong footing as its main economy of agriculture, garment export and tourism continues to develop robustly.
The recent Geneva Motor Show seemed to be more focussed on the Chinese market than the host region Europe. Of course there is a good reason for this – China is seen as one of the last great marketing opportunities for brands that want to be considered truly global. China has a youngish population, a growing and increasingly affluent middle class and what can only be viewed as an insatiable appetite for brands and luxury engineering.
Automology’s new guest writer, EDE, examines Apple’s latest feature for your driving pleasure.
For a relatively small regional car manufacturer, the development of new marques to compete with the mega automakers in the rest of the world is an expensive business.
Shares of DRB-Hicom Holdings, the parent of Proton, were down by as much as 7 cents at the start of the week as the national carmaker still manages to bleed red ink while its market share shrinks further.
With Thailand tottering on the throne, will Indonesia or Malaysia usurp its place? Guest writer, EUGYNE, reports.
Thailand has led the South East Asian automotive industry for many years now, but will they be able to maintain the coveted position henceforth? The floods in 2010 and the frequent protests in recent months have forced foreign carmakers to decamp and seek alternative ‘pastures’.