TOKYO, May 13 — Japanese automaker Nissan Motor Co plans to cut around 20,000 jobs worldwide — more than double the number announced last November — as part of deeper restructuring efforts to revive its struggling business.

KUALA LUMPUR, April 28 — Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is expected to benefit the most from Malaysia’s automotive industry in 2025, driven by forward-buying interest due to the deferment of new excise duty regulations until the end of the year.

KUALA LUMPUR, April 18 — RHB Investment Bank Bhd (RHB IB) has maintained a ‘neutral' recommendation for the automotive and automotive components sector.

KUALA LUMPUR, March 24 — The top 15 per cent (T15) income bracket fuel subsidy eligibility criteria, to be finalised by mid-2025, may push some consumers to downgrade their vehicle choices or switch to electric vehicles (EVs), according to MIDF Research.

KUALA LUMPUR, March 6 — Bursa Malaysia opened higher today, tracking the rally on Wall Street overnight as the United States (US) automotive makers get temporary tariff reprieve, but it retreated thereafter on selling pressure.

KUALA LUMPUR, Aug 7 — National carmaker Proton Holdings Bhd (Proton) hit a milestone in July, selling 2,585 units of its revamped 2024 Proton X50, just weeks after its June 4 debut.

KUALA LUMPUR, April 22 — Infamous among Malaysians for the antics of its drivers on the road, the Perodua Myvi has garnered a devoted following since its domestic launch back in 2005.

SHAH ALAM, March 14 — Sultan of Selangor Sultan Sharafuddin Idris Shah Alhaj has commended global tyre manufacturer Goodyear for its contribution to the Selangor and Malaysian economy and automotive sector over the past five decades His Royal Highness made the statement following the...

KUALA LUMPUR, Jan 29 — Proton Commerce Sdn Bhd, the financing arm of Proton, is eyeing an even higher number of loan disbursements in 2024 as it strives to be the number one financier of the national carmaker’s vehicles.

KUALA LUMPUR, Dec 5 — Allowing the import of completely built-up (CBU) cars with small engine capacity will lead to the dumping of such vehicles in the local market and hamper the government’s goal of developing the local automotive industry, said Deputy Investment, Trade and Industry Minister Liew Chin Tong.

KUALA LUMPUR, Oct 13 — RHB Research expects the total industry volume (TIV) to ease to a more normalised level in 2024, likely to be between 600,000 and 650,000 unit range, despite continuously driven by lower-priced vehicles amidst the high interest rate environment.

KUALA LUMPUR, Sept 27 — As the government is ramping up green initiatives in the automotive industry, the Malaysian Automotive Association (MAA) is proposing incentives under the Budget 2024 to be given to all types of electrified vehicle (xEV) rather than just electric vehicle (EV), in order to popularise xEV in Malaysia.

KUALA LUMPUR, Sept 7 — Proton Holdings Bhd’s (Proton) sales have crossed the 100,000-unit threshold with 13,955 units delivered in August 2023, bringing total sales so far this year to 104,602 units.

UMW HOLDINGS-RESULTS KUALA LUMPUR, Aug 29 — UMW Holdings Bhd’s net profit almost tripled to RM303.55 million in the second quarter ended June 30, 2023 from RM107.19 million in he second quarter of 2022 on the back of gains from the sale of an industrial land in Serendah. Revenue...

KUALA LUMPUR, April 10 — Perodua has maintained its positive production and sales momentum in March, with production at 33,666 units and sales at 32,179 vehicles.

KUALA LUMPUR, March 3 — Proton sold 14,033 units of vehicles in February 2023, comprising domestic and export, up 52 per cent compared with the same month last year.

KUALA LUMPUR, Feb 21 — RHB Investment Bank Bhd (RHB IB) is expecting the automotive industry to see strong earnings growth in the first quarter of 2023 (1Q 2023) and 4Q 2022 as automotive companies are in the final stretch of fulfilling the Sales and Service Tax (SST) — exempted orders before June 30.

PETALING JAYA, Feb 18 — The Ministry of International Trade and Industry (Miti) is encouraging the introduction of more affordable electric vehicles (EVs) in Malaysia in order to advance the country’s EV industry.

ALOR SETAR, Feb 3 — Malaysia can become the automotive hub for the Asean market, said Minister of International Trade and Industry Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

KUALA LUMPUR, Jan 25 — Malaysia’s automotive total industry volume (TIV) hit a record high of 720,658 units in 2022, breaking the previous record of 666,598 units set in 2015.