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Update news carmakers
The temporary 50 per cent cut in registration fees for locally-made cars starting from June 2020, which aimed to encourage domestic production through the global health crisis, may not extend into 2021,
VietNamNet Bridge - The tariff cut to zero percent will pave the way for imports from ASEAN to flood Vietnam, but analysts do not think low-cost cars will be available by 2018.
U.S. President-elect Donald Trump targeted Toyota Motor Corp (7203.T) on Thursday, threatening to impose a hefty fee on the world's largest automaker if it builds its Corolla cars for the U.S. market at a plant in Mexico.
Rapidly evolving technology is upending the traditional pecking order in the luxury car market, which until now has operated on the principle that bigger is better.
VietNamNet Bridge – Auto importers have petitioned the Prime Minister to delay a new Government decree on special consumption tax on automobiles, saying they need time to cope with any impact.
The persistent rumours about Apple building some kind of car have felt at times like they were powered purely by Apple fans desperate for something new and exciting,
VietNamNet Bridge – Automobile manufacturers said a new proposal by the HCMC Department of Transport to restrict private car ownership goes against the Government’s strategy to develop the automobile industry into a strong one.
Steel consumption increase ‘shortlived'; Building material businesses on verge of bankruptcy; US$200 million shopping centre to take shape in Hanoi; Footwear businesses receive orders until Q3