Honda and Toyota Models Earn Two APEAL Segment Awards Each; Isuzu Receives One Award
Engine and transmission performance for passenger cars and audio/entertainment/navigation system performance for pickup trucks are becoming more important to new-vehicle owners in Thailand, while the importance of fuel economy has declined across the industry, according to the J.D. Power Asia Pacific 2009 Thailand Automotive Performance, Execution and Layout (APEAL) StudySM released today.
Now in its seventh year, the APEAL Study is an owner-reported measure of what gratifies owners in Thailand about their new vehicle’s performance and design during the first two to six months of ownership. The study examines nearly 100 attributes covering 10 vehicle categories: exterior; interior; storage and space; audio/entertainment/navigation; seats; HVAC; driving dynamics; engine/transmission; visibility and driving safety; and fuel economy. APEAL study performance is reported as an index score based on a 1,000-point scale, with a higher score indicating higher satisfaction.
The overall APEAL score in 2009 averages 871, down by five points from 2008. Satisfaction in 2009 has decreased from 2008 in seven categories, with only three categories—fuel economy, seats, and HVAC—improving in 2009.
“It is worth noting that satisfaction has decreased in seven categories in Thailand in 2009 and increased in only three,” said Loic Pean, country manager at J.D. Power Asia Pacific, Bangkok. “In an increasingly competitive market where vehicle quality is showing great improvement, it is critical for automakers to distinguish themselves from their competitors by creating product differentiation through performance and design.”
Model Results by Segment
The Honda Jazz ranks highest in the entry midsize car segment for a second consecutive year with an overall APEAL score of 869. The Nissan Tiida (856) and Toyota Yaris (851) follow in the segment rankings.
In the midsize car segment, the Honda Civic (880) ranks highest. Following the Honda Civic in the segment rankings are the Mazda3 (878) and Toyota Corolla Altis (875).
Among sport utility vehicles, the Isuzu MU-7 (897) ranks highest, and is followed by the Mitsubishi Pajero Sport (884).
In the pickup extended cab segment, the Toyota Hilux Vigo Prerunner Smart Cab (891) ranks highest, followed by the Isuzu D-Max Spacecab/Rodeo (882).
In the pickup double cab segment, the Toyota Hilux Vigo Prerunner (897) ranks highest and is followed in the rankings by the Toyota Hilux Vigo (884).
Additional Industry Findings
The study finds that owners of pickup trucks and utility vehicles in Thailand are more satisfied, on average, than owners of passenger cars.
However, while overall satisfaction among passenger car owners is not as high as that of pickup and utility vehicle owners, overall passenger-car owner satisfaction has increased by three points in 2009 compared with 2008, to an average of 862. Meanwhile, overall satisfaction among pickup owners and utility vehicle owners has declined from 2008 by six points and three points, respectively.
“In 2009, we have observed an increase in consumer interest in passenger-car models, mostly due to significant improvements in fuel economy in these models,” said Pean. “However, satisfaction levels for pickup truck models are still higher than those of passenger car models, on average, indicating that pickups are still very popular among owners in Thailand.”
The study also finds that, among owners with particularly high levels of satisfaction (averaging 900 or higher), 81 percent say they “definitely would” recommend their vehicle model. In contrast, among owners with lower levels of satisfaction, fewer than 59 percent say they “definitely would” recommend their model.
“In order to retain repeat buyers and foster word of mouth advocacy for their brand, manufacturers need to focus on producing vehicles with features and styling that go beyond satisfying owners to truly gratifying them,” said Pean. “This is likely a key reason why the importance of audio and navigation system performance has increased among new-vehicle owners in Thailand.”
The 2009 Thailand APEAL Study is based on evaluations from 3,518 owners who purchased their new vehicle between October 2008 and July 2009. The study includes 58 different passenger car, pickup truck and utility vehicle models covering 11 makes. The study was fielded between April and September 2009.
Wednesday, December 16, 2009
Campaign "Pleasurable Journey, Lexus’ Pride"
Lexus Bangkok welcome the greeting season for superior and safety travel during the coming New Year festival with the launch of “Pleasurable Journey, Lexus’ Pride” campaign set to give privileges to Lexus customers. Under the campaign, the customers will enjoy free 24-item check-up for their Lexus vehicles, together with special discounts for brake pads and choke up of up to 20% plus another 10% discount for synthetic lubricant and lubricant filter. All models of Lexus vehicles will be able to receive the free check-up service from today until January 31 next year at Lexus Bangkok Service Center.
Monday, December 7, 2009
Meet MAZDA Sports Cars at the Motor Expo 26th leading by the New Mazda CX-9; a Luxury Zoom-Zoom 7-Seater Crossover
Lightweight Technology adds spice to the new Mazda2
Mazda Sales Thailand revealed that Mazda Zoom-Zoom concept will be enhanced at the 2009 Motor Expo event. All models will be displayed in "A Soul of Sports Car" family from small sports car new Mazda2, distinguished design Mazda3, sports pick-up truck BT-50, world Guinness record sports roadster MX-5 to the luxury crossover new Mazda CX-9.
At Impact Challenger, Muangthong Thani, Mazda customers will experience a brand new technique of vehicle presentation. Mazda's "Lightweight Technology is displayed at this show after it has been globally recognized by the success of fun-to-drive sports roadster MX-5. Customers will also enjoy special offers vary from low interest rate 1.99% for Mazda3 and minimal monthly installment at 6,666 baht for popular BT-50 Hi-Racer.
John Ray, Managing Director of Mazda Sales Thailand said that "In the current highly competitive market, the launch of the New Mazda2 is a strategic move that helps strengthen Mazda brand and make Mazda emerge as a HIT brand in Thailand. Our recent launch of the New Mazda2 is a remarkable success and will prove to be a key milestone in the 58 year history of the Mazda’s business in Thailand. The quality attributes of the Mazda2 are demonstrated with this car winning 51 awards worldwide including the prestigious 2008 World Car of the Year award. Only two weeks after its introduction, the New Mazda2 has been overwhelmingly received by Thai consumers and has achieved customer orders over 2,800 units".
Today at the 2009 Motor Expo, you will also experience the launch of the new Mazda CX-9, the luxury 7-seater crossover. The New Mazda CX-9 combines the exhilaration of Mazda's sports heritage with premium craftsmanship and luxury appointment a best in class crossover SUV.
The new Mazda CX-9 offers all senses of sports luxury SUV that comes with a piece of mind package of 3 years/100,000 kilometers Scheduled Maintenance package and 24hr. Roadside Assistance service at the retail price of 3,690,000 Baht.
John adds that "There are more to excite at Mazda. The award winning, all-time favorite Mazda3 continues to gain popularity with a market share growth YOY of almost 37%. We also have the world’s best selling sport roadster, the Mazda MX-5 and our powerful sport pickup, BT-50 with intelligent DE-S suspension for superior handling. We are also offering an exciting range of special promotional campaigns for new Mazda customers that are available only at the Motor Expo. Most significantly, we will continue to make every effort to further enhance our sales and after-sales service strategies with customer satisfaction always our top priority."
Mazda Motor Expo deal: The New BT-50 sport pickup FSC VCD, V Hi-Racer and V Hi-Racer+ models, with intelligent DE-S suspension system, offers a low interest rate starting at only 0.99% or FSC V CD get the lowest monthly installment at 6,666 Baht and one-year full coverage insurance. The Mazda3, entry price 777,000 Baht, offers a low interest rate starting at 1.99%, a maintenance package for up to 3 years or 60,000 kilometers and one-year full coverage insurance. New Mazda MX-5 offers 5 years warranty, a maintenance package for up to 3 years or 100,000 kilometers and one-year full coverage insurance. The promotion runs until December 13, 2009.
Furthermore, customers who purchase New Mazda2 and New Mazda CX-9 will get one-year full coverage insurance. First 2,000 customers who reserve and purchase New Mazda2 within this year will get The Twilight SAGA: New Moon imported premium from USA worth 500 Baht, such as wristwatch, T-Shirt and dog tag. Special offering in Motor Expo event at Impact Challenger, the prospects who do test drive will get the limited Zoom-Zoom mug worth 199 Baht and the first 1,000 customers who do booking will get Zoom-Zoom bag worth 999 Baht when purchase by December 31, 2009.
The 26th Thailand International Motor Expo will open for public from December 2 – 13, 2009 at Impact Challenger 1 – 3.
There’s no better way to experience the dynamic and ultimate ‘Zoom-Zoom’ driving excitement than being behind the wheel yourself, so I would urge you to test drive a Mazda vehicle at the Motor Expo. Test drive is also available at Mazda 106 authorized showrooms nationwide.
Mazda has a 58 year-old relationship with Thailand and, through a strong dealer network, will continue playing a major role in the development of the Thai economy. The company aims to be a car company that brings back childhood emotions by providing vehicles that are daring, ingenious and fun through the Zoom-Zoom concept. The company is dedicated to improving and maintaining a high level of user- friendly after-sales services as customer delight is our first priority. Mazda will turn its brand success to benefit its customers by providing a wider dealer network. The company is operated with business ethics and social responsibilities.
Mazda Sales Thailand revealed that Mazda Zoom-Zoom concept will be enhanced at the 2009 Motor Expo event. All models will be displayed in "A Soul of Sports Car" family from small sports car new Mazda2, distinguished design Mazda3, sports pick-up truck BT-50, world Guinness record sports roadster MX-5 to the luxury crossover new Mazda CX-9.
At Impact Challenger, Muangthong Thani, Mazda customers will experience a brand new technique of vehicle presentation. Mazda's "Lightweight Technology is displayed at this show after it has been globally recognized by the success of fun-to-drive sports roadster MX-5. Customers will also enjoy special offers vary from low interest rate 1.99% for Mazda3 and minimal monthly installment at 6,666 baht for popular BT-50 Hi-Racer.
John Ray, Managing Director of Mazda Sales Thailand said that "In the current highly competitive market, the launch of the New Mazda2 is a strategic move that helps strengthen Mazda brand and make Mazda emerge as a HIT brand in Thailand. Our recent launch of the New Mazda2 is a remarkable success and will prove to be a key milestone in the 58 year history of the Mazda’s business in Thailand. The quality attributes of the Mazda2 are demonstrated with this car winning 51 awards worldwide including the prestigious 2008 World Car of the Year award. Only two weeks after its introduction, the New Mazda2 has been overwhelmingly received by Thai consumers and has achieved customer orders over 2,800 units".
Today at the 2009 Motor Expo, you will also experience the launch of the new Mazda CX-9, the luxury 7-seater crossover. The New Mazda CX-9 combines the exhilaration of Mazda's sports heritage with premium craftsmanship and luxury appointment a best in class crossover SUV.
The new Mazda CX-9 offers all senses of sports luxury SUV that comes with a piece of mind package of 3 years/100,000 kilometers Scheduled Maintenance package and 24hr. Roadside Assistance service at the retail price of 3,690,000 Baht.
John adds that "There are more to excite at Mazda. The award winning, all-time favorite Mazda3 continues to gain popularity with a market share growth YOY of almost 37%. We also have the world’s best selling sport roadster, the Mazda MX-5 and our powerful sport pickup, BT-50 with intelligent DE-S suspension for superior handling. We are also offering an exciting range of special promotional campaigns for new Mazda customers that are available only at the Motor Expo. Most significantly, we will continue to make every effort to further enhance our sales and after-sales service strategies with customer satisfaction always our top priority."
Mazda Motor Expo deal: The New BT-50 sport pickup FSC VCD, V Hi-Racer and V Hi-Racer+ models, with intelligent DE-S suspension system, offers a low interest rate starting at only 0.99% or FSC V CD get the lowest monthly installment at 6,666 Baht and one-year full coverage insurance. The Mazda3, entry price 777,000 Baht, offers a low interest rate starting at 1.99%, a maintenance package for up to 3 years or 60,000 kilometers and one-year full coverage insurance. New Mazda MX-5 offers 5 years warranty, a maintenance package for up to 3 years or 100,000 kilometers and one-year full coverage insurance. The promotion runs until December 13, 2009.
Furthermore, customers who purchase New Mazda2 and New Mazda CX-9 will get one-year full coverage insurance. First 2,000 customers who reserve and purchase New Mazda2 within this year will get The Twilight SAGA: New Moon imported premium from USA worth 500 Baht, such as wristwatch, T-Shirt and dog tag. Special offering in Motor Expo event at Impact Challenger, the prospects who do test drive will get the limited Zoom-Zoom mug worth 199 Baht and the first 1,000 customers who do booking will get Zoom-Zoom bag worth 999 Baht when purchase by December 31, 2009.
The 26th Thailand International Motor Expo will open for public from December 2 – 13, 2009 at Impact Challenger 1 – 3.
There’s no better way to experience the dynamic and ultimate ‘Zoom-Zoom’ driving excitement than being behind the wheel yourself, so I would urge you to test drive a Mazda vehicle at the Motor Expo. Test drive is also available at Mazda 106 authorized showrooms nationwide.
Mazda has a 58 year-old relationship with Thailand and, through a strong dealer network, will continue playing a major role in the development of the Thai economy. The company aims to be a car company that brings back childhood emotions by providing vehicles that are daring, ingenious and fun through the Zoom-Zoom concept. The company is dedicated to improving and maintaining a high level of user- friendly after-sales services as customer delight is our first priority. Mazda will turn its brand success to benefit its customers by providing a wider dealer network. The company is operated with business ethics and social responsibilities.
PROTON EXORA Touch the spacious experience to carry 7 adult seats
Phranakorn Auto Sales Co., Ltd. Proton distributor in Thailand, imported the newest model ”Proton Exora” which is the outstanding MPV. Touch the spacious experience to carry 7 adult seats at 26th Thailand International Motor Expo 2009 in December this year.
Proton EXORA marks PROTON’s entry into the highly popular MPV segment. The EXORA is a culmination of several years of meticulous research and development by PROTON. EXORA embodies the efforts by PROTON to incorporate space, style, performance and safety elements into the design philosophy of the vehicle.
Just like the GEN 2 and Neo, the EXORA shares the same tried and tested 1.6 litre CamPro engine, except that the engine for the EXORA is now added with the CPS (Cam Profile Switching) technology. This engine utilizes two ingenious technologies, CPS (Cam Profile Switching) and VIM (Variable Intake Manifold technology), to give a relatively high power output and rapid response, whilst maintaining a fuel-efficient delivery. These two technologies give the EXORA the best of both worlds by combining the characteristics of two different engines in one compact package. As a result, the usual reduction in torque caused by high-lift camshafts is offset by the long intake runner, whilst the short runner works by helping the engine generate more power at higher speeds.
EXORA is designed to make those long trips with the family a breeze. They key to this is the Lotus-tuned ride and handling that gives the driver a sure-footed, yet comfortable drive on the highway and winding countryside roads. In terms of safety, driver and front-seat passenger will appreciate EXORA’s standard safety features which include twin front airbags - standard in both the Medium Line and High Line variants - and pre-tensioner seat-belts. Other standard safety features include the Anti-lock Braking System (ABS) and Electronic Brake-force Distribution (EBD) to help the vehicle come to a quick and safe stop should the need arise. To top it all, the EXORA offers an extremely strong passenger cell and computer-aided designed crash structure which has helped this MPV achieve the equivalent of Euro-Ncap 4-star safety rating requirements. Other cutting-edge technologies present in the EXORA include a hybrid high-strength “front-end module” and hydro-formed steel components. All these technologies help the EXORA shed weight without compromising on its strength and safety.
On the inside, PROTON’s major technological improvement in the EXORA is demonstrated by the improved sound-proofing technology which allows driver and passengers to have conversations without having to raise their voices. The quietness offered by the MPV also means that occupants of the MPV can enjoy their favourite music or DVD movie (for passengers in Supreme variant) through its high-quality sound system. As an added comfort and driving pleasure for long journeys, the EXORA offers 10 bottle holders strategically located to keep drink bottles within easy reach of driver and passengers. For luggage, the EXORA offers ample space, with six different seat-folding configurations adding more storage flexibility when required. The single-lever seat folding mechanism allows the second row seat to be tumbled easily thus providing a wider opening for passengers to hop on to the third row seat. The rear doors which can open at a maximum angle of 80 degrees enhance the loading and offloading of passengers. The EXORA also offers individual air-conditioning vents on every row providing maximum comfort to passengers on hot days. To complete the luxurious feel, the EXORA Medium line comes with an uncluttered and clean grey interior with fabric seats, whereas the High line comes standard with leather and alcantra.
One of the outstanding features of the EXORA is an electronic device called the Body Control Module (BCM). This feature is usually found in more expensive European makes. The EXORA is the first Proton car to be equipped with BCM and it offers a whole new range of options and gadgets to enhance the vehicle’s practicality and safety. BCM offers over 20 different functions, from “follow me home lights”, to programmable door-locking configurations and wiper speeds, to automatic hazard light activation during emergency braking from above 96km/h and many more.
The EXORA comes in four colors, Genetic Silver, Tranquility Black, Solid White and Gaia Blue which can select in both Medium Line and High Line.
Proton EXORA marks PROTON’s entry into the highly popular MPV segment. The EXORA is a culmination of several years of meticulous research and development by PROTON. EXORA embodies the efforts by PROTON to incorporate space, style, performance and safety elements into the design philosophy of the vehicle.
Just like the GEN 2 and Neo, the EXORA shares the same tried and tested 1.6 litre CamPro engine, except that the engine for the EXORA is now added with the CPS (Cam Profile Switching) technology. This engine utilizes two ingenious technologies, CPS (Cam Profile Switching) and VIM (Variable Intake Manifold technology), to give a relatively high power output and rapid response, whilst maintaining a fuel-efficient delivery. These two technologies give the EXORA the best of both worlds by combining the characteristics of two different engines in one compact package. As a result, the usual reduction in torque caused by high-lift camshafts is offset by the long intake runner, whilst the short runner works by helping the engine generate more power at higher speeds.
EXORA is designed to make those long trips with the family a breeze. They key to this is the Lotus-tuned ride and handling that gives the driver a sure-footed, yet comfortable drive on the highway and winding countryside roads. In terms of safety, driver and front-seat passenger will appreciate EXORA’s standard safety features which include twin front airbags - standard in both the Medium Line and High Line variants - and pre-tensioner seat-belts. Other standard safety features include the Anti-lock Braking System (ABS) and Electronic Brake-force Distribution (EBD) to help the vehicle come to a quick and safe stop should the need arise. To top it all, the EXORA offers an extremely strong passenger cell and computer-aided designed crash structure which has helped this MPV achieve the equivalent of Euro-Ncap 4-star safety rating requirements. Other cutting-edge technologies present in the EXORA include a hybrid high-strength “front-end module” and hydro-formed steel components. All these technologies help the EXORA shed weight without compromising on its strength and safety.
On the inside, PROTON’s major technological improvement in the EXORA is demonstrated by the improved sound-proofing technology which allows driver and passengers to have conversations without having to raise their voices. The quietness offered by the MPV also means that occupants of the MPV can enjoy their favourite music or DVD movie (for passengers in Supreme variant) through its high-quality sound system. As an added comfort and driving pleasure for long journeys, the EXORA offers 10 bottle holders strategically located to keep drink bottles within easy reach of driver and passengers. For luggage, the EXORA offers ample space, with six different seat-folding configurations adding more storage flexibility when required. The single-lever seat folding mechanism allows the second row seat to be tumbled easily thus providing a wider opening for passengers to hop on to the third row seat. The rear doors which can open at a maximum angle of 80 degrees enhance the loading and offloading of passengers. The EXORA also offers individual air-conditioning vents on every row providing maximum comfort to passengers on hot days. To complete the luxurious feel, the EXORA Medium line comes with an uncluttered and clean grey interior with fabric seats, whereas the High line comes standard with leather and alcantra.
One of the outstanding features of the EXORA is an electronic device called the Body Control Module (BCM). This feature is usually found in more expensive European makes. The EXORA is the first Proton car to be equipped with BCM and it offers a whole new range of options and gadgets to enhance the vehicle’s practicality and safety. BCM offers over 20 different functions, from “follow me home lights”, to programmable door-locking configurations and wiper speeds, to automatic hazard light activation during emergency braking from above 96km/h and many more.
The EXORA comes in four colors, Genetic Silver, Tranquility Black, Solid White and Gaia Blue which can select in both Medium Line and High Line.
Chevrolet AVEO with New 1.6-Litre Engine to be Officially Introduced
“Camaro” - the ultimate muscle car from the movie “The Transformers” makes its public debut in Thailand.
Special Sales Offers “Condition to Your Choice” - Customized to suit every style, available for all Chevrolet models.
Chevrolet has officially launched an upgrade to its ‘Compact Car with Big Design’ which comes with increased engine capacity for increased drivability. Accompanying the new AVEO 1.6 is the Thailand debut of the Chevrolet Camaro. Other attractions include a wide range of promotional packages including offers like an affordable down-payments, low interest rates and free first-class insurance.
General Motors (Thailand) Co., Ltd., and Chevrolet Sales (Thailand) Co., Ltd., aim to finish the year on a higher note with the introduction of the upgraded Chevrolet AVEO. The compact sedan is now powered by a 1.6-litre engine offering even better power and torque characteristics for increased drivability.
Besides enhanced performance, the 1.6-liter Chevrolet AVEO also boasts a comprehensive array of safety features including ABS with EBD; air bags; immobilizer; security alarm; fog lights (in selected models); a 2-Din sound system; CD/MP3 stereo and Bluetooth; remote electric mirrors; electric rear-seat flips and folds, and many more.
Here is the AVEO price list;
AVEO 1.6 LSX Bt. 644,000
AVEO 1.6 LT Bt. 674,000
AVEO 1.6 SS Bt. 689,000
AVEO 1.6 LUX Bt. 709,000
Mr. Antonio Zara, Chevrolet Thailand’s Vice President of Sales, Marketing and After-sales Service, said “I’m sure the new 1.6-liter Chevrolet AVEO, with its vigorous and enhanced characteristics, as well as its comprehensive range of features that stress on passenger comfort and optimum safety, will be well-received by the motoring public. Those who know the AVEO already know its exceptional cabin space compared with other compact cars in its range. The AVEO 1.6 has been developed specifically to meet the discerning needs of customers.
Apart from the launch of AVEO 1.6, Chevrolet also showcased its range of cars and trucks, including the ever-popular 1.4-liter AVEO, the Chevrolet Optra CNG – in estate and sedan guise; the Chevrolet Colorado and the class-leading Chevrolet Captiva multipurpose SUV.
However, the star attraction was the special showcase of the Chevrolet Camaro, also known as ‘Bumblebee’ to fans of the Transformers movie. Officially seen in Thailand for the first time, the iconic American muscle-car has managed to marry modern design elements with classic Camaro design cues.
Apart from the displays, customers and visitors to Chevrolet’s booth also had access to professional guidance and consultancy services in owning Chevrolet’s quality used cars at the ‘Chevy OK’ counter. The Chevy Finance Service was also available at the booth to ensure speedy and convenient financial services for customer who are interested in Chevrolet’s products – new or used.
Chevrolet also launched a special campaign known as the ‘Condition to Your Choice’, designed to cater to the varied needs and preferences of customers. Under the campaign, customers can choose the package that best fits their requirements. Packages offered under the campaign include 0% interest for payments of over 36 months with a 25% down payment, or 0.99% interest for 36 monthly installments with a 15% down payment. In both cases, customers will receive free one-year first-class car insurance coverage when purchasing a Chevrolet Colorado, Chevrolet Optra, Chevrolet Optra Estate or Chevrolet AVEO. As a bonus, Chevrolet Optra CNG buyers get up to 10,000 baht of free CNG for the first year.
Themed “Transformers”, Chevrolet’s booth also symbolised the setting-off on a journey with the customers. This marks Chevrolet’s core principal of business, which is to put the customer in the centre of everything it does. Meet Chevrolet’s diversified automotive innovations and enjoy special promotional offers at the Thailand Motor Expo from December 2 to 13, 2009 in Challenger Halls 1 to 3, Muang Thong Thani.
Special Sales Offers “Condition to Your Choice” - Customized to suit every style, available for all Chevrolet models.
Chevrolet has officially launched an upgrade to its ‘Compact Car with Big Design’ which comes with increased engine capacity for increased drivability. Accompanying the new AVEO 1.6 is the Thailand debut of the Chevrolet Camaro. Other attractions include a wide range of promotional packages including offers like an affordable down-payments, low interest rates and free first-class insurance.
General Motors (Thailand) Co., Ltd., and Chevrolet Sales (Thailand) Co., Ltd., aim to finish the year on a higher note with the introduction of the upgraded Chevrolet AVEO. The compact sedan is now powered by a 1.6-litre engine offering even better power and torque characteristics for increased drivability.
Besides enhanced performance, the 1.6-liter Chevrolet AVEO also boasts a comprehensive array of safety features including ABS with EBD; air bags; immobilizer; security alarm; fog lights (in selected models); a 2-Din sound system; CD/MP3 stereo and Bluetooth; remote electric mirrors; electric rear-seat flips and folds, and many more.
Here is the AVEO price list;
AVEO 1.6 LSX Bt. 644,000
AVEO 1.6 LT Bt. 674,000
AVEO 1.6 SS Bt. 689,000
AVEO 1.6 LUX Bt. 709,000
Mr. Antonio Zara, Chevrolet Thailand’s Vice President of Sales, Marketing and After-sales Service, said “I’m sure the new 1.6-liter Chevrolet AVEO, with its vigorous and enhanced characteristics, as well as its comprehensive range of features that stress on passenger comfort and optimum safety, will be well-received by the motoring public. Those who know the AVEO already know its exceptional cabin space compared with other compact cars in its range. The AVEO 1.6 has been developed specifically to meet the discerning needs of customers.
Apart from the launch of AVEO 1.6, Chevrolet also showcased its range of cars and trucks, including the ever-popular 1.4-liter AVEO, the Chevrolet Optra CNG – in estate and sedan guise; the Chevrolet Colorado and the class-leading Chevrolet Captiva multipurpose SUV.
However, the star attraction was the special showcase of the Chevrolet Camaro, also known as ‘Bumblebee’ to fans of the Transformers movie. Officially seen in Thailand for the first time, the iconic American muscle-car has managed to marry modern design elements with classic Camaro design cues.
Apart from the displays, customers and visitors to Chevrolet’s booth also had access to professional guidance and consultancy services in owning Chevrolet’s quality used cars at the ‘Chevy OK’ counter. The Chevy Finance Service was also available at the booth to ensure speedy and convenient financial services for customer who are interested in Chevrolet’s products – new or used.
Chevrolet also launched a special campaign known as the ‘Condition to Your Choice’, designed to cater to the varied needs and preferences of customers. Under the campaign, customers can choose the package that best fits their requirements. Packages offered under the campaign include 0% interest for payments of over 36 months with a 25% down payment, or 0.99% interest for 36 monthly installments with a 15% down payment. In both cases, customers will receive free one-year first-class car insurance coverage when purchasing a Chevrolet Colorado, Chevrolet Optra, Chevrolet Optra Estate or Chevrolet AVEO. As a bonus, Chevrolet Optra CNG buyers get up to 10,000 baht of free CNG for the first year.
Themed “Transformers”, Chevrolet’s booth also symbolised the setting-off on a journey with the customers. This marks Chevrolet’s core principal of business, which is to put the customer in the centre of everything it does. Meet Chevrolet’s diversified automotive innovations and enjoy special promotional offers at the Thailand Motor Expo from December 2 to 13, 2009 in Challenger Halls 1 to 3, Muang Thong Thani.
3 Compact Volvos Set to Win Trendsetters’ Heart at Motor Expo 2009
Three new Volvo models to make official debut at the Motor Expo – S40 sedan and 5-door V50 with the country’s first “powershift” transmission system in benzene-engine compact car segment, and the stylish C30 2.0 R-Design; and showcase XC60 with the world’s first innovative City Safety system.
Sustainability leadership reinforced with the offerings of a wide variety of alternative energy engines, including biodiesel D5 and flexifuel engine that can operate on 100% gasoline, or any blend of gasoline and renewable bioethanol up to 85% (E85), The alternative energy cars include XC60 D5, XC60 D5 and S80 2.5FT Flexifuel
Special accessories in C70 2.4i and XC90- D5 available only in the Motor Expo 2009
Volvo cars today officially launched three of its latest vehicles that not only enhance trendsetters’ lifestyle, but also strengthen Volvo’s commitment to sustainable auto technology and the environment. The three new models are S40, 5-door V50 and C30 2.0 R-Design with “Powershift” transmission system for the first time in benzene-engine compact car segment. Also showcased at the event is a full range of Volvo cars powered by alternative fuel technology that addresses the “Driving … For Sustainability” theme of the Motor Expo 2009.
Chantana Vatanarom, President of Volvo Car (Thailand) Co Ltd, said, “This year, we select all the showcased models that best address the young generation’s demand. The three new compact cars in particular will be able to meet the target audience’ demand in terms of their elegantly simple design, powerful engine with Powershift transmission that offers both responsiveness and fuel efficiency, the compact size of the cars that meet urban trendsetters’ lifestyle, and innovative safety features. All of Volvo vehicles are environmental friendly as they produce low emission and increase fuel efficiency. In short, the Volvo cars are what you are looking for in today environment.”
The right choice of vehicles for the young
The three compact -- S40, V50, C30 R-Design with Powershift
Volvo S40 sedan and Volvo 50 estate are powered by 2.0L benzene engine with four cylinders with Powershift transmission system. Both of them produce impressive 145 Hp at 6,000 rpm and 185 Nm at 4,500 rpm. Average fuel consumption is 12.3 km per litre.
Another compact car highlight is the Volvo C30 2.0 R-Design. The chic coupe for urban people also comes with Powershift transmission system for responsiveness and fuel efficiency. It sets to win the young-at-hearts with its sportier look provided by the special R-Design accessories including body-color coordinated front spoiler, tailgate spoiler with LED brake lights, side skirts, matt silver front grill, side mirror caps in Silk Matt finish, 17-inch aluminum wheels “Serapis”, sport steering wheel with R-Design logo, sport gear shift knob, sport pedals, Deco Inlay in new unique R-Design Aluminum Pattern in the centre stack, gray and beige seat upholstery with R-Design graphic.
True to its “Volvo. For Life” commitment, both Volvo S40 and V50 models are fully equipped with innovative safety technologies. They are equipped with the world’s first and only technology that enables drivers to avoid possible accidents with Volvo’s innovative “Blind Spot Information System (BLIS). BLIS comprises a camera integrated in the side mirror that monitors both sides of the car at the rear and will blink when another vehicle, be it motorcycle, bicycle or car, moves into the blind spot. The system will be activated when the car is driven at 10 kph, enabling the driver to control and drive the vehicle safely during day and night time.
Other safety features include the Intelligent Driver Information (IDIS) that helps drivers concentrate fully on the road; Whiplash Protection System (WHIPS); Side Impact Protection (SIP), Inflatable Curtain that work closely with the front airbags for better head protection in case of side collision; and three-point safety belts with pretensioners.
Powershift transmission system – responsive and saves more than 8% of fuel
All the three models are equipped with the Powershift transmission system. Powershift operates in principle as two parallel manual gearboxes. It has twin wet clutches that work independently of one another. One clutch controls the odd gears (1, 3, 5 and reverse) while the other handles the even ratios (2, 4 and 6). The two clutches operate alternately, with one engaging while the other disengages. This means that at the same time as the engine gets full power and maximum thrust in first gear, second gear is placed in readiness to be engaged. And when second gear has been engaged, third gear is readied, and so on. This promotes a continuous flood of power without any disruption in power delivery or any torque loss, resulting in extremely fast and silky-smooth gearchanges while maintaining acceleration throughout the gearchanging process. It also saves up to 8%of fuel while significantly reducing CO2 emission for sustainable environment.
Meeting different lifestyles across all segments
All the new models fit well for different lifestyles and needs. The Volvo S40 is just right for urban people who look for comfort and safety while the V50 is just perfect for urban families who enjoy short excursion on the weekend. Volvo C30 in the meantime sets to fulfill urban individuals with unique style and good taste for design.
XC60 D5 – impressive power in diesel format
In addition to compact cars, Volvo showcased at the Motor Expo 2009 the XC60 D5 that complements Volvo’s full range of vehicle across all categories. The XC60 D5 is powered by new light-weight aluminum bloc turbo diesel engine that is more powerful and more responsive with 205Hp at 4,000 rpm, compared to its 185Hp predecessor, and 420 Nm torque in the 1,500-3,250 rpm range. The vehicle is more responsive and environmental friendly with complete combustion and efficient filter. The XC60 D5 looks more outstanding with chrome trim sport steering wheel and double exhaust pipes.
The XC60 D5 comes with full safety features, especially the innovative “City Safety”, a world first and unique feature that can help the driver reduce, or even completely avoid the type of low-speed impacts that are common in city traffic and traffic tailbacks. If the car is about to drive into the vehicle in front and the driver does not react, the car brakes itself.
City Safety is active if the car's speed is below 30 km/h (19 mph). In situations where the difference in speed between two vehicles is 15 km/h (9 mph) or less, a collision can be avoided completely. In a potential collision situation in which the difference in speed between the vehicles is between 15-30 km/h (9-19 mph), City Safety alone cannot prevent a collision. However, the consequences of the impending collision can be mitigated considerably because the system will intervene to reduce speed when the collision occurs.
The Volvo XC60 D5 also has the Hill Descent Control (HDC), Volvo's sophisticated technology for assisting slow progress in first gear when driving on steep gradients. Using the car's braking system and engine torque, HDC controls the car's speed and maintains a steady crawling speed. The Dynamic Stability and Traction Control system also helps provide even more stable driving. The XC60 D5 is also packed with many innovative safety features that help drivers avoid accident and provide better protection for the driver and passengers.
“Driving For Sustainability”
Reinforcing its alternative energy leadership and supports for the country’s energy dependency policy and agricultural sector, Volvo showcased a full range of alternative energy vehicles as follows:
Diesel-engine (D5) S80 D5, XC60 D5 and XC90 D5, all can support B5 mix without further engine modification:
Flexifuel cars -- C30 1.8F and S80 2.5 FT that can operate on 100% gasoline, or any blend of gasoline and renewable bioethanol up to 85% (E85),
Special offers for Motor Expo 2009 customers
S80 – Special for customers placing booking order for S80 D5, Volvo is offering special packages where buyers can choose two out of the three offers as follows:
- 25% deposit, 0% interest rate for 60 months, Bt37,488 monthly installment payment. Customers can pay in installment for the deposit through Citibank Paylite program with 0% interest rate for six months
- High quality diamond (1 carat) with certificate from the Institute of Gemology HRD Antwerp
- Visit Volvo’s plant in Sweden in a 5-day trip package and a privilege of flying business class with Scandinavian Airline
Volvo C70 2.4i – get free accessories listed below only at Motor Expo 2009!
- Front spoiler with fog light
- 4 exhaust pipes with diffuser
- Sport lowering diffuser
- Sport lowering springs
- 19-inch wheels and tires
XC90 D5 – get free accessories when placing booking order at Motor Expo 2009.
- Color-coordinated accessories
- Chrome trim
- Two-tone front bumper
- Double exhaust pipes
- Side scuff plate
- Sport logo
Price list of all Volvo car models
- S40 2.0 1,799,000 baht
- S80 2.5FT 3,100,000 baht
- S80 D5 2,999,000 baht
- V50 2.0 1,799,000 baht
- XC60 D5 3,999,000 baht
- XC90 D5 3,949,000 baht
- C30 1.8F 1,899,000 baht
- C30 2.0 2,199,000 baht
- C30 2.0 R-Design I 2,399,000 baht
- C30 2.0 R-Design II (with sunroof & Bi-Xenon) 2,499,000 baht
- C70 2.4i 4,299,000 baht
Enjoy special offers and a full range of interesting vehicles from Volvo at the Motor Expo 2009 at IMPACT, Muang Thong Thani from December 3-13, 2009.
Fast Facts:
- Volvo Car Corporation is a wholly owned subsidiary of Ford Motor Company and is headquartered in Gothenburg Sweden.
- Volvo Cars has been present in Thailand since 1962, firstly through an independent importer/distributor, and then through a wholly owned National Sales Company, Volvo Car (Thailand) Ltd., since 1971. The Company now employs 22 people.
- A local assembly (CKD) factory, Thai Swedish Assemblies (TSA) was established in 1976 and today builds the globally successful Volvo XC90, All-New Volvo S80, Volvo S60, Volvo V70, Volvo V50 and Volvo S40 models in Thailand, employing some 300 people. Volvo Cars also offer the spectacular all-new Volvo C70 retractable hard-top coupe/convertible sports car, the new Volvo C30 three-door sports hatch/coupe and XC60 as fully imported products.
- Volvo is represented in retailing by 8 authorised dealers operating 11 outlets, nationwide. Five in the Bangkok metropolitan area and six in up-country locations as follows, Wearnes (with locations in Hua Mark, Lumpini and Lad Phrao), Gothenburg Automobiles, Srinakarin; Scandinavian Auto, Ramindra; and in other provinces Chiang Mai Sweden Motor, Chiang Mai; Nakornpathom Motor, Nakornpathom; Hat Yai Auto, Songkhla and Phuket; Advance Auto Car, Chon Buri; and Bangkok V.A. Machinery and Parts, Khon Kaen.
- For more information on Volvo Cars' products and services, please refer to www.volvocars.co.th, or contact your nearest authorised dealer.
- Volvo built its first major plant outside Sweden in 1965, just one year after the construction of the present plant in Torslanda (Gothenburg). The first model to be produced in Ghent was the Volvo 120, a.k.a. the Amazon.
- Volvo Cars Ghent currently employs 4,000 employees, building the Volvo C30, S40, V50, S60, and now the new XC60. Production consists of welding, painting and final assembly. The paint shops of the Volvo Cars plants are among the cleanest in the world. Last year Volvo Cars Ghent switched over, like the other Volvo facilities, to 100% green electricity from hydroelectric power.
- For free video content please go to www.media.volvocars.com and click on 'Broadcast Room' to preview and request video. If you haven’t already used this site, please take a moment to register. Once your registration is approved, you can order broadcast-standard video digitally or by tape. Registration and video is free to the media.
Sustainability leadership reinforced with the offerings of a wide variety of alternative energy engines, including biodiesel D5 and flexifuel engine that can operate on 100% gasoline, or any blend of gasoline and renewable bioethanol up to 85% (E85), The alternative energy cars include XC60 D5, XC60 D5 and S80 2.5FT Flexifuel
Special accessories in C70 2.4i and XC90- D5 available only in the Motor Expo 2009
Volvo cars today officially launched three of its latest vehicles that not only enhance trendsetters’ lifestyle, but also strengthen Volvo’s commitment to sustainable auto technology and the environment. The three new models are S40, 5-door V50 and C30 2.0 R-Design with “Powershift” transmission system for the first time in benzene-engine compact car segment. Also showcased at the event is a full range of Volvo cars powered by alternative fuel technology that addresses the “Driving … For Sustainability” theme of the Motor Expo 2009.
Chantana Vatanarom, President of Volvo Car (Thailand) Co Ltd, said, “This year, we select all the showcased models that best address the young generation’s demand. The three new compact cars in particular will be able to meet the target audience’ demand in terms of their elegantly simple design, powerful engine with Powershift transmission that offers both responsiveness and fuel efficiency, the compact size of the cars that meet urban trendsetters’ lifestyle, and innovative safety features. All of Volvo vehicles are environmental friendly as they produce low emission and increase fuel efficiency. In short, the Volvo cars are what you are looking for in today environment.”
The right choice of vehicles for the young
The three compact -- S40, V50, C30 R-Design with Powershift
Volvo S40 sedan and Volvo 50 estate are powered by 2.0L benzene engine with four cylinders with Powershift transmission system. Both of them produce impressive 145 Hp at 6,000 rpm and 185 Nm at 4,500 rpm. Average fuel consumption is 12.3 km per litre.
Another compact car highlight is the Volvo C30 2.0 R-Design. The chic coupe for urban people also comes with Powershift transmission system for responsiveness and fuel efficiency. It sets to win the young-at-hearts with its sportier look provided by the special R-Design accessories including body-color coordinated front spoiler, tailgate spoiler with LED brake lights, side skirts, matt silver front grill, side mirror caps in Silk Matt finish, 17-inch aluminum wheels “Serapis”, sport steering wheel with R-Design logo, sport gear shift knob, sport pedals, Deco Inlay in new unique R-Design Aluminum Pattern in the centre stack, gray and beige seat upholstery with R-Design graphic.
True to its “Volvo. For Life” commitment, both Volvo S40 and V50 models are fully equipped with innovative safety technologies. They are equipped with the world’s first and only technology that enables drivers to avoid possible accidents with Volvo’s innovative “Blind Spot Information System (BLIS). BLIS comprises a camera integrated in the side mirror that monitors both sides of the car at the rear and will blink when another vehicle, be it motorcycle, bicycle or car, moves into the blind spot. The system will be activated when the car is driven at 10 kph, enabling the driver to control and drive the vehicle safely during day and night time.
Other safety features include the Intelligent Driver Information (IDIS) that helps drivers concentrate fully on the road; Whiplash Protection System (WHIPS); Side Impact Protection (SIP), Inflatable Curtain that work closely with the front airbags for better head protection in case of side collision; and three-point safety belts with pretensioners.
Powershift transmission system – responsive and saves more than 8% of fuel
All the three models are equipped with the Powershift transmission system. Powershift operates in principle as two parallel manual gearboxes. It has twin wet clutches that work independently of one another. One clutch controls the odd gears (1, 3, 5 and reverse) while the other handles the even ratios (2, 4 and 6). The two clutches operate alternately, with one engaging while the other disengages. This means that at the same time as the engine gets full power and maximum thrust in first gear, second gear is placed in readiness to be engaged. And when second gear has been engaged, third gear is readied, and so on. This promotes a continuous flood of power without any disruption in power delivery or any torque loss, resulting in extremely fast and silky-smooth gearchanges while maintaining acceleration throughout the gearchanging process. It also saves up to 8%of fuel while significantly reducing CO2 emission for sustainable environment.
Meeting different lifestyles across all segments
All the new models fit well for different lifestyles and needs. The Volvo S40 is just right for urban people who look for comfort and safety while the V50 is just perfect for urban families who enjoy short excursion on the weekend. Volvo C30 in the meantime sets to fulfill urban individuals with unique style and good taste for design.
XC60 D5 – impressive power in diesel format
In addition to compact cars, Volvo showcased at the Motor Expo 2009 the XC60 D5 that complements Volvo’s full range of vehicle across all categories. The XC60 D5 is powered by new light-weight aluminum bloc turbo diesel engine that is more powerful and more responsive with 205Hp at 4,000 rpm, compared to its 185Hp predecessor, and 420 Nm torque in the 1,500-3,250 rpm range. The vehicle is more responsive and environmental friendly with complete combustion and efficient filter. The XC60 D5 looks more outstanding with chrome trim sport steering wheel and double exhaust pipes.
The XC60 D5 comes with full safety features, especially the innovative “City Safety”, a world first and unique feature that can help the driver reduce, or even completely avoid the type of low-speed impacts that are common in city traffic and traffic tailbacks. If the car is about to drive into the vehicle in front and the driver does not react, the car brakes itself.
City Safety is active if the car's speed is below 30 km/h (19 mph). In situations where the difference in speed between two vehicles is 15 km/h (9 mph) or less, a collision can be avoided completely. In a potential collision situation in which the difference in speed between the vehicles is between 15-30 km/h (9-19 mph), City Safety alone cannot prevent a collision. However, the consequences of the impending collision can be mitigated considerably because the system will intervene to reduce speed when the collision occurs.
The Volvo XC60 D5 also has the Hill Descent Control (HDC), Volvo's sophisticated technology for assisting slow progress in first gear when driving on steep gradients. Using the car's braking system and engine torque, HDC controls the car's speed and maintains a steady crawling speed. The Dynamic Stability and Traction Control system also helps provide even more stable driving. The XC60 D5 is also packed with many innovative safety features that help drivers avoid accident and provide better protection for the driver and passengers.
“Driving For Sustainability”
Reinforcing its alternative energy leadership and supports for the country’s energy dependency policy and agricultural sector, Volvo showcased a full range of alternative energy vehicles as follows:
Diesel-engine (D5) S80 D5, XC60 D5 and XC90 D5, all can support B5 mix without further engine modification:
Flexifuel cars -- C30 1.8F and S80 2.5 FT that can operate on 100% gasoline, or any blend of gasoline and renewable bioethanol up to 85% (E85),
Special offers for Motor Expo 2009 customers
S80 – Special for customers placing booking order for S80 D5, Volvo is offering special packages where buyers can choose two out of the three offers as follows:
- 25% deposit, 0% interest rate for 60 months, Bt37,488 monthly installment payment. Customers can pay in installment for the deposit through Citibank Paylite program with 0% interest rate for six months
- High quality diamond (1 carat) with certificate from the Institute of Gemology HRD Antwerp
- Visit Volvo’s plant in Sweden in a 5-day trip package and a privilege of flying business class with Scandinavian Airline
Volvo C70 2.4i – get free accessories listed below only at Motor Expo 2009!
- Front spoiler with fog light
- 4 exhaust pipes with diffuser
- Sport lowering diffuser
- Sport lowering springs
- 19-inch wheels and tires
XC90 D5 – get free accessories when placing booking order at Motor Expo 2009.
- Color-coordinated accessories
- Chrome trim
- Two-tone front bumper
- Double exhaust pipes
- Side scuff plate
- Sport logo
Price list of all Volvo car models
- S40 2.0 1,799,000 baht
- S80 2.5FT 3,100,000 baht
- S80 D5 2,999,000 baht
- V50 2.0 1,799,000 baht
- XC60 D5 3,999,000 baht
- XC90 D5 3,949,000 baht
- C30 1.8F 1,899,000 baht
- C30 2.0 2,199,000 baht
- C30 2.0 R-Design I 2,399,000 baht
- C30 2.0 R-Design II (with sunroof & Bi-Xenon) 2,499,000 baht
- C70 2.4i 4,299,000 baht
Enjoy special offers and a full range of interesting vehicles from Volvo at the Motor Expo 2009 at IMPACT, Muang Thong Thani from December 3-13, 2009.
Fast Facts:
- Volvo Car Corporation is a wholly owned subsidiary of Ford Motor Company and is headquartered in Gothenburg Sweden.
- Volvo Cars has been present in Thailand since 1962, firstly through an independent importer/distributor, and then through a wholly owned National Sales Company, Volvo Car (Thailand) Ltd., since 1971. The Company now employs 22 people.
- A local assembly (CKD) factory, Thai Swedish Assemblies (TSA) was established in 1976 and today builds the globally successful Volvo XC90, All-New Volvo S80, Volvo S60, Volvo V70, Volvo V50 and Volvo S40 models in Thailand, employing some 300 people. Volvo Cars also offer the spectacular all-new Volvo C70 retractable hard-top coupe/convertible sports car, the new Volvo C30 three-door sports hatch/coupe and XC60 as fully imported products.
- Volvo is represented in retailing by 8 authorised dealers operating 11 outlets, nationwide. Five in the Bangkok metropolitan area and six in up-country locations as follows, Wearnes (with locations in Hua Mark, Lumpini and Lad Phrao), Gothenburg Automobiles, Srinakarin; Scandinavian Auto, Ramindra; and in other provinces Chiang Mai Sweden Motor, Chiang Mai; Nakornpathom Motor, Nakornpathom; Hat Yai Auto, Songkhla and Phuket; Advance Auto Car, Chon Buri; and Bangkok V.A. Machinery and Parts, Khon Kaen.
- For more information on Volvo Cars' products and services, please refer to www.volvocars.co.th, or contact your nearest authorised dealer.
- Volvo built its first major plant outside Sweden in 1965, just one year after the construction of the present plant in Torslanda (Gothenburg). The first model to be produced in Ghent was the Volvo 120, a.k.a. the Amazon.
- Volvo Cars Ghent currently employs 4,000 employees, building the Volvo C30, S40, V50, S60, and now the new XC60. Production consists of welding, painting and final assembly. The paint shops of the Volvo Cars plants are among the cleanest in the world. Last year Volvo Cars Ghent switched over, like the other Volvo facilities, to 100% green electricity from hydroelectric power.
- For free video content please go to www.media.volvocars.com and click on 'Broadcast Room' to preview and request video. If you haven’t already used this site, please take a moment to register. Once your registration is approved, you can order broadcast-standard video digitally or by tape. Registration and video is free to the media.
Thursday, November 19, 2009
Honda launches all-new Freed, a stylish, compact and spacious MUV (multi-utility vehicle)
Honda Automobile (Thailand) Co., Ltd., Thailand’s second largest manufacturer and exporter of passenger cars, today launched its all-new premium urban Honda Freed multi-utility van (MUV). Its distinctive design, shape and cabin interior cater to urban trendy customers who want a stylish, compact and spacious MUV with the ‘look-and-feel’ of a passenger car.
Mr. Atsushi Fujimoto, President of Honda Automobile (Thailand), said, “Our research into the lifestyles of today’s urban population indicates an emerging need for MUVs. The daily activities of professional people at work and home, and the social interactions with their family members and friends indicate an unmet need for a compact multi-utility vehicle that is easy to drive and offers ample cabin space.”
The all-new Freed fuses a compact body size, a spacious cabin which comfortably seats adults in all three rows, and a stylish design. Since its introduction in May 2008, sales of the Freed in Japan reached nearly 77,000 units sold within its first year of launch. It has also been given the “Best Value” Award in Japan Car of the Year 2008-2009.
“Honda specifically developed the all-new Freed with the aim of creating a stylish MUV that is comfortable and easy to manoeuvre, enabling its owners to freely utilise the vehicle in various activities that meet the modern needs and diverse lifestyles of today’s urban residents,” said Mr. Fujimoto.
“In Thailand, we expect customer bookings for the Freed to reach 5,000 units within the next 12 months. This forecast is based on our research of target demographics in urban cities, and the potential and anticipated demand for compact, spacious, fuel-efficient MUVs that are easy to steer, drive and park,” he said.
The all-new Freed can accommodate 7 people in a 2-2-3 seat configuration, a large cabin room with a ‘free walk-through’ layout that allows its occupants to move from front-to-back easily. It also comes with automatic sliding rear doors on both sides, activated via a remote key or manually from a panel button.
To support the all-new Freed launch, Honda will kick off its marketing campaign that includes print advertising and TV commercials targeting at trend-setting urban families and professional individuals in their late 20s.
The all-new Freed is available in 2 versions – the Freed S and Freed E – equipped with a 1.5-litre i-VTEC engine that delivers 118 horsepower and runs on gasohol E20. All versions feature a 5-speed automatic transmission with emission cleanliness that meets the international EURO-4 standard.
The premium Honda Freed – priced at Bht. 894,500 (S version), Bht. 974,500 (E version), Bht. 1,014,500 (E Sport), and Bht. 1,074,500 (E Navi Sport) – is available in four colours (Silver Alabaster, Metal Polished Grey, Crystal Black, and White Brilliant).
Bookings are now accepted at all Honda dealers nationwide with deliveries to customers scheduled in January 2010. The all-new Honda Freed will be displayed at the upcoming Thailand International Motor Expo 2009 (2 –13 December).
Information released through Bangkok Public Relations Ltd.
on behalf of Honda Automobile (Thailand) Co., Ltd.
For further information please contact Bangkok Public Relations Ltd.
Apsorn Bejrajati, Pairoj Pachanapreeda or Panta Poonsapmanee at telephone 0-2664 9500, ext. 112, 115 or 116, fax 0-2664 9515.
Mr. Atsushi Fujimoto, President of Honda Automobile (Thailand), said, “Our research into the lifestyles of today’s urban population indicates an emerging need for MUVs. The daily activities of professional people at work and home, and the social interactions with their family members and friends indicate an unmet need for a compact multi-utility vehicle that is easy to drive and offers ample cabin space.”
The all-new Freed fuses a compact body size, a spacious cabin which comfortably seats adults in all three rows, and a stylish design. Since its introduction in May 2008, sales of the Freed in Japan reached nearly 77,000 units sold within its first year of launch. It has also been given the “Best Value” Award in Japan Car of the Year 2008-2009.
“Honda specifically developed the all-new Freed with the aim of creating a stylish MUV that is comfortable and easy to manoeuvre, enabling its owners to freely utilise the vehicle in various activities that meet the modern needs and diverse lifestyles of today’s urban residents,” said Mr. Fujimoto.
“In Thailand, we expect customer bookings for the Freed to reach 5,000 units within the next 12 months. This forecast is based on our research of target demographics in urban cities, and the potential and anticipated demand for compact, spacious, fuel-efficient MUVs that are easy to steer, drive and park,” he said.
The all-new Freed can accommodate 7 people in a 2-2-3 seat configuration, a large cabin room with a ‘free walk-through’ layout that allows its occupants to move from front-to-back easily. It also comes with automatic sliding rear doors on both sides, activated via a remote key or manually from a panel button.
To support the all-new Freed launch, Honda will kick off its marketing campaign that includes print advertising and TV commercials targeting at trend-setting urban families and professional individuals in their late 20s.
The all-new Freed is available in 2 versions – the Freed S and Freed E – equipped with a 1.5-litre i-VTEC engine that delivers 118 horsepower and runs on gasohol E20. All versions feature a 5-speed automatic transmission with emission cleanliness that meets the international EURO-4 standard.
The premium Honda Freed – priced at Bht. 894,500 (S version), Bht. 974,500 (E version), Bht. 1,014,500 (E Sport), and Bht. 1,074,500 (E Navi Sport) – is available in four colours (Silver Alabaster, Metal Polished Grey, Crystal Black, and White Brilliant).
Bookings are now accepted at all Honda dealers nationwide with deliveries to customers scheduled in January 2010. The all-new Honda Freed will be displayed at the upcoming Thailand International Motor Expo 2009 (2 –13 December).
Information released through Bangkok Public Relations Ltd.
on behalf of Honda Automobile (Thailand) Co., Ltd.
For further information please contact Bangkok Public Relations Ltd.
Apsorn Bejrajati, Pairoj Pachanapreeda or Panta Poonsapmanee at telephone 0-2664 9500, ext. 112, 115 or 116, fax 0-2664 9515.
Thursday, November 12, 2009
TURNAROUND EXPERT TO HEAD OPEL
US auto-maker General Motors has named executive vice president Nick Reilly as interim head of its Opel and Vauxhall operations in Europe and on Tuesday said it had begun to pay back emergency German loans.
Reilly "will immediately assume responsibility for the operations of Opel/Vauxhall Europe while an external search for a new chief executive officer commences", GM said in Detroit, Michigan.
Reilly, a specialist in turning around troubled operations, "will support the European leadership team in running the business and will oversee the creation of a strategy to position Opel/Vauxhall for long-term success."
Former GM Europe chief executive Carl=Peter Forster is stepping down following the parent group's decision to hang onto Opel/Vauxhall and restructure the companies itself.
Forster had backed the sale of the two brands to Canadian auto-parts manufacturer Magna and its Russian partner, Sberbank.
Meanwhile, GM said it had paid back 200 million euro (Bt10 billion) of a bridging loan provided by Germany to keep Opel running and would reimburse the balance this month.
"We now have an outstanding balance of 600 million euro," said GM Europe finance director Enrico Digirolamo.
German Chancellor Angela Merkel on Tuesday again stressed Berlin wanted its money back after GM chose to keep Opel, a decision Merkel said she "regretted enormously".
GM is now expected quickly to submit a plan on how it will get Opel back on its feet.
The German authorities had pushed hard for Opel's sale to Magna and Sberbank, because of assurances from the prospective buyers that no German plants would subsequently be shut down - a guarantee GM has not given.
GM's ditching of the sale to Magna cuased an uproar in Berlin last week.
The government had granted a loan of 1.5 billion euro to tide Opel over and was set to make another 3 billion euro available as loan guarantees.
However, Opel has tapped only about 900 million euro of the initial credit.
GM chef executive Fritz Henderson said the group would need about 3 billion euro in financing to restructure Opel/Vauxhall but also recentlt suggested GM might have other means to fund the operation.
Meanwhile, Reilly, a British national who once worked at Vauxhall, will maintain the overall direction of GM's international operations from Shanghai, China, the company said - further evidence his German stay will be temporary.
Henderson and Reilly toured Opel headquarters in Russelsheim, near Frankfurt, and on Tuesday met with the head of the workers council.
"As we announced last Tuesday, Opel/Vauxhall will remain a fully intergrated member of the Newk GM family, a decision that is in the best interests of Opel/Vauxhall, its customers, employees, other stakeholders and GM," Henderson was quoted as saying.
"With his deep experience with the Opel and Vauxhall brands, Nick is well suited to lead this transition and to work towards the earliest possible normalisation of the business."
Reilly, a Cambridge University graduate, was hired by GM in 1975 and previosuly helped turn around operations at Daewoo in South Korea.
Reilly "will immediately assume responsibility for the operations of Opel/Vauxhall Europe while an external search for a new chief executive officer commences", GM said in Detroit, Michigan.
Reilly, a specialist in turning around troubled operations, "will support the European leadership team in running the business and will oversee the creation of a strategy to position Opel/Vauxhall for long-term success."
Former GM Europe chief executive Carl=Peter Forster is stepping down following the parent group's decision to hang onto Opel/Vauxhall and restructure the companies itself.
Forster had backed the sale of the two brands to Canadian auto-parts manufacturer Magna and its Russian partner, Sberbank.
Meanwhile, GM said it had paid back 200 million euro (Bt10 billion) of a bridging loan provided by Germany to keep Opel running and would reimburse the balance this month.
"We now have an outstanding balance of 600 million euro," said GM Europe finance director Enrico Digirolamo.
German Chancellor Angela Merkel on Tuesday again stressed Berlin wanted its money back after GM chose to keep Opel, a decision Merkel said she "regretted enormously".
GM is now expected quickly to submit a plan on how it will get Opel back on its feet.
The German authorities had pushed hard for Opel's sale to Magna and Sberbank, because of assurances from the prospective buyers that no German plants would subsequently be shut down - a guarantee GM has not given.
GM's ditching of the sale to Magna cuased an uproar in Berlin last week.
The government had granted a loan of 1.5 billion euro to tide Opel over and was set to make another 3 billion euro available as loan guarantees.
However, Opel has tapped only about 900 million euro of the initial credit.
GM chef executive Fritz Henderson said the group would need about 3 billion euro in financing to restructure Opel/Vauxhall but also recentlt suggested GM might have other means to fund the operation.
Meanwhile, Reilly, a British national who once worked at Vauxhall, will maintain the overall direction of GM's international operations from Shanghai, China, the company said - further evidence his German stay will be temporary.
Henderson and Reilly toured Opel headquarters in Russelsheim, near Frankfurt, and on Tuesday met with the head of the workers council.
"As we announced last Tuesday, Opel/Vauxhall will remain a fully intergrated member of the Newk GM family, a decision that is in the best interests of Opel/Vauxhall, its customers, employees, other stakeholders and GM," Henderson was quoted as saying.
"With his deep experience with the Opel and Vauxhall brands, Nick is well suited to lead this transition and to work towards the earliest possible normalisation of the business."
Reilly, a Cambridge University graduate, was hired by GM in 1975 and previosuly helped turn around operations at Daewoo in South Korea.
SUBARU LAUNCHES THE LEGACY
The Legacy, which comes with a 2-litre engine, is available in two forms: a sedan and a station wagon, costing Bt1.98 million and Bt2.05 million, respectively.
At the launch event, the company announced that world-class stunt driver Russ Swift would perform at the upcoming Thailand International Motor Expo, which will be held at Impact, Muang Thong Thani.
Motor Image, the official distributor for Subaru locally, said it expected to sell 30-40 units, most of them the station-wagon version. High sales of the station wagon are expected because of its low pricing and the lack of any competitors here.
The Legancy 2.0i also comes with a continously variable transmission, which is more fuel-efficient when driven in city conditions.
"The Legacy is now bigger and roomier on the inside. Due to its attractive design, it appeals to a wider customer base than the previous version did. At the same time, it still comes with the sporty character of the Legacy," said general manager Apichai Thamsiraruk. "The smaller Impreza usually accounts for about 65 per cent of our yearly sales. We're hoping the new design of the Legacy will challenge that percentage as more people start considering the bigger car."
Apichai said the scheduled "Russ Swift Stunt Driving" show would be an opportunity for Thai audiences to see a world-class stunt driver in action. Swift is mentioned three times in "guinness World Records" for his driving stunts.
The show will be held from December 5-7 in the P9 parking lot of Muang Thong Thani during the Thailand International Motor Expo. Subaru has spent Bt10 million to bring Swift to Thailand.
"Subaru customers and all viewers will learn more about the high-performance capabilities and safety features of Sabaru cars. The stunts that Russ Swift will perform will include two-wheel driving,doughnuts and dancing with the car, to name a few," Apichai said.
Motor Image sol d120 vehicles in the first 10 months and expects to close the year with sales of 160 units, similar to last year. The company expects to sell 20-30 units at the Motor Expo.
Apichai said that as Subaru products became more appearling, more customers were finding the brand accessible. A clear indication of this buying Subarus.
Motor Image now has a customer base of 4,000 in Thailand.
At the launch event, the company announced that world-class stunt driver Russ Swift would perform at the upcoming Thailand International Motor Expo, which will be held at Impact, Muang Thong Thani.
Motor Image, the official distributor for Subaru locally, said it expected to sell 30-40 units, most of them the station-wagon version. High sales of the station wagon are expected because of its low pricing and the lack of any competitors here.
The Legancy 2.0i also comes with a continously variable transmission, which is more fuel-efficient when driven in city conditions.
"The Legacy is now bigger and roomier on the inside. Due to its attractive design, it appeals to a wider customer base than the previous version did. At the same time, it still comes with the sporty character of the Legacy," said general manager Apichai Thamsiraruk. "The smaller Impreza usually accounts for about 65 per cent of our yearly sales. We're hoping the new design of the Legacy will challenge that percentage as more people start considering the bigger car."
Apichai said the scheduled "Russ Swift Stunt Driving" show would be an opportunity for Thai audiences to see a world-class stunt driver in action. Swift is mentioned three times in "guinness World Records" for his driving stunts.
The show will be held from December 5-7 in the P9 parking lot of Muang Thong Thani during the Thailand International Motor Expo. Subaru has spent Bt10 million to bring Swift to Thailand.
"Subaru customers and all viewers will learn more about the high-performance capabilities and safety features of Sabaru cars. The stunts that Russ Swift will perform will include two-wheel driving,doughnuts and dancing with the car, to name a few," Apichai said.
Motor Image sol d120 vehicles in the first 10 months and expects to close the year with sales of 160 units, similar to last year. The company expects to sell 20-30 units at the Motor Expo.
Apichai said that as Subaru products became more appearling, more customers were finding the brand accessible. A clear indication of this buying Subarus.
Motor Image now has a customer base of 4,000 in Thailand.
General Motors can repay taxpayers, says chairman
General Motors Co remains committed to repaying its billions of dollars in government loans, though it's too soon to say when that will happen,the automaker's chairman said on Tuesday.
"Can GM pay back its loans? You bet," Ed Whitacre said during an address at Texas Lutheran University in Seguin,Texas."I can't tell you when, but it won't be very long."
But Whitacre added that the company,which has received more than $50 billion in taxpayer bailouts and is majorityowned by the US government,"has a long way to go before it's in fighting shape again."
Both the government and GM have said they expect the automaker to become publicly traded sometime next year. However, Whitacre said on Tuesday the timing of any initial public offering of GM stock "remains uncertain and depends on when the company returns to profitability."
Whitacre said a stable economy re-"mains the determining factor for GM."
He also said higher employment levels and a thaw in the credit markets were necessary for the company's business to improve.
"Increasing employment is the fastest and surest way to grow," he said.
Government investigators have challenged the likelihood that taxpayers will recoup their investment in GM and in Detroit rival Chrysler Group LLC. The Government Accountability Office said in a report issued last week that the automakers' value would have to soar to levels they didn't even approach when they were healthier for the taxpayer loans to be repaid.
However, Whitacre, who became GM's chairman after it exited bankruptcy in July, highlighted restructuring efforts made at the company, including work force and brand cuts.
He also noted the company's modest lift in October US sales - its first monthover-month sales increase in almost two years.
Whitacre also defended the company's last-minute decision this month to keep its Opel brand.
The automaker had been in talks to sell a majority stake in the European brand to a group led by Canadian parts maker Magna International and Russian lender Sberbank. But GM changed its mind because its financial position had improved enough to warrant keeping the brand, Whitacre said.
"How could you be a global player and not play all over the globe?" he said."Our financial fortunes had improved enough that we rexamined that."
Whitacre, who is the former chief executive and chairman of telecommunications giant AT&T, said he did not initially want to lead GM when he was approached with the offer."I was retired.Why would I want to do that?" he said,but added that he changed his mind after reflecting on the need for a strong US auto industry.
Whitacre noted that the government has largely kept its hands out of GM's day-to-day business despite its controlling stake, adding that was a condition for his accepting the chairman position.
"Can GM pay back its loans? You bet," Ed Whitacre said during an address at Texas Lutheran University in Seguin,Texas."I can't tell you when, but it won't be very long."
But Whitacre added that the company,which has received more than $50 billion in taxpayer bailouts and is majorityowned by the US government,"has a long way to go before it's in fighting shape again."
Both the government and GM have said they expect the automaker to become publicly traded sometime next year. However, Whitacre said on Tuesday the timing of any initial public offering of GM stock "remains uncertain and depends on when the company returns to profitability."
Whitacre said a stable economy re-"mains the determining factor for GM."
He also said higher employment levels and a thaw in the credit markets were necessary for the company's business to improve.
"Increasing employment is the fastest and surest way to grow," he said.
Government investigators have challenged the likelihood that taxpayers will recoup their investment in GM and in Detroit rival Chrysler Group LLC. The Government Accountability Office said in a report issued last week that the automakers' value would have to soar to levels they didn't even approach when they were healthier for the taxpayer loans to be repaid.
However, Whitacre, who became GM's chairman after it exited bankruptcy in July, highlighted restructuring efforts made at the company, including work force and brand cuts.
He also noted the company's modest lift in October US sales - its first monthover-month sales increase in almost two years.
Whitacre also defended the company's last-minute decision this month to keep its Opel brand.
The automaker had been in talks to sell a majority stake in the European brand to a group led by Canadian parts maker Magna International and Russian lender Sberbank. But GM changed its mind because its financial position had improved enough to warrant keeping the brand, Whitacre said.
"How could you be a global player and not play all over the globe?" he said."Our financial fortunes had improved enough that we rexamined that."
Whitacre, who is the former chief executive and chairman of telecommunications giant AT&T, said he did not initially want to lead GM when he was approached with the offer."I was retired.Why would I want to do that?" he said,but added that he changed his mind after reflecting on the need for a strong US auto industry.
Whitacre noted that the government has largely kept its hands out of GM's day-to-day business despite its controlling stake, adding that was a condition for his accepting the chairman position.
Economy vehicle or ecology car?
I hope more people will change their perception of a vehicle, seeing it as ameans of transport and not a reflection of the driver's status.
The long-awaited dream of an eco-car will become a reality next year. The possibility has given hope to many middleincome earners that they may this time be able to afford a low-priced eco-friendly car.
Some carmakers, however, seem to start from scratch by trying to explain that the word "eco" does not come from "economy" but is short for "ecology".
What that means is this type of car will have less CO2 emission, stipulated at no more than 120 grammes per kilometre. Moreover, fuel consumption will not exceed 5 litres per 100km.
To achieve that level of "greenness",the car engine must be smaller than those popular in the Thai market, meaning that it would not exceed 1,300cc for petrol and 1,400cc for diesel.
Automobile firms have invested at least 5 billion baht in the eco-car project in Thailand. If they are able to manufacture 100,000 units of the above criteria by the fifth year, they will get tax and tariff incentives from the Board of Investment. Six firms have been approved for the project, but currently only Nissan has announced that it will move ahead according to plan, rolling out its first eco-car on to the Thai market in March next year.
The government wants to see ecocars available at prices starting below 400,000 baht, lower than the current offers on the market, but carmakers insist that the price would not be that low because the cost of high technology and research and development required to produce the cleaner car is very expensive.
It's true that a little bit of help from everyone to save the environment is essential for the overall public amidst rising concern about global warming.The eco-car should be one way that an individual - a member of the middleclass, to be specific - in Thailand can make their contribution. The problem is that consumers in the current sluggish economy may see only the "eco" as in the economy side of things, not ecology,as their first priority when considering buying a new car. If the price is not attractive enough, consumers may opt for a cheaper vehicle that provides them with mobility despite being much less green. Is it possible for both the government and the private sector to cooperate in adjusting an "economy" price into the upcoming "ecology" car?
With the launch of the eco-car project,I hope that my dream of seeing many models of small-engine cars available in the market will come true. I always envy people in some European countries or Japan where people can have a variety of choice when it comes to small cars from different brands.
Here in Thailand, the lowest possible engine that consumers can find is 1,500cc.Smaller cars have faced many episodes of unsuccessful introduction. The 1,300cc Ford Aspire hit the market over a decade ago but its sale lasted only a few years.Toyota launched its Indonesia-made 1,300cc Avanza about five years ago but the small-engine vehicle could not survive in the Thai market so the company had to replace it with the 1,500cc Avanza. An earlier model with the smallest-engine,the 900cc Daihatsu Mira, faced the same fate. I don't know if the disappearance of small-engine cars in Thailand was the result of insincerity on the manufacturers' or dealers' part to maintain continuous sales and service, or a genuine lack of consumer interest in low-engine models. There is an observation in Thailand that many times people are judged by the type of vehicle they drive. Those going about in fancy European brands may get better recognition than those who drive about in general Asian brands.The same person gets a different treatment from others only because that person changes his/her car. A painful reality!
I hope that the government-backed eco-car project will be a success when the launch time arrives. I hope that more and more people will change their perception towards the image of the vehicle,seeing it as a means of transport and not a reflection of the driver's status, so people driving small cars can rest assured that they will still receive equal treatment in society. Let's drive a small car and help save our planet.
The long-awaited dream of an eco-car will become a reality next year. The possibility has given hope to many middleincome earners that they may this time be able to afford a low-priced eco-friendly car.
Some carmakers, however, seem to start from scratch by trying to explain that the word "eco" does not come from "economy" but is short for "ecology".
What that means is this type of car will have less CO2 emission, stipulated at no more than 120 grammes per kilometre. Moreover, fuel consumption will not exceed 5 litres per 100km.
To achieve that level of "greenness",the car engine must be smaller than those popular in the Thai market, meaning that it would not exceed 1,300cc for petrol and 1,400cc for diesel.
Automobile firms have invested at least 5 billion baht in the eco-car project in Thailand. If they are able to manufacture 100,000 units of the above criteria by the fifth year, they will get tax and tariff incentives from the Board of Investment. Six firms have been approved for the project, but currently only Nissan has announced that it will move ahead according to plan, rolling out its first eco-car on to the Thai market in March next year.
The government wants to see ecocars available at prices starting below 400,000 baht, lower than the current offers on the market, but carmakers insist that the price would not be that low because the cost of high technology and research and development required to produce the cleaner car is very expensive.
It's true that a little bit of help from everyone to save the environment is essential for the overall public amidst rising concern about global warming.The eco-car should be one way that an individual - a member of the middleclass, to be specific - in Thailand can make their contribution. The problem is that consumers in the current sluggish economy may see only the "eco" as in the economy side of things, not ecology,as their first priority when considering buying a new car. If the price is not attractive enough, consumers may opt for a cheaper vehicle that provides them with mobility despite being much less green. Is it possible for both the government and the private sector to cooperate in adjusting an "economy" price into the upcoming "ecology" car?
With the launch of the eco-car project,I hope that my dream of seeing many models of small-engine cars available in the market will come true. I always envy people in some European countries or Japan where people can have a variety of choice when it comes to small cars from different brands.
Here in Thailand, the lowest possible engine that consumers can find is 1,500cc.Smaller cars have faced many episodes of unsuccessful introduction. The 1,300cc Ford Aspire hit the market over a decade ago but its sale lasted only a few years.Toyota launched its Indonesia-made 1,300cc Avanza about five years ago but the small-engine vehicle could not survive in the Thai market so the company had to replace it with the 1,500cc Avanza. An earlier model with the smallest-engine,the 900cc Daihatsu Mira, faced the same fate. I don't know if the disappearance of small-engine cars in Thailand was the result of insincerity on the manufacturers' or dealers' part to maintain continuous sales and service, or a genuine lack of consumer interest in low-engine models. There is an observation in Thailand that many times people are judged by the type of vehicle they drive. Those going about in fancy European brands may get better recognition than those who drive about in general Asian brands.The same person gets a different treatment from others only because that person changes his/her car. A painful reality!
I hope that the government-backed eco-car project will be a success when the launch time arrives. I hope that more and more people will change their perception towards the image of the vehicle,seeing it as a means of transport and not a reflection of the driver's status, so people driving small cars can rest assured that they will still receive equal treatment in society. Let's drive a small car and help save our planet.
Sunday, November 8, 2009
Mahathir rebuffs reports of Proton sale
Malaysia's former prime minister Mahathir Mohamad has dismissed news reports that the national carmaker Proton Holdings is on the market, writing in his blog that he had told the company's chairman and chief executive that it was "not for sale".
Dr Mahathir's influence has soared in the new administration of Prime Minister Najib Razak, and the former PM indicated that he was back as Proton's adviser and "busy on a plan to resuscitate the company".
Under the previous administration of Abdullah Badawi, Dr Mahathir hinted that he had no role in Proton as "no one asks me for advice".
His unequivocal statement that Proton is not for sale would dash the hopes of at least three parties that are said to be interested in the company. They are the DRB-Hicom conglomerate, the Naza auto group and the management of Proton itself, whose chairman suggested it two weeks ago.
Dr Mahathir said Proton was returning to profitability given the number of new cars he has been seeing on the roads lately."I know that a new car is not noticed on the roads until a certain volume of sales is achieved," he wrote at http://chedet.co.cc/chedetblog/.
"Since Proton acquired a new chairman in the person of Nadzmi Salleh, I find it easier to perform the work of Proton adviser. The Prime Minister has also indicated that Proton's affairs should be referred to me. Accordingly, I have been busy on a plan to resuscitate the company and have been talking to potential technology partners for Proton."
Then he got to the point."Lately I have been disturbed by media reports that Proton is to be sold to certain parties.This talk has agitated the staff of Proton.Their worry affects their performance. I have told the chairman and the chief executive that Proton is not for sale and there is no plan to sell Proton in the foreseeable future.
"The need is to restructure the company and reach agreement with the potential partner. After that, work has to be done to ensure Proton fully recovers."
Dr Mahathir's comments are likely to have been noted seriously by the government, as Proton was his brainchild back in 1984. They would also have been noted with regret by Syed Mokhtar AlBukhary, the controlling shareholder of DRB-Hicom, which reports indicated was the front-runner for the car company.
The tycoon bid for Proton six years ago but his bid was rejected at the time by then-premier Abdullah. DRB-Hicom was thought to be looking at buying 32% of Proton.
Proton posted a net loss of 320 million ringgit (3.12 billion baht) for the year to March 31,2009 but is expected to be back in the black in the current financial year. Its sales have climbed steeply and it expects to sell 155,000 units by the time its financial year closes in March 2010.
Dr Mahathir's influence has soared in the new administration of Prime Minister Najib Razak, and the former PM indicated that he was back as Proton's adviser and "busy on a plan to resuscitate the company".
Under the previous administration of Abdullah Badawi, Dr Mahathir hinted that he had no role in Proton as "no one asks me for advice".
His unequivocal statement that Proton is not for sale would dash the hopes of at least three parties that are said to be interested in the company. They are the DRB-Hicom conglomerate, the Naza auto group and the management of Proton itself, whose chairman suggested it two weeks ago.
Dr Mahathir said Proton was returning to profitability given the number of new cars he has been seeing on the roads lately."I know that a new car is not noticed on the roads until a certain volume of sales is achieved," he wrote at http://chedet.co.cc/chedetblog/.
"Since Proton acquired a new chairman in the person of Nadzmi Salleh, I find it easier to perform the work of Proton adviser. The Prime Minister has also indicated that Proton's affairs should be referred to me. Accordingly, I have been busy on a plan to resuscitate the company and have been talking to potential technology partners for Proton."
Then he got to the point."Lately I have been disturbed by media reports that Proton is to be sold to certain parties.This talk has agitated the staff of Proton.Their worry affects their performance. I have told the chairman and the chief executive that Proton is not for sale and there is no plan to sell Proton in the foreseeable future.
"The need is to restructure the company and reach agreement with the potential partner. After that, work has to be done to ensure Proton fully recovers."
Dr Mahathir's comments are likely to have been noted seriously by the government, as Proton was his brainchild back in 1984. They would also have been noted with regret by Syed Mokhtar AlBukhary, the controlling shareholder of DRB-Hicom, which reports indicated was the front-runner for the car company.
The tycoon bid for Proton six years ago but his bid was rejected at the time by then-premier Abdullah. DRB-Hicom was thought to be looking at buying 32% of Proton.
Proton posted a net loss of 320 million ringgit (3.12 billion baht) for the year to March 31,2009 but is expected to be back in the black in the current financial year. Its sales have climbed steeply and it expects to sell 155,000 units by the time its financial year closes in March 2010.
GOVERNMENT INCENTIVES LIFT TOYOTA SALES
Toyota Motor, the world's largest car-maker, narrowed its full-year net loss forecast for a second time after government stimulus measures revived vehicle demand in the US and Asia.
The company expects a 200-billion yen(Bt73 billion) loss in the year ending March 31, compared with an earlier forecast for a YEN450-billion loss, it said yesterday.
The auto-maker posted an unexpected second-quarter profit of YEN21.8 billion.
Toyoto joined Nissan Motor in predicting a smaller loss as government tax cuts and subsidies spurglobal car demand.
President Akio Toyoda, who said last month the maker of Corolla compact cars was one step from "irrelevance or death", has ordered the carmaker's first plant closure and an exit from Formula One racing to cut costs. "Toyota's sales are picking up more than initially thought," said Koichi Ogawa, chief protfolio manager at Daiwa SB Investments in Tokyo, which manages YEN3.4 trillion. "Like Honda and Nissan, Toyoto is benefiting from government stimulus programs."
Toyota City, a Japan-based company raised its full-year revenue forecast to YEN18 trillion from YEN16.8 trillion as it boosted vehicle sales estimates for Asia, Japan and Norht America. The improved earnings outlook follows Honda Motor almost tripling its profit estimate last week.
Nissan narrowed its loss forecast, citing better-than-expected sales in China. Hyundai Motor, South Korea's biggest auto-maker, posted a record profit in the quarter on surging US and China sales and a weaker won.
Toyota's second-quarter net income compared with a projected loss of YEN23.2 billion, based on the median of five analyst estimates compiled by Bloomberg. The profit was due to strong performance by the company's finance division,Toyota said.
Net income in the three months still fell from YEN139.8 billion a year earlier as vehicle sales declined in Asia, Euroipe and the US and a stronger yen cut the value of overseas earnings.
The yen averaged 13 per cent stronger against the dollar last quarter than a year earlier.
"The US economy is still in bad shape, with the job situation worsening," said Yuuki Sakurai,chief executive officer of Fukoku Capital Management in Tokyo, which manages about YEN800 billion. "The dollar well likely remain weak."
For the full year, Toyota raised its global vehicle sales forecsst to 7.03 million from an August forcast of 6.6 million. It sold 7.57 million units last fiscal year.
The company expects a 200-billion yen(Bt73 billion) loss in the year ending March 31, compared with an earlier forecast for a YEN450-billion loss, it said yesterday.
The auto-maker posted an unexpected second-quarter profit of YEN21.8 billion.
Toyoto joined Nissan Motor in predicting a smaller loss as government tax cuts and subsidies spurglobal car demand.
President Akio Toyoda, who said last month the maker of Corolla compact cars was one step from "irrelevance or death", has ordered the carmaker's first plant closure and an exit from Formula One racing to cut costs. "Toyota's sales are picking up more than initially thought," said Koichi Ogawa, chief protfolio manager at Daiwa SB Investments in Tokyo, which manages YEN3.4 trillion. "Like Honda and Nissan, Toyoto is benefiting from government stimulus programs."
Toyota City, a Japan-based company raised its full-year revenue forecast to YEN18 trillion from YEN16.8 trillion as it boosted vehicle sales estimates for Asia, Japan and Norht America. The improved earnings outlook follows Honda Motor almost tripling its profit estimate last week.
Nissan narrowed its loss forecast, citing better-than-expected sales in China. Hyundai Motor, South Korea's biggest auto-maker, posted a record profit in the quarter on surging US and China sales and a weaker won.
Toyota's second-quarter net income compared with a projected loss of YEN23.2 billion, based on the median of five analyst estimates compiled by Bloomberg. The profit was due to strong performance by the company's finance division,Toyota said.
Net income in the three months still fell from YEN139.8 billion a year earlier as vehicle sales declined in Asia, Euroipe and the US and a stronger yen cut the value of overseas earnings.
The yen averaged 13 per cent stronger against the dollar last quarter than a year earlier.
"The US economy is still in bad shape, with the job situation worsening," said Yuuki Sakurai,chief executive officer of Fukoku Capital Management in Tokyo, which manages about YEN800 billion. "The dollar well likely remain weak."
For the full year, Toyota raised its global vehicle sales forecsst to 7.03 million from an August forcast of 6.6 million. It sold 7.57 million units last fiscal year.
OFFICIAL E-CLASS SALES AT STARFEST 2009
After allowing grey importers to feast on sales of the new E-Class since midyear, Mercedes-Benz will officially start taking orders for the new E-Class models at Starfest 2009, to be held in Central Chidlom from November 14-15.
As well as the new E-Class, which comes with the CGI Blue Efficiency engine and various driver-assistance systems, the remaining models in Mercedes-Benz's range for the Thai market will also be on display.
Chatvitai Tantraporn, general manager for marketing and communications at Mercedes-Benz (Thailand), said economic growth in the fourth quarter had boosted the company's confidence that Starfest would attract a lot of attention.
The event has been held for five consecutive years, and this year Mercedes-Benz will showcase all of its models in every segment.
"There'll be a launch of the three new E-Class models in both categories: saloon and coupe. We trust the new E-Class will impress our customers as not only the best-looking car in the world, but also the most technologically advanced and most environmentally compatible," Chatvitai said.
"For customers who have not yet made a decision, this is the best opportunity, because at Starfest 2009 we'll make special financial offers, tailor-made to individual needs, to make it easier to own a Mercedes-Benz."
As well as the new E-Class, which comes with the CGI Blue Efficiency engine and various driver-assistance systems, the remaining models in Mercedes-Benz's range for the Thai market will also be on display.
Chatvitai Tantraporn, general manager for marketing and communications at Mercedes-Benz (Thailand), said economic growth in the fourth quarter had boosted the company's confidence that Starfest would attract a lot of attention.
The event has been held for five consecutive years, and this year Mercedes-Benz will showcase all of its models in every segment.
"There'll be a launch of the three new E-Class models in both categories: saloon and coupe. We trust the new E-Class will impress our customers as not only the best-looking car in the world, but also the most technologically advanced and most environmentally compatible," Chatvitai said.
"For customers who have not yet made a decision, this is the best opportunity, because at Starfest 2009 we'll make special financial offers, tailor-made to individual needs, to make it easier to own a Mercedes-Benz."
All-new FOCUS out to topple Golf
The all-new Ford Focus will arrive in showrooms in early 2011 with the aim of finally dethroning the Volkswagen Golf as western Europe's best-selling car, according to company sources.
The new Focus won't just be a key player in Europe, either; it's set to become a global car, also to be sold in North America. The US version will be unveiled at the Detroit show in January, before Europe.
The new Focus will go on sale after the launch of the recently unveiled C-Max five and sevenseat MPVs, the first models based on what Ford sources call an all-new, global platform.
The production version of the C-Max, to be built in Spain, is set to be launched at next September's Paris show. The seven-seat version is heading for the US along with the Focus.
Design sources say Ford is going to make the new Focus much sportier and more coupe'-like than the current model."The hatchback Focus will be relatively lower and sportier than the C-Max you saw at the Frankfurt show," said our insider."The important point is that there will be much more differentiation in terms of the relative stance and the H-point between the hatches and C-Max than on the current models."
The H-point is designer shorthand for the position of the driver's hip point, which in practice means that the upcoming three and five-door Focus hatchbacks will have lower seating positions and markedly low-roofed styling.
The Focus's chassis is also likely to be more sportily tuned than that of the C-Max, which is aimed at families and older drivers who appreciate the higher seating position.
The Focus will also get its own interior design theme, with the dash angled towards the driver to deliver more of a cockpit-like feel.
The new Focus will be powered by a new range of Ecoboost downsized turbocharged petrol engines.
"The plan is for all our petrol cars to have smaller-capacity, direct-injection turbocharged engines," said one source."We especially have to meet the average CO
target figure that has been set in the European Union, but downsized turbocharged engines are already proving popular in North America as well."
One casualty of the move to greater fuel efficiency will be the five-cylinder Volvo-derived engine that powers today's Focus ST. The next generation of the model is likely to be powered by a turbocharged 2.0-litre four-pot, which can develop as much as 276hp.
Aside from its range of diesel engines, Ford is working on a new range of super-frugal threecylinder turbo petrol units, with capacities much smaller than 1.6 litres.
These engines are likely to be sized around 1.0-and 1.2-litres and are expected to become more popular when tough EU emissions rules make diesel engines increasingly expensive.
A number of makers (including Renault and Nissan) are working on similar powerplants because the upcoming EU5 and EU6 emissions regs will force expensive de-pollution kit to be fitted to diesels.
This move will make small diesels too expensive to be fitted to superminis and many cheaper Focuses. Ford hopes that the three-pot petrol motors will offer the performance and fuel economy of a typical small diesel.
The new Focus won't just be a key player in Europe, either; it's set to become a global car, also to be sold in North America. The US version will be unveiled at the Detroit show in January, before Europe.
The new Focus will go on sale after the launch of the recently unveiled C-Max five and sevenseat MPVs, the first models based on what Ford sources call an all-new, global platform.
The production version of the C-Max, to be built in Spain, is set to be launched at next September's Paris show. The seven-seat version is heading for the US along with the Focus.
Design sources say Ford is going to make the new Focus much sportier and more coupe'-like than the current model."The hatchback Focus will be relatively lower and sportier than the C-Max you saw at the Frankfurt show," said our insider."The important point is that there will be much more differentiation in terms of the relative stance and the H-point between the hatches and C-Max than on the current models."
The H-point is designer shorthand for the position of the driver's hip point, which in practice means that the upcoming three and five-door Focus hatchbacks will have lower seating positions and markedly low-roofed styling.
The Focus's chassis is also likely to be more sportily tuned than that of the C-Max, which is aimed at families and older drivers who appreciate the higher seating position.
The Focus will also get its own interior design theme, with the dash angled towards the driver to deliver more of a cockpit-like feel.
The new Focus will be powered by a new range of Ecoboost downsized turbocharged petrol engines.
"The plan is for all our petrol cars to have smaller-capacity, direct-injection turbocharged engines," said one source."We especially have to meet the average CO
target figure that has been set in the European Union, but downsized turbocharged engines are already proving popular in North America as well."
One casualty of the move to greater fuel efficiency will be the five-cylinder Volvo-derived engine that powers today's Focus ST. The next generation of the model is likely to be powered by a turbocharged 2.0-litre four-pot, which can develop as much as 276hp.
Aside from its range of diesel engines, Ford is working on a new range of super-frugal threecylinder turbo petrol units, with capacities much smaller than 1.6 litres.
These engines are likely to be sized around 1.0-and 1.2-litres and are expected to become more popular when tough EU emissions rules make diesel engines increasingly expensive.
A number of makers (including Renault and Nissan) are working on similar powerplants because the upcoming EU5 and EU6 emissions regs will force expensive de-pollution kit to be fitted to diesels.
This move will make small diesels too expensive to be fitted to superminis and many cheaper Focuses. Ford hopes that the three-pot petrol motors will offer the performance and fuel economy of a typical small diesel.
Wednesday, November 4, 2009
CREATIVE EFFORT HELPS TATA SALES
What does a company do if its drivers are not willing to read the users' manuals of the vehicles they will drive? Tata Motors has come up with an answer: give them a comic book.
Tata is about the launch a comic-book version of the user's manual for its Xenon CNG pickup. It's part of the Indian automaker's intensified focus on its commercial-vehicle division and comes after little more than a year's experience in selling vehicles in Thailand.
The Xenon CNG, aimed solely at the commercial-vehicle market, has net quite a few obstacles. Prominent among them is the need for drivers to read the uder's manual to get a better understanding of the CNG-fuelled vehicle, because its operation is technically different from that of a standard diesel pickup, so the company sought a simple solution: produce something the drivers want to read. The result is a comic-strip version that touches on the technical aspects of the Xenon CNG.
"The Xenon CNG has a fuel valve that needs to be opened and closed manually when refuelling. Failing to open the valve after refuelling leads to the engine shutting off. Because most drivers have not read the users manual, they don't realise the most probable reason the engine won't work is they have forgotten to open the valve. The comic-book version will defitely be more entertaining to read for these drivers," said Tata Motors (Thailand) CEO Ajit Venkataraman.
The Xenon CNG is now be only dedicated CNG truck in the automotive market. The only vehicle that can be considered a competitor is the Chevrolet Colorado CNG, which uses a dual-fuel system that mixes diesel and CNG to provide extra range.
The biggest problem with a dedicated CNG vehicle is its range. In Thailand, CNG fuelling stations have not yet spread around the country, so a driver could be stranded somewhere with no fuel at the end of the Xenon CNG's limited 150-200-kilometre range.
"This is not a problem, as most of our fleet customers have very well-planned routes. The vehicles run the same fixed routes every day and fill up at a certain station every day. If a vehicle does run out of fuel, our dealers will send out a service vehicle with a CNG refuelling tank," Venkataraman said. "We actually discourage privaate users from buying the Xenon CNG, because this [refuelling] can be a hassle at times. For private users who are fuel-cost conscious, our 2.2-litre diesel engine is ideal."
The Xenon CNG's limited range and the failure of drivers to read the manual are not the only problems Tata has faced. Another is brand acceptance. Being a new pickup manufacturer in the world's second-largest pickup market means they're playing at being a seal in the company of sharks. The long-standing local operations of Japanese auto-makers have built up a loyal customer base unwilling to try an Indian pickup-maker.
"The Xenon CNG has been a great product for us to penetrate this market. Fleet operators do not want another diesel pickup, as there are enough in the market already. The Xenon CNG cuts fuel costs, and fleet operators can see the benefits of the vehicle. Initially, they always order only one vehicle, but after seeing the benefits they order more," said sales director Abhichet Sitakalin.
Another advantage of the Xenon CNG is its fuel cannot be stolen. Fleet operators say stolen fuel accounts for a major increase in costs. With CNG, extracting the fuel requires equipment costing Bt30,000, and the low cost of CNG makes stealing it not worthwhile.
At present, more than 90 per cent of the vehicles Tata sells in Thailand are for commericla use. At next month's motor expo, the company will launch the Xenon Giant, a dedicated CNG pickup with a large bed and an extended fuel range of 300-400 kilometres. The company hopes the Xenon Giant will lead to a significantly increased market share.
Tata sold a mere 722 units in the first nine months of the year amid claims it was being overly optimistic. It says CNG-fuelled vehicles account for 30 per cent of current sales, and this figure is expected to reach 50 per cent next year with the new Giant entering the market.
Venkataraman said Tata was also monitoring other opportunities in the Thai market
"Although Tata is a major player in the bus and truck market in India - the second-largest bus and truck market in the world-it is unlikely we will enter the Thai market, because of its small size," he said.
Tata is about the launch a comic-book version of the user's manual for its Xenon CNG pickup. It's part of the Indian automaker's intensified focus on its commercial-vehicle division and comes after little more than a year's experience in selling vehicles in Thailand.
The Xenon CNG, aimed solely at the commercial-vehicle market, has net quite a few obstacles. Prominent among them is the need for drivers to read the uder's manual to get a better understanding of the CNG-fuelled vehicle, because its operation is technically different from that of a standard diesel pickup, so the company sought a simple solution: produce something the drivers want to read. The result is a comic-strip version that touches on the technical aspects of the Xenon CNG.
"The Xenon CNG has a fuel valve that needs to be opened and closed manually when refuelling. Failing to open the valve after refuelling leads to the engine shutting off. Because most drivers have not read the users manual, they don't realise the most probable reason the engine won't work is they have forgotten to open the valve. The comic-book version will defitely be more entertaining to read for these drivers," said Tata Motors (Thailand) CEO Ajit Venkataraman.
The Xenon CNG is now be only dedicated CNG truck in the automotive market. The only vehicle that can be considered a competitor is the Chevrolet Colorado CNG, which uses a dual-fuel system that mixes diesel and CNG to provide extra range.
The biggest problem with a dedicated CNG vehicle is its range. In Thailand, CNG fuelling stations have not yet spread around the country, so a driver could be stranded somewhere with no fuel at the end of the Xenon CNG's limited 150-200-kilometre range.
"This is not a problem, as most of our fleet customers have very well-planned routes. The vehicles run the same fixed routes every day and fill up at a certain station every day. If a vehicle does run out of fuel, our dealers will send out a service vehicle with a CNG refuelling tank," Venkataraman said. "We actually discourage privaate users from buying the Xenon CNG, because this [refuelling] can be a hassle at times. For private users who are fuel-cost conscious, our 2.2-litre diesel engine is ideal."
The Xenon CNG's limited range and the failure of drivers to read the manual are not the only problems Tata has faced. Another is brand acceptance. Being a new pickup manufacturer in the world's second-largest pickup market means they're playing at being a seal in the company of sharks. The long-standing local operations of Japanese auto-makers have built up a loyal customer base unwilling to try an Indian pickup-maker.
"The Xenon CNG has been a great product for us to penetrate this market. Fleet operators do not want another diesel pickup, as there are enough in the market already. The Xenon CNG cuts fuel costs, and fleet operators can see the benefits of the vehicle. Initially, they always order only one vehicle, but after seeing the benefits they order more," said sales director Abhichet Sitakalin.
Another advantage of the Xenon CNG is its fuel cannot be stolen. Fleet operators say stolen fuel accounts for a major increase in costs. With CNG, extracting the fuel requires equipment costing Bt30,000, and the low cost of CNG makes stealing it not worthwhile.
At present, more than 90 per cent of the vehicles Tata sells in Thailand are for commericla use. At next month's motor expo, the company will launch the Xenon Giant, a dedicated CNG pickup with a large bed and an extended fuel range of 300-400 kilometres. The company hopes the Xenon Giant will lead to a significantly increased market share.
Tata sold a mere 722 units in the first nine months of the year amid claims it was being overly optimistic. It says CNG-fuelled vehicles account for 30 per cent of current sales, and this figure is expected to reach 50 per cent next year with the new Giant entering the market.
Venkataraman said Tata was also monitoring other opportunities in the Thai market
"Although Tata is a major player in the bus and truck market in India - the second-largest bus and truck market in the world-it is unlikely we will enter the Thai market, because of its small size," he said.
Suzuki raises profit forecast
Suzuki Motor Corp quadrupled its annual operating profit forecast yesterday as sales soared in its main Indian market, setting it apart from other Japanese automakers that have depended heavily on the sinking US market.
Suzuki, like South Korean rival Hyundai Motor Co, has been a major beneficiary of a global shift in consumer preference towards smaller cars, partly fanned by government incentives on purchases of less polluting vehicles.
Both firms' huge presence in India,where the economy's resilience and tax incentives have jumpstarted demand for cars, has helped them weather the storm better than most in the industry.
Suzuki,Japan's fourth-biggest automaker, raised its operating profit outlook to 40 billion yen ($445 million)for the year to March, from an initial forecast of 10 billion yen.
It now expects a net profit of 15 billion yen instead of five billion yen.
Consensus forecasts from 16 brokerages put Suzuki's operating profit for the year at 46.6 billion yen, and net profit at 22.8 billion yen.
Earlier, Daihatsu Motor Co, the minivehicle unit of Toyota Motor Corp,and Fuji Heavy Industries Ltd, the maker of Subaru cars, also lifted their full-year forecasts after better-than-anticipated six-month results.
But Suzuki joined other automakers in warning of an uncertain outlook at best for global vehicle demand as more state-backed incentives programmes reach their budget limit and threaten to yank back sales.
"It's doubtful whether these scrappage incentives would switch smoothly into real demand," Suzuki chief executive Osamu Suzuki told a news conference.
Suzuki said he was not optimistic about a global economic recovery in the October-March second half, although Asian markets such as India and China remained a bright spot.
He noted that Suzuki's higher profit forecasts were merely a result of the overshoot in the first six months.
For July-September, Suzuki, known for its Swift and Alto hatchback cars,reported a 7.1% fall in operating profit to 24.98 billion yen from the second quarter last year, as global sales volumes decreased and the yen strengthened against the dollar.
The result was double an estimate of 12.45 billion yen in a poll of three analysts by Thomson Reuters I/B/E/S.
Net profit grew 27% to 10.38 billion yen, while revenue dropped 25% to 604.4 billion yen.
Last week, Suzuki's Indian unit, Maruti Suzuki India, reported a near doubling in its quarterly net profit, also powered by brisk exports to Europe.
Daihatsu, which dominates Japan's 660cc minivehicle segment with Suzuki,now expects an annual operating profit of 26 billion yen instead of 17 billion yen as sale exceed expectations in Indonesia and Malaysia, where it has a big presence.
In July-September, Daihatsu's operating profit fell 35% to 6.13 billion yen.Net profit sank 41% to 3.25 billion yen.
Fuji Heavy Industries Ltd, also owned partly by Toyota, now expects to eke out an annual operating profit of 1 billion yen instead of a 35 billion yen loss previously forecast. Its second-quarter operating profit was 8.24 billion yen, down 31% from a year earlier.
Suzuki, like South Korean rival Hyundai Motor Co, has been a major beneficiary of a global shift in consumer preference towards smaller cars, partly fanned by government incentives on purchases of less polluting vehicles.
Both firms' huge presence in India,where the economy's resilience and tax incentives have jumpstarted demand for cars, has helped them weather the storm better than most in the industry.
Suzuki,Japan's fourth-biggest automaker, raised its operating profit outlook to 40 billion yen ($445 million)for the year to March, from an initial forecast of 10 billion yen.
It now expects a net profit of 15 billion yen instead of five billion yen.
Consensus forecasts from 16 brokerages put Suzuki's operating profit for the year at 46.6 billion yen, and net profit at 22.8 billion yen.
Earlier, Daihatsu Motor Co, the minivehicle unit of Toyota Motor Corp,and Fuji Heavy Industries Ltd, the maker of Subaru cars, also lifted their full-year forecasts after better-than-anticipated six-month results.
But Suzuki joined other automakers in warning of an uncertain outlook at best for global vehicle demand as more state-backed incentives programmes reach their budget limit and threaten to yank back sales.
"It's doubtful whether these scrappage incentives would switch smoothly into real demand," Suzuki chief executive Osamu Suzuki told a news conference.
Suzuki said he was not optimistic about a global economic recovery in the October-March second half, although Asian markets such as India and China remained a bright spot.
He noted that Suzuki's higher profit forecasts were merely a result of the overshoot in the first six months.
For July-September, Suzuki, known for its Swift and Alto hatchback cars,reported a 7.1% fall in operating profit to 24.98 billion yen from the second quarter last year, as global sales volumes decreased and the yen strengthened against the dollar.
The result was double an estimate of 12.45 billion yen in a poll of three analysts by Thomson Reuters I/B/E/S.
Net profit grew 27% to 10.38 billion yen, while revenue dropped 25% to 604.4 billion yen.
Last week, Suzuki's Indian unit, Maruti Suzuki India, reported a near doubling in its quarterly net profit, also powered by brisk exports to Europe.
Daihatsu, which dominates Japan's 660cc minivehicle segment with Suzuki,now expects an annual operating profit of 26 billion yen instead of 17 billion yen as sale exceed expectations in Indonesia and Malaysia, where it has a big presence.
In July-September, Daihatsu's operating profit fell 35% to 6.13 billion yen.Net profit sank 41% to 3.25 billion yen.
Fuji Heavy Industries Ltd, also owned partly by Toyota, now expects to eke out an annual operating profit of 1 billion yen instead of a 35 billion yen loss previously forecast. Its second-quarter operating profit was 8.24 billion yen, down 31% from a year earlier.
Wednesday, October 28, 2009
Buyers sought for Fuso plant
The Japanese truck maker Mitsubishi Fuso is expected to finalise talks with two or three manufacturers next month for the purchase of its plant in Thailand.
Once Mitsubishi Fuso Truck and Bus Corporation (MFTBC) completes the talks, Fuso trucks will continue to be built in Thailand, said a senior official source in the Thai unit of MFTBC.
Daimler AG of Germany announced earlier this year it would shut the Fuso plant in Thailand by the end of this year as part of a revamp of MFTBC. The German carmaker holds an 85% stake in MFTBC and Mitsubishi Corporation the rest.
If talks fail, the source said Mitsubishi Fuso Truck (Thailand) Co (MFTTC), a subsidiary of MFTBC, could import Fuso trucks from Indonesia or Malaysia, two major production bases of MFTBC, to keep the brand alive.
The Indonesian Fuso plant builds more than 40,000 units per year and the Malaysian one 10,000.
The Japanese truck maker pledged to continue doing business in Thailand even if the plant closes.
A potential investor is Tan Chong International, a listed automobile and property group in Hong Kong.
A subsidiary, Tan Chong Machinery Ltd, holds a 100% stake in Nissan Diesel Thailand Co, which is authorised by Volvo of Sweden to produce and distribute Nissan UD trucks in the Thai market. Volvo holds 100% interests in Nissan Diesel Motor Co of Japan, which manufactures and distributes Nissan diesel trucks and buses.
The source said Tan Chong was interested in the Thai Fuso plant because its licence to build and sell Nissan UD trucks would soon expire.
But another source in Nissan Diesel Thailand denied an earlier report that Tan Chong would leave the Nissan UD business since its performance was still healthy despite the recession.
Seiji Akiyama, the president of MFTTC, said the company was approached by many prospective buyers to purchase its plant after it announced it would cease production.
"There are ongoing negotiations with many interested buyers, and there have been talks about production for domestic sales as well as export that would raise the capacity of the plant. But consideration needs to be given to production costs so that it is competitive,"he said.
In the past, the Fuso plant had a capacity of 6,000 units per year, but now it assembles about 2,000 trucks per year for the domestic market.
The plant was originally scheduled to close at the end of this year, but if negotiations bear fruit, production could continue, buoying the confidence of dealers and customers.
The company said Mitsubishi Fuso remained committed to marketing and servicing commercial trucks in Thailand and continued to invest in products and services for the local market. Asean is the largest international sales area for MFTBC.
MFTTC announced earlier this year changes in its business structure intended to improve competitiveness.
A principal change is the integration of Thai production into the overall Asean footprint of MFTBC. This move is to increase overall competitiveness in Thailand by generating further economies of scale. As a result, MFTTC plans to phase out production at Lat Krabang, a suburb of Bangkok, by the end of 2009.
The local production capacity and workforce will be gradually adjusted.About 150 people are currently employed at the Lat Krabang plant, which makes light-, medium- and heavy-duty trucks.
In the first half of this year, Mitsubishi Fuso sales grew by 2% compared to a 19% decline in the truck market. By the end of the year, Mitsubishi Fuso is expected to hold a 10% market share,about the same level as last year.
Once Mitsubishi Fuso Truck and Bus Corporation (MFTBC) completes the talks, Fuso trucks will continue to be built in Thailand, said a senior official source in the Thai unit of MFTBC.
Daimler AG of Germany announced earlier this year it would shut the Fuso plant in Thailand by the end of this year as part of a revamp of MFTBC. The German carmaker holds an 85% stake in MFTBC and Mitsubishi Corporation the rest.
If talks fail, the source said Mitsubishi Fuso Truck (Thailand) Co (MFTTC), a subsidiary of MFTBC, could import Fuso trucks from Indonesia or Malaysia, two major production bases of MFTBC, to keep the brand alive.
The Indonesian Fuso plant builds more than 40,000 units per year and the Malaysian one 10,000.
The Japanese truck maker pledged to continue doing business in Thailand even if the plant closes.
A potential investor is Tan Chong International, a listed automobile and property group in Hong Kong.
A subsidiary, Tan Chong Machinery Ltd, holds a 100% stake in Nissan Diesel Thailand Co, which is authorised by Volvo of Sweden to produce and distribute Nissan UD trucks in the Thai market. Volvo holds 100% interests in Nissan Diesel Motor Co of Japan, which manufactures and distributes Nissan diesel trucks and buses.
The source said Tan Chong was interested in the Thai Fuso plant because its licence to build and sell Nissan UD trucks would soon expire.
But another source in Nissan Diesel Thailand denied an earlier report that Tan Chong would leave the Nissan UD business since its performance was still healthy despite the recession.
Seiji Akiyama, the president of MFTTC, said the company was approached by many prospective buyers to purchase its plant after it announced it would cease production.
"There are ongoing negotiations with many interested buyers, and there have been talks about production for domestic sales as well as export that would raise the capacity of the plant. But consideration needs to be given to production costs so that it is competitive,"he said.
In the past, the Fuso plant had a capacity of 6,000 units per year, but now it assembles about 2,000 trucks per year for the domestic market.
The plant was originally scheduled to close at the end of this year, but if negotiations bear fruit, production could continue, buoying the confidence of dealers and customers.
The company said Mitsubishi Fuso remained committed to marketing and servicing commercial trucks in Thailand and continued to invest in products and services for the local market. Asean is the largest international sales area for MFTBC.
MFTTC announced earlier this year changes in its business structure intended to improve competitiveness.
A principal change is the integration of Thai production into the overall Asean footprint of MFTBC. This move is to increase overall competitiveness in Thailand by generating further economies of scale. As a result, MFTTC plans to phase out production at Lat Krabang, a suburb of Bangkok, by the end of 2009.
The local production capacity and workforce will be gradually adjusted.About 150 people are currently employed at the Lat Krabang plant, which makes light-, medium- and heavy-duty trucks.
In the first half of this year, Mitsubishi Fuso sales grew by 2% compared to a 19% decline in the truck market. By the end of the year, Mitsubishi Fuso is expected to hold a 10% market share,about the same level as last year.
YAMAHA SEES ITS MARKET SHARE RISE
Motorcycle-maker Yamaha is gearing up to fight back against rivals like Honda and Suzuki, which have launched new models to compete against Yamaha's popular Fino.
Thai Yamaha Motor vice president Praphan Polthanavisit said from January to September, Thailand's motorcycle market was hit by the slowing economy, and sales fell 14.4 per cent year on year to 1,132,639 units.
However, Yamaha, supported by strong sales of its Fino model, sold a total of 318,360 units, down only 4.8 per cent year on year. Yamaha's market share moved up by 2.8 per cent, to 28.1 per cent, he said.
"Yamaha has a large number of models that respond to customers' demands, be they manual or automatic models," he said, adding that the Fino, in particular, was a best-seller because of its unique retro styling.
Praphan said there were signs of recovery in the global economy in the fourth quarter, while the government had introduced stimulus measures, and consumer confidence was rising.
"Yamaha is confident the overall motorcycle market will finish the year at 1.5 million units, down 12 per cent from 2008," he said. "Yamaha plans to sell 430,000 motorcycles this year, down 2 per cent from last year for a 28.7-per-cent market share."
Meanwhile, Yamaha is joinin dealers in offering 600,000 Fino owners around the country free check-ups and engine-oil changes. The promotion lasts until the end of the month.
"In November, we're planning to offer more special privileges for Fino customers," he said, adding the details would be announced later.
Thai Yamaha Motor vice president Praphan Polthanavisit said from January to September, Thailand's motorcycle market was hit by the slowing economy, and sales fell 14.4 per cent year on year to 1,132,639 units.
However, Yamaha, supported by strong sales of its Fino model, sold a total of 318,360 units, down only 4.8 per cent year on year. Yamaha's market share moved up by 2.8 per cent, to 28.1 per cent, he said.
"Yamaha has a large number of models that respond to customers' demands, be they manual or automatic models," he said, adding that the Fino, in particular, was a best-seller because of its unique retro styling.
Praphan said there were signs of recovery in the global economy in the fourth quarter, while the government had introduced stimulus measures, and consumer confidence was rising.
"Yamaha is confident the overall motorcycle market will finish the year at 1.5 million units, down 12 per cent from 2008," he said. "Yamaha plans to sell 430,000 motorcycles this year, down 2 per cent from last year for a 28.7-per-cent market share."
Meanwhile, Yamaha is joinin dealers in offering 600,000 Fino owners around the country free check-ups and engine-oil changes. The promotion lasts until the end of the month.
"In November, we're planning to offer more special privileges for Fino customers," he said, adding the details would be announced later.
MAZDA2 TO BOOST ASEAN SHARE
Mazda Motor Corp hopes to double its regional market share to 2 per cent, as the company plans to sell 20,000 units of the Mazda2 within Asean in the first year of production.
Mazda currently has a 1-per-cent market share in Asean, but hopes to increase this to 4-5 per cent within the next five years.
The statement was made yesterday as the first Mazda2 subcompact (B segment) car rolled off the production line at the Auto Alliance Plant in Rayong.
The Mazda2, whose official Thai launch will be on November 17, will be the company's second passenger car on sale in the Kingdom.
The Mazda2 will also be launched in Indonesia next month, in the Phillipines in December and in Malaysia next March.
"The B segment is the fastest-growing segment in Asean. We expect the total B segment to reach 340,000 units in the region. The Mazda2 is aimed at young, energetic customers who are auto enthusiasts, and we have already sold 362,000 units worldwide. We currently have a very small share in the local market and we see plenty of room for growth," said Yuji Nakamine, managing executive officer at Mazda Motor Corp.
Mazda sells 1.15 million vehicles worldwide, of which the Asean market accounts for less than 2 per cent.
The Mazda2 will be a major product for the Japanese auto-maker in the Thai market as it moves deeper into the passenger-car segment.
Nakamine said Mazda was a "challenger brand", in the sense that it is not as large as Toyota and Honda and requires unique products to attract customers.
"We have already attracted 7,000 registered prospective customers [for the Mazda2] on our website after three weeks. We plan a 10-per-cent market share in the B segment over the lifetime of the car. We're not going to compete on price, but rather on having a special product that customers want to drive due to the zoom-zoom appeal," said John Ray, managing director of Mazda Sales Thailand.
The Mazda2 will be manufactured on the same production line as the Ford Fiesta, which will be launched next year. The company has a production capacity of 50,000 units for the Mazda2 at the plant.
Nakamine added that there are plans to export the Mazda2 beyond Asean, especially to Australia, within the next year. The current Mazda2 sold in Australia is imported from Japan.
"The Thai market seems to be recovering from the crisis and beginning its upward trend. We expect total auto sales for the Thai automotive market to reach 500,000-520,000 units this year," said Ray.
Mazda currently has a 1-per-cent market share in Asean, but hopes to increase this to 4-5 per cent within the next five years.
The statement was made yesterday as the first Mazda2 subcompact (B segment) car rolled off the production line at the Auto Alliance Plant in Rayong.
The Mazda2, whose official Thai launch will be on November 17, will be the company's second passenger car on sale in the Kingdom.
The Mazda2 will also be launched in Indonesia next month, in the Phillipines in December and in Malaysia next March.
"The B segment is the fastest-growing segment in Asean. We expect the total B segment to reach 340,000 units in the region. The Mazda2 is aimed at young, energetic customers who are auto enthusiasts, and we have already sold 362,000 units worldwide. We currently have a very small share in the local market and we see plenty of room for growth," said Yuji Nakamine, managing executive officer at Mazda Motor Corp.
Mazda sells 1.15 million vehicles worldwide, of which the Asean market accounts for less than 2 per cent.
The Mazda2 will be a major product for the Japanese auto-maker in the Thai market as it moves deeper into the passenger-car segment.
Nakamine said Mazda was a "challenger brand", in the sense that it is not as large as Toyota and Honda and requires unique products to attract customers.
"We have already attracted 7,000 registered prospective customers [for the Mazda2] on our website after three weeks. We plan a 10-per-cent market share in the B segment over the lifetime of the car. We're not going to compete on price, but rather on having a special product that customers want to drive due to the zoom-zoom appeal," said John Ray, managing director of Mazda Sales Thailand.
The Mazda2 will be manufactured on the same production line as the Ford Fiesta, which will be launched next year. The company has a production capacity of 50,000 units for the Mazda2 at the plant.
Nakamine added that there are plans to export the Mazda2 beyond Asean, especially to Australia, within the next year. The current Mazda2 sold in Australia is imported from Japan.
"The Thai market seems to be recovering from the crisis and beginning its upward trend. We expect total auto sales for the Thai automotive market to reach 500,000-520,000 units this year," said Ray.
Tuesday, October 20, 2009
TOYOTA UNVEILS NEW HYBRID-ONLY VEHICLE
Toyota has unveiled a new hybrid-only model that is bigger and more expensive than its popular Prius, underlining the Japanese auto-maker's ambitions to make "green technology" more wide spread.
The Sai sedan is Toyota's second hybrid-ontly model after the Pruis. Toyota offers hybrid versions of other models.
Sai, which means "talent" and "colour", will be sold only in Japan starting on December 7, targeting monthly sales of 3,000 vehicles. No global sales plans have been decided, the world's biggest auto-maker said yesterday.
Hybrids get better mileage than regular petrol-engine cars by switching between an electric motor and a petrol engine. Other auto-makers are also beefing up their hybrid line-ups, including hybrid-only models.
Government incentives, including "Cash for Clunkers" programmes and tax breaks, have Prius orders soaring in Japan. The waiting list for the car has grown to several months.
Hybrid sales in Japan have been the one bright spot for Toyota, which has been losing money, battered by the global economic downturn.
The Sai gets 23 kilometres per litre, half the fuel consumption of a comparable petrol-engine model, Toyota said. The Prius gets 38 kilometres per litre under Japanese conditions.
The Sai comes with a bigger 2.4-litre engine than the 1.8-litre Priusm is roomier and has fancier features, such as an interior made from plastic that uses plant-deruved materials.
It is also more expensive, starting at 3.38 million yen (Bt1.25 million). The third-generation Prius, which went on sale earlier this year, starts at just over 2 million yen in Japan.
The Sai looks rather sedate compared with the Prius, with its more circular styling.
"This model shows our hopes to make hybrids more widespread," said Toyota offical Takuji Nakamoto.
Like the Prius, the Sai will be sold at all dealer outlets in Japan, totalling about 4,000 around the country. Some Toyota models are sold at only some of the showrooms, because they are designed to appeal to certain kinds of consumers. The Sai will be assembled at Toyota's Kyushu plant in south-western Japan.
The Prius is the world leader in petrol-electric hybrid sales, selling more than 1.4 million vehicles since its debut a decade ago.
The Sai comes with a bigger 2.4-litre engine than the 1.8-litre Prius, is roomier and has fancier features, such as an interior mamde from plastic that uses plant-derived materials.
The Sai sedan is Toyota's second hybrid-ontly model after the Pruis. Toyota offers hybrid versions of other models.
Sai, which means "talent" and "colour", will be sold only in Japan starting on December 7, targeting monthly sales of 3,000 vehicles. No global sales plans have been decided, the world's biggest auto-maker said yesterday.
Hybrids get better mileage than regular petrol-engine cars by switching between an electric motor and a petrol engine. Other auto-makers are also beefing up their hybrid line-ups, including hybrid-only models.
Government incentives, including "Cash for Clunkers" programmes and tax breaks, have Prius orders soaring in Japan. The waiting list for the car has grown to several months.
Hybrid sales in Japan have been the one bright spot for Toyota, which has been losing money, battered by the global economic downturn.
The Sai gets 23 kilometres per litre, half the fuel consumption of a comparable petrol-engine model, Toyota said. The Prius gets 38 kilometres per litre under Japanese conditions.
The Sai comes with a bigger 2.4-litre engine than the 1.8-litre Priusm is roomier and has fancier features, such as an interior made from plastic that uses plant-deruved materials.
It is also more expensive, starting at 3.38 million yen (Bt1.25 million). The third-generation Prius, which went on sale earlier this year, starts at just over 2 million yen in Japan.
The Sai looks rather sedate compared with the Prius, with its more circular styling.
"This model shows our hopes to make hybrids more widespread," said Toyota offical Takuji Nakamoto.
Like the Prius, the Sai will be sold at all dealer outlets in Japan, totalling about 4,000 around the country. Some Toyota models are sold at only some of the showrooms, because they are designed to appeal to certain kinds of consumers. The Sai will be assembled at Toyota's Kyushu plant in south-western Japan.
The Prius is the world leader in petrol-electric hybrid sales, selling more than 1.4 million vehicles since its debut a decade ago.
The Sai comes with a bigger 2.4-litre engine than the 1.8-litre Prius, is roomier and has fancier features, such as an interior mamde from plastic that uses plant-derived materials.
Wednesday, October 14, 2009
BMW PLANS RANGE OF ECOFRIENDLY CARS
German carmaker BMW plans to boost the number of frugal,ecofriendly models in its range.
Norbert Reithofer, who will soon take over as board chairman, made the announcement in Leipzig, wher BMW unveiled its new X1 compact off-roader.
The move marks an expansion of BMW's Efficien Dynamics strategy aimed at cutting the fuel consumption of its vehicle line-up by as much as 15 per cent.
At the recent Frankfurt car show, BMW showed petrol-electric hybrid versions of the full-size X6 sport-utility vehicle and the 7 Series limousine.
"In the medium term, we want to hybridise the range right down to the 3 Series," Reithofer said.
Future BMW technology will include full hybrids in which the internal-combustion enginecharges batteries for electric running and plug-in versions that use mains power to charge on-board power packs regularly.
BMW is concentrating on what it calls "Project 1",a"mega-city vehicle" due to be slotted in below the present upmarket range.
"By 2015, this family of vehicles will include a battery electric," Reithofer said.
In the long-term, Reithofer believes internal-combustijon engines that burn hydrogen are the way ahead for BMW.
"We will remain loyal to this technology," he said.
The focus is now on designng a better fuel tank to store liquid hydrogen on board. Onece this problem has been solved, a new generation of demonstration vehicles will emerge.
Although BMW has been successfully experimenting with hydrogen power for more than 20 years, the technology has been hampered by bulky fuel tanks and the lack of a hydrogen-filling-station infrastructure.
AT THE RECENT Frankfurt car show, BMW highlighted petrol-electric hybrid versions of the full-size X6 sport-utility vehicle and the 7 Series limousine.
Norbert Reithofer, who will soon take over as board chairman, made the announcement in Leipzig, wher BMW unveiled its new X1 compact off-roader.
The move marks an expansion of BMW's Efficien Dynamics strategy aimed at cutting the fuel consumption of its vehicle line-up by as much as 15 per cent.
At the recent Frankfurt car show, BMW showed petrol-electric hybrid versions of the full-size X6 sport-utility vehicle and the 7 Series limousine.
"In the medium term, we want to hybridise the range right down to the 3 Series," Reithofer said.
Future BMW technology will include full hybrids in which the internal-combustion enginecharges batteries for electric running and plug-in versions that use mains power to charge on-board power packs regularly.
BMW is concentrating on what it calls "Project 1",a"mega-city vehicle" due to be slotted in below the present upmarket range.
"By 2015, this family of vehicles will include a battery electric," Reithofer said.
In the long-term, Reithofer believes internal-combustijon engines that burn hydrogen are the way ahead for BMW.
"We will remain loyal to this technology," he said.
The focus is now on designng a better fuel tank to store liquid hydrogen on board. Onece this problem has been solved, a new generation of demonstration vehicles will emerge.
Although BMW has been successfully experimenting with hydrogen power for more than 20 years, the technology has been hampered by bulky fuel tanks and the lack of a hydrogen-filling-station infrastructure.
AT THE RECENT Frankfurt car show, BMW highlighted petrol-electric hybrid versions of the full-size X6 sport-utility vehicle and the 7 Series limousine.
Tuesday, October 13, 2009
CHEAP THRILLS, WITH DARN GOOD LOOKS
It's time for thinking like a kid again, because I guess that's what this car demands.
Imagine, then, a 20-something man sitting and dreaming as his office hours tick away, lost in a trance of his own. He has no motivation to work despite the boss's deadlines. Does he sound familiar?
It's his first job, and he spends a lot of time dreaming of a big salary, being the boss, flashing a company credit card and, most of all, driving an impressive car. But he's been at work long enough to know nothing comes easily; there's a long way to go, and it seems he's mired in mediocrity. How much would a good car change his attitude?
The grim reality is his ony choices for a new car that won't make him "save on that Coke" at lunch are a Honda or a Toyota. And if he feels the need to modify it to turn a few heads, that'll cost a little more.
The solution may be (and here comes the reason for all of this) the Proton Neo CPS.
The CPS is a slightly higher-performance version of its little sister, the Neo - a car that looks good and feels great to drive but has poor acceleration. When Phranakorn Auto Sales, the Proton distributor in Thailand, realised many buyers of standard Neos Neos modified their cars, it seemed logical they should bring in a hotshot version.
The Neo CPS comes with every addition to slacken the jaws of boy racers. Possibly the first most obvious modification is the huge spoilder that sticks out at the rear. Then there is an agressive body kit that includes a front bumper, rear diffuser and side skirts. It makes the Neo CPS a far more menacing sight in a rear-view mirror than the standard model.
What may be a little overdone are the large wheel arches with bolts on them. While the intention was to lend the Neo CPS a sence of power, the small wheels mena it looks more like a scrawny teenager wearing his daddy's suit. However, new 16-inch alloy wheels attempt to improve the look. On the inside, the modifications are more limited. There is red trim on the seats, door handles and gear lever. "Premium" is a word that simply does not apply in this case. Some might even call it tacky.
However, the modifications that have created the Neo CPS are not all superficial gloss. The front track has been narrowed by 3 millimetres, while the rear has been widened by 13mm - a change made because Proton accepts that the standard Neo suffers from a little too much oversteer. The 1.6-litre engine produces 125 horsepower, compared with 110hp in the standard Neo.
As I mentioned earlier, the standard Neo is already a good car to drive. Its weakest link is the engine, which is simply underpowered. You'd think the 15hp addition would make things better with the CPS, but dig deeper into the spec sheet, and you'll see a weight increase of 43 kilograms.
It's when trying to ovetake that you realise how sluggish the Neo CPS sremains. Like a barking dog with no bite, the Neo CPS will growl all the way to 160kph. But unless you've got a good few minutes and long stretch of empty road, don't try it. The Neo CPS is most comfortable at speeds of 80-110kph. Another annoying fact is that at any point above 2,500rpm, the engine is tool loud for comfort, and you become sligthly tone deaf at speeds of 120-140kph.
At the rear of the Neo CPS, there's a badge that says: "Handling by Lotus." This signifies that the British sports-car company owned by Proton was involved in beefing up the car's handling. The Neo CPS does handle sharper and holds it ground well in corners.
But while it can still be considered a driver's car, what the Neo CPS lacks are the little details that lead to perfection. Like a 170-centimentre shorty like me. You head is too close to the roof, and not being low enough diminished the dricing experience. Then there are low-quality plastics and a sound system that can turn some buyers away.
If I've given you negative impressions of the Neo CPS, then let me turn that around with a number: Bt698,000. That makes it the cheapest and best-looking driver;s car available in the Thai market. But there remainsa dilemma. A standard Neo costs Bt564,000, a whole Bt134,000 cheaper. Is it better value to buy a standard version and slap on some modifications later? Considering the car's cost is similar to that of a Yaris or a Jazz, it may become an emotional decision.
If you're that 20-something man mentioned above, go for the CPS and drive the wheels off of it! You're sure to be satisfied, if not on the road, then certainly emotionally.
Imagine, then, a 20-something man sitting and dreaming as his office hours tick away, lost in a trance of his own. He has no motivation to work despite the boss's deadlines. Does he sound familiar?
It's his first job, and he spends a lot of time dreaming of a big salary, being the boss, flashing a company credit card and, most of all, driving an impressive car. But he's been at work long enough to know nothing comes easily; there's a long way to go, and it seems he's mired in mediocrity. How much would a good car change his attitude?
The grim reality is his ony choices for a new car that won't make him "save on that Coke" at lunch are a Honda or a Toyota. And if he feels the need to modify it to turn a few heads, that'll cost a little more.
The solution may be (and here comes the reason for all of this) the Proton Neo CPS.
The CPS is a slightly higher-performance version of its little sister, the Neo - a car that looks good and feels great to drive but has poor acceleration. When Phranakorn Auto Sales, the Proton distributor in Thailand, realised many buyers of standard Neos Neos modified their cars, it seemed logical they should bring in a hotshot version.
The Neo CPS comes with every addition to slacken the jaws of boy racers. Possibly the first most obvious modification is the huge spoilder that sticks out at the rear. Then there is an agressive body kit that includes a front bumper, rear diffuser and side skirts. It makes the Neo CPS a far more menacing sight in a rear-view mirror than the standard model.
What may be a little overdone are the large wheel arches with bolts on them. While the intention was to lend the Neo CPS a sence of power, the small wheels mena it looks more like a scrawny teenager wearing his daddy's suit. However, new 16-inch alloy wheels attempt to improve the look. On the inside, the modifications are more limited. There is red trim on the seats, door handles and gear lever. "Premium" is a word that simply does not apply in this case. Some might even call it tacky.
However, the modifications that have created the Neo CPS are not all superficial gloss. The front track has been narrowed by 3 millimetres, while the rear has been widened by 13mm - a change made because Proton accepts that the standard Neo suffers from a little too much oversteer. The 1.6-litre engine produces 125 horsepower, compared with 110hp in the standard Neo.
As I mentioned earlier, the standard Neo is already a good car to drive. Its weakest link is the engine, which is simply underpowered. You'd think the 15hp addition would make things better with the CPS, but dig deeper into the spec sheet, and you'll see a weight increase of 43 kilograms.
It's when trying to ovetake that you realise how sluggish the Neo CPS sremains. Like a barking dog with no bite, the Neo CPS will growl all the way to 160kph. But unless you've got a good few minutes and long stretch of empty road, don't try it. The Neo CPS is most comfortable at speeds of 80-110kph. Another annoying fact is that at any point above 2,500rpm, the engine is tool loud for comfort, and you become sligthly tone deaf at speeds of 120-140kph.
At the rear of the Neo CPS, there's a badge that says: "Handling by Lotus." This signifies that the British sports-car company owned by Proton was involved in beefing up the car's handling. The Neo CPS does handle sharper and holds it ground well in corners.
But while it can still be considered a driver's car, what the Neo CPS lacks are the little details that lead to perfection. Like a 170-centimentre shorty like me. You head is too close to the roof, and not being low enough diminished the dricing experience. Then there are low-quality plastics and a sound system that can turn some buyers away.
If I've given you negative impressions of the Neo CPS, then let me turn that around with a number: Bt698,000. That makes it the cheapest and best-looking driver;s car available in the Thai market. But there remainsa dilemma. A standard Neo costs Bt564,000, a whole Bt134,000 cheaper. Is it better value to buy a standard version and slap on some modifications later? Considering the car's cost is similar to that of a Yaris or a Jazz, it may become an emotional decision.
If you're that 20-something man mentioned above, go for the CPS and drive the wheels off of it! You're sure to be satisfied, if not on the road, then certainly emotionally.
Sunday, October 11, 2009
Opel rescue is dogged by European divisions
Tempers are rising in Europe over Germany's promise of billions of euros in state aid to support the sale of General Motors' loss-making European unit Opel/Vauxhall.
In a preliminary deal announced in Berlin with great fanfare on September 10, GM is selling a 55-per-cent stake to canadian auto parts-maker Magna and Russian state-onwed lender Sberbank.
Chancellor Angela Merkel's government, keen to safeguard the jobs of Opel's 25,000 German employees, half the total, agreed to sweeten the deal with Euro4.5 billion (Bt221 billion) worth of public money.
Merkel, Forbes magazine's most powerful woman on the planet for four years running, was eager to secure a rescue before elections on September 27. She duly won a second term.
The financing was contingent, however, on other European governments where Opel has plants, such Britain, Spain, Poland and Belgium, stepping up to the plate and providing their own taxpayers' money too.
But instead, the deal has been met with grumbling, with these countries unwilling to stump up cash for a deal that they see as only guaranteeing German jobs and keeping German plants up and running.
With Opel losing money fast, dependent on a market wher too many cars are being made for too few customers, Magna is reported to be looking to take around 10,500 workers off the payroll.
British Prime Minister Gordon Brown's government, which has a far tougher re-election battle than Merkel waiting for it next year, has made clear that it is not amused.
Peter Mandelson, British business secretary, told the Financial Times in Seoul last Thursday he could not "sign off" on the deal in its current form, citing "shortcomings" identified in an independent auditors' report.
Britain, where Vauxhall employs 4,700 people, is ready to provide Euro400 million in loan guarantees, but first wants assurances that two plants in Luton and Ellesmere Port remain open, the FT said.
Spain, where Opel employs 7,000 people in Zaragoza province, has also been up in arms, with Industry Minister Miguel Sebastian boycotting a European meeting on Opel in Berlin on Friday.
"We have never been favourable ot Magna's offer," a spokesman in Madrid said on Friday, with Sebastian "pretty unhappy" after the last gettogether in the German capital.
Instead, Sebastian met with Magna boss Siegfried Wolf, appearing aftwards slightly more conciliatory, pledging to improve "communication problems" with the Canadian firm.
In a preliminary deal announced in Berlin with great fanfare on September 10, GM is selling a 55-per-cent stake to canadian auto parts-maker Magna and Russian state-onwed lender Sberbank.
Chancellor Angela Merkel's government, keen to safeguard the jobs of Opel's 25,000 German employees, half the total, agreed to sweeten the deal with Euro4.5 billion (Bt221 billion) worth of public money.
Merkel, Forbes magazine's most powerful woman on the planet for four years running, was eager to secure a rescue before elections on September 27. She duly won a second term.
The financing was contingent, however, on other European governments where Opel has plants, such Britain, Spain, Poland and Belgium, stepping up to the plate and providing their own taxpayers' money too.
But instead, the deal has been met with grumbling, with these countries unwilling to stump up cash for a deal that they see as only guaranteeing German jobs and keeping German plants up and running.
With Opel losing money fast, dependent on a market wher too many cars are being made for too few customers, Magna is reported to be looking to take around 10,500 workers off the payroll.
British Prime Minister Gordon Brown's government, which has a far tougher re-election battle than Merkel waiting for it next year, has made clear that it is not amused.
Peter Mandelson, British business secretary, told the Financial Times in Seoul last Thursday he could not "sign off" on the deal in its current form, citing "shortcomings" identified in an independent auditors' report.
Britain, where Vauxhall employs 4,700 people, is ready to provide Euro400 million in loan guarantees, but first wants assurances that two plants in Luton and Ellesmere Port remain open, the FT said.
Spain, where Opel employs 7,000 people in Zaragoza province, has also been up in arms, with Industry Minister Miguel Sebastian boycotting a European meeting on Opel in Berlin on Friday.
"We have never been favourable ot Magna's offer," a spokesman in Madrid said on Friday, with Sebastian "pretty unhappy" after the last gettogether in the German capital.
Instead, Sebastian met with Magna boss Siegfried Wolf, appearing aftwards slightly more conciliatory, pledging to improve "communication problems" with the Canadian firm.
Friday, October 9, 2009
Deal near on Hummer sale
General Motors Co is poised to sign a deal to sell its Hummer brand to a Chinese heavy equipment manufacturer, according to a person briefed on the deal.
"Representatives of Sichuan Tengzhong Heavy Industrial Machinery Corp have been in the US for the past nine days working on final details with GM,and both sides hope to sign a definitive sales agreement on Thursday or Friday,"said the person, who asked not to be identified because the deal is not final.
The purchase price was not known,but GM said in its bankruptcy filing that Hummer might bring $500 million or more.
Hummer, whose smallest model gets 16 miles per gallon (14.7 litres per 100 kilometres) in combined city and highway driving, sold well until the middle part of this decade when fuel prices began to rise.
Through September, GM has sold only 8,193 Hummers in the US this year, down 64% from the same period last year. In September, only 426 Hummers were sold nationwide, according to Autodata Corp.
GM, which spent 40 days in bankruptcy protection during the summer and has received about $50 billion in US government aid, plans to sell its Hummer and Saab brands and scrap Pontiac and Saturn as it tries to streamline its operations. The company wants to focus on four core brands: Chevrolet, Cadillac,Buick and GMC.
Once the deal is signed, it still must be approved by the US and Chinese governments, and Chinese regulators initially expressed reservations about Tengzhong's ability to operate such an enterprise.
GM already has seen one similar deal blow up at the last minute. Last week,auto dealership magnate Roger Penske's bid to buy the Saturn brand fell apart just before the deal was finalised when a contract to make vehicles was rejected by the Renault board.
Hummer spokesman Nick Richards in Detroit would not comment on the timing of the deal.
In June, Sichuan Tengzhong announced that it had a tentative agreement with GM to buy the brand, which features large off-road vehicles that initially were developed for military use.
The consumer version of the Hummmer H3 and H3T pickup are assembled at the GM plant in Shreveport, Louisiana,which is slated for closure no later than June 2012. The larger H2 was made under contract with South Bend, Indiana-based AMGeneral LLC, which also makes military versions of the vehicles. The workhorse military vehicles used in Iraq and Afghanistan are not a part of the deal.
The deal with Sichuan Tengzhong has long been expected. The Michigan Economic Development Authority in September approved a state tax credit worth $20.6 million over 10 years to help Hummer to build a headquarters in the Detroit area.
The tax credit is contingent on Sichuan Tengzhong closing the deal for Hummer with GM, although a memo to the economic development authority said all definitive documents for the sale have been signed by the companies.
The headquarters would house global design, engineering, product planning,purchasing, sales, service, marketing and financing, Richards said.
"Representatives of Sichuan Tengzhong Heavy Industrial Machinery Corp have been in the US for the past nine days working on final details with GM,and both sides hope to sign a definitive sales agreement on Thursday or Friday,"said the person, who asked not to be identified because the deal is not final.
The purchase price was not known,but GM said in its bankruptcy filing that Hummer might bring $500 million or more.
Hummer, whose smallest model gets 16 miles per gallon (14.7 litres per 100 kilometres) in combined city and highway driving, sold well until the middle part of this decade when fuel prices began to rise.
Through September, GM has sold only 8,193 Hummers in the US this year, down 64% from the same period last year. In September, only 426 Hummers were sold nationwide, according to Autodata Corp.
GM, which spent 40 days in bankruptcy protection during the summer and has received about $50 billion in US government aid, plans to sell its Hummer and Saab brands and scrap Pontiac and Saturn as it tries to streamline its operations. The company wants to focus on four core brands: Chevrolet, Cadillac,Buick and GMC.
Once the deal is signed, it still must be approved by the US and Chinese governments, and Chinese regulators initially expressed reservations about Tengzhong's ability to operate such an enterprise.
GM already has seen one similar deal blow up at the last minute. Last week,auto dealership magnate Roger Penske's bid to buy the Saturn brand fell apart just before the deal was finalised when a contract to make vehicles was rejected by the Renault board.
Hummer spokesman Nick Richards in Detroit would not comment on the timing of the deal.
In June, Sichuan Tengzhong announced that it had a tentative agreement with GM to buy the brand, which features large off-road vehicles that initially were developed for military use.
The consumer version of the Hummmer H3 and H3T pickup are assembled at the GM plant in Shreveport, Louisiana,which is slated for closure no later than June 2012. The larger H2 was made under contract with South Bend, Indiana-based AMGeneral LLC, which also makes military versions of the vehicles. The workhorse military vehicles used in Iraq and Afghanistan are not a part of the deal.
The deal with Sichuan Tengzhong has long been expected. The Michigan Economic Development Authority in September approved a state tax credit worth $20.6 million over 10 years to help Hummer to build a headquarters in the Detroit area.
The tax credit is contingent on Sichuan Tengzhong closing the deal for Hummer with GM, although a memo to the economic development authority said all definitive documents for the sale have been signed by the companies.
The headquarters would house global design, engineering, product planning,purchasing, sales, service, marketing and financing, Richards said.
Wednesday, October 7, 2009
Honda sales to beat forecast
Honda Motor Co, Japan's second-largest carmaker, expects full-year vehicle sales in India and Thailand to exceed forecasts,the company's head of Asia operations said.
Sales in Thailand this calendar year may reach last year's level, compared with a forecast for a 20% decline, while sales in India will fare better than the estimated 20-30% drop, Fumihiko Ike,president of Asian Honda Motor Co,said in an interview in Tokyo yesterday.
Compared with Europe and the United States, recovery of these Asian economies has been slightly faster, Mr Ike said.Banks started loosening credit relatively early, which has helped because a high ratio of people buy cars and motorcycles on credit.
Economic recoveries in India and Thailand are boosting sales of Honda's Jazz and City compact cars. India's economic growth may accelerate to as much as 7.8% this year as the US economy shows signs of bottoming out, the finance ministry said recently.
Thailand's economy is sure to grow this quarter for the first time in a year as government spending and improving global demand spur expansion, Finance Minister Korn Chatikavanij said this week.
Honda started selling the Jazz compact in India in June. The company also plans to introduce a small car targeting India and Thailand, which will be smaller than the Jazz, within two to three years, Mr Ike said.
It may export the car from Thailand to other countries in the region, he added.
"There is a huge income disparity gap in these countries, and our new product will meet untapped demand,"he said.
The car, with an engine of less than 1.2 litres, will qualify for Thailand's ecocar project. The car would be sold in India at a price equivalent to the average annual salary, Mr Ike said.
Sales in Thailand this calendar year may reach last year's level, compared with a forecast for a 20% decline, while sales in India will fare better than the estimated 20-30% drop, Fumihiko Ike,president of Asian Honda Motor Co,said in an interview in Tokyo yesterday.
Compared with Europe and the United States, recovery of these Asian economies has been slightly faster, Mr Ike said.Banks started loosening credit relatively early, which has helped because a high ratio of people buy cars and motorcycles on credit.
Economic recoveries in India and Thailand are boosting sales of Honda's Jazz and City compact cars. India's economic growth may accelerate to as much as 7.8% this year as the US economy shows signs of bottoming out, the finance ministry said recently.
Thailand's economy is sure to grow this quarter for the first time in a year as government spending and improving global demand spur expansion, Finance Minister Korn Chatikavanij said this week.
Honda started selling the Jazz compact in India in June. The company also plans to introduce a small car targeting India and Thailand, which will be smaller than the Jazz, within two to three years, Mr Ike said.
It may export the car from Thailand to other countries in the region, he added.
"There is a huge income disparity gap in these countries, and our new product will meet untapped demand,"he said.
The car, with an engine of less than 1.2 litres, will qualify for Thailand's ecocar project. The car would be sold in India at a price equivalent to the average annual salary, Mr Ike said.
Monday, October 5, 2009
Mazda to raise $1.1bn; narrows loss forecast
Mazda Motor Corp will raise as much as 96 billion yen ($1.1 billion)selling new and existing shares, as the company reported yesterday a smallerthan-predicted first-half loss.
"Mazda will sell as many as 363 million new shares and 96.8 million existing shares held by the Hiroshima-based carmaker," it said in a statement to the Tokyo Stock Exchange."Mazda will use the funds to develop less polluting cars and improve its financial base."
Mazda follows All Nippon Airways Co, Nomura Holdings Inc and Mizuho Financial Group Inc in raising cash by selling equity. The carmaker forecasts a second straight annual loss after the global recession cut automobile demand and a stronger yen reduced revenue from overseas sales.
"Mazda needs money to survive,"said Koichi Ogawa, chief portfolio manager at Daiwa SB Investments Ltd."It also needs funds to develop more fuelefficient cars."
Goldman Sachs Group Inc, Nomura Holdings Inc and Daiwa Securities SMBC Co will manage the share sale, according to a Finance Ministry filing.
The company posted a preliminary first-half net loss of 26 billion yen, compared with a prediction of 50 billion yen. It also narrowed its full-year loss forecast to 26 billion yen from 50 billion yen, citing government incentives that have stimulated car demand and a weaker yen against the euro.
The forecast is based on an exchange rate of 132 yen to the euro, compared with 125 yen in the previous forecast,and 92 yen to the dollar, compared with 95 yen previously. The euro traded at 131.34 yen and the dollar at 89.83 yen as of 4.48 p.m. in Tokyo yesterday.
The automaker raised its estimate for global vehicle sales this fiscal year to 1,155,000 from 1.1 million, after government rebates and tax cuts including the US cash for clunkers plan helped lift demand.
Mazda's vehicle sales dropped 26%in the US and 23% in Japan through September this year. Sales in Europe fell 21% through August.
The carmaker,13.8% owned by Ford Motor Co, has said it will improve fuel efficiency by 30% on average by 2015 compared with 2008 by introducing new gasoline and diesel engines.
The company registered in July to sell as much as 100 billion yen of bonds within two years, according to a Finance Ministry filing.
All Nippon Air, Asia's second-largest carrier, said in July it would raise as much as 142 billion yen selling new equity to buy planes, its first sale of shares since 2006.
"Mazda will sell as many as 363 million new shares and 96.8 million existing shares held by the Hiroshima-based carmaker," it said in a statement to the Tokyo Stock Exchange."Mazda will use the funds to develop less polluting cars and improve its financial base."
Mazda follows All Nippon Airways Co, Nomura Holdings Inc and Mizuho Financial Group Inc in raising cash by selling equity. The carmaker forecasts a second straight annual loss after the global recession cut automobile demand and a stronger yen reduced revenue from overseas sales.
"Mazda needs money to survive,"said Koichi Ogawa, chief portfolio manager at Daiwa SB Investments Ltd."It also needs funds to develop more fuelefficient cars."
Goldman Sachs Group Inc, Nomura Holdings Inc and Daiwa Securities SMBC Co will manage the share sale, according to a Finance Ministry filing.
The company posted a preliminary first-half net loss of 26 billion yen, compared with a prediction of 50 billion yen. It also narrowed its full-year loss forecast to 26 billion yen from 50 billion yen, citing government incentives that have stimulated car demand and a weaker yen against the euro.
The forecast is based on an exchange rate of 132 yen to the euro, compared with 125 yen in the previous forecast,and 92 yen to the dollar, compared with 95 yen previously. The euro traded at 131.34 yen and the dollar at 89.83 yen as of 4.48 p.m. in Tokyo yesterday.
The automaker raised its estimate for global vehicle sales this fiscal year to 1,155,000 from 1.1 million, after government rebates and tax cuts including the US cash for clunkers plan helped lift demand.
Mazda's vehicle sales dropped 26%in the US and 23% in Japan through September this year. Sales in Europe fell 21% through August.
The carmaker,13.8% owned by Ford Motor Co, has said it will improve fuel efficiency by 30% on average by 2015 compared with 2008 by introducing new gasoline and diesel engines.
The company registered in July to sell as much as 100 billion yen of bonds within two years, according to a Finance Ministry filing.
All Nippon Air, Asia's second-largest carrier, said in July it would raise as much as 142 billion yen selling new equity to buy planes, its first sale of shares since 2006.
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