Tag: Auto

Retail Asia04/11/2022
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1min0
Electric vehicle startup Canoo Inc said on Wednesday it would build a battery manufacturing facility at Pryor in Oklahoma with a capacity of 3,200 Megawatt hours production. The company’s Pryor facility will make proprietary battery modules, energy management system and thermal control technology, CEO and Chairman Tony Aquila said. Canoo added it will be the first electric vehicle […]

Retail Asia03/11/2022
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2min0
Volvo Cars reported sales of 54,317 cars in October, up 6.9 percent compared with the same month last year. The company’s line-up of Recharge models represented 36.8 percent of the sales last month, with fully electric cars accounting for 15 percent of total sales. During the January-to-October period, Volvo Cars’ retail sales reached 483,304 cars, […]

Retail Asia31/10/2022
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2min0
General Motors Co said late on Friday it had temporarily halted paid advertising on Twitter after Elon Musk completed his takeover of the social media company. The largest U.S. automaker said it was “engaging with Twitter to understand the direction of the platform under their new ownership.” Twitter did not immediately respond to a request […]

Retail Asia28/10/2022
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1min0
Tesla Inc is recalling just over 24,000 U.S. 2017-2022 Model 3 vehicles over a seat belt issue. The Austin-based electric vehicle company said the second-row left seat belt buckle and second-row center seat belt anchor may have been incorrectly reassembled during vehicle service. It told the National Highway Traffic Safety Administration it had reports of […]

Retail Asia17/10/2022
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2min0
British automaker McLaren opened its first official Vietnamese showroom in HCMC on Thursday. The McLaren HCM reseller, located at the Deutsches Haus building in HCMC’s District 1, is invested and run by S&S Group. With an authorized reseller in Vietnam, McLaren said it would deliver the newest supercars for the Vietnamese elite class. At the […]

Retail Asia17/10/2022
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1min0
Hang Xanh Motors Service Joint Stock Company, a major Mercedes-Benz car dealer, reported pre-tax profits of more than VND240 billion (US$10 million) in the first nine months, exceeding its full-year target. Consolidated revenues were up 50 percent year-on-year at VND5.17 trillion. In the third quarter they rose 2.7 times to VND2 trillion ($83.1 million). Haxaco’s […]

Retail Asia13/10/2022
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1min0
Auto sales rose by 8.5% in September to 33,463 units as the market slowly recovered amid tightening global spending. September marked a third straight month of increase in sales, according to the Vietnam Automobile Manufacturers Association (VAMA), which excludes the TC Group (which makes Hyundai cars) and VinFast. It represented a 247% rise year-on-year, admittedly […]

Retail Asia12/10/2022
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2min0
Japanese auto giant Nissan has announced its exit from the Russian market. The automaker’s Executive Committee approved the sale of its Russian operations to the state-owned NAMI, the Central Research and Development Automobile and Engine Institute. Nissan had stopped operations in Russia in March this year, following the invasion of Ukraine. It then ceased operations at the […]

Retail Asia10/10/2022
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2min0
TC Motor, a distributor and assembler of South Korean Hyundai vehicles in Vietnam, will start selling the popular Czech Skoda cars next year. Under a deal it signed with Skoda Auto in Hanoi on Oct. 7, TC will start by distributing imported Skoda cars first before assembling them. The two firms plan to build a […]


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