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10/05/2024 For complex iPhone AI tasks, Apple will use cloud-based servers running M-series chips ( Electronics )
10/05/2024 Samsung plans to add $1B to Vietnam investment annually ( Electronics )
08/05/2024 Digital content exporters open foreign offices to avoid tax ( General )
06/05/2024 WhatsApp’s new status update tray with previews is rolling out more widely in beta ( General )
02/05/2024 A Deep Dive into Grade A Buildings in Hong Kong ( General )
02/05/2024 Shopee races past other e-commerce rivals ( E-Tailing )
30/04/2024 TikTok, Facebook, and other foreign service providers pay $575M in taxes ( General )
29/04/2024 Sacombank assures no loss on $141M loan to Bamboo Airways ( General )
29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )
26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )

Retail Asia08/01/2024

Carmaker THACO has proposed a circular economy complex for mining and processing bauxite worth VND103 trillion (US$4.1 billion) in Lam Dong Province. The project, called Lam Dong 2 Aluminum Complex, will be carried out in Bao Lam, Da Huoai and Da Teh districts and Bao Loc City. It will encompass the entire process of mining […]

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Retail Asia17/03/2022

Tesla raised its prices in China and the United States for the second time in less than a week, after CEO Elon Musk said the U.S. electric carmaker was facing significant inflationary pressure in raw materials and logistics. The increases come as costs of raw materials are surging, exacerbated by supply chain disruptions following Russia’s […]

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Retail Asia17/01/2022

Renault is “relatively confident” about its business year but still sees some problems over chips supplies which it expects to be felt mostly in the first half of 2022, the French carmaker’s Chief Executive Officer said on Thursday. “We are relatively confident for 2022 but we know that it’s a volatile and uncertain world,” CEO […]

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Retail Asia04/01/2022

Tesla Inc’s shares started the year with stellar gains after the electric carmaker reported record deliveries for the fourth quarter, allaying fears of supply chain woes that have hit automakers. Shares of the world’s most valuable carmaker ended up 13.5% at $1,199.78 each on Monday, marking the biggest daily percentage gain in nearly 10 months. […]

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Retail Asia20/04/2021

Walmart has led a US$2.75 billion investment into self-driving carmaker Cruise, valuing the company at $30 billion. The investment marks increasing faith in the concept by the international retail giant which has already partnered with Cruise in a trial delivery service in Scottsdale, Arizona, announced last November. “Over the years we’ve been doing a lot […]

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Retail Asia03/02/2021

If it often befuddled you why carmakers like Ford were developing their own car infotainment system software, then that’s about to change. Ford has stated that starting in 2023, it will be turning to Google’s Android Automotive platform for the operating system of its vehicles and this will not be a one-off thing but rather […]

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Retail Asia04/01/2021

Henrik-Fisker-Drops-Hint-On-Next-EV-From-The-Automaker-1280x640.jpg

Famous car designer and the Chairman and CEO of Fisker Inc., Henrik Fisker, recently confirmed that its next product could be a lifestyle EV truck. He is known for some of the iconic cars such as BMW Z8, Aston Martin DB9, Aston Martin V8 Vantage, and Fisker Karma. Fisker confirmed this development through his official […]

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Retail Asia20/08/2019

Global car market is expected to slow this year and the continuing aftershocks of a sector-wide diesel cheating scandal will hit jobs at the world’s biggest component supplier Bosch, its boss said Tuesday. “Of course, we have to react to falling demand,” chief executive Volkmar Denner told Munich-based daily Sueddeutsche Zeitung when asked about possible […]

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Retail Asia31/05/2019

Swedish carmaker Volvo, which is owned by China’s Geely, is cutting several hundred jobs, Swedish radio reported on Friday citing sources.The carmaker, whose number of employees has more than doubled over the past decade to about 43,000, confirmed it was reviewing staff and other costs to ensure its business had the “right skills”. “As a growing […]

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Retail Asia20/02/2019

Hyundai Motor is considering releasing a range of bottled water inspired by its hydrogen fuel-cell vehicle Nexo, the company confirmed Monday. The automaker is hoping to use the Nexo-branded water to market its Nexo sport-utility vehicle (SUV) as pure and eco-friendly, like water. The unusual approach of using water to promote the car’s eco-friendly aspect […]

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Retail Asia20/02/2019

The chief of Hyundai Motor’s financial affiliates outlined the units’ digital strategy and future vision at IBM’s largest annual conference that ran through Friday in San Francisco. Chung Tae-yong, who heads Hyundai Card, Hyundai Capital and Hyundai Commercial, said that finely-tuning customization will take center stage in Hyundai’s approach to serving financial services’ clients. “The existing […]

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Retail Asia19/02/2019

The U.S. Commerce Department sent a report on Sunday to U.S. President Donald Trump that could unleash steep tariffs on imported cars and auto parts, provoking a sharp backlash from the industry even before it is unveiled, the agency confirmed. Late on Sunday, a department spokeswoman said it would not disclose any details of the […]

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Retail Asia13/02/2019

Truong Hai Auto Corporation (THACO) is planning to issue more than 30.3 million shares to a strategic shareholder. The company is currently collecting shareholders’ opinions on a draft resolution to authorize a private placement worth an estimated total of VND3.89 trillion ($167.19 million) to Jardine Cycle & Carriage, a Singaporean diversified conglomerate that specializes in […]

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Retail Asia13/02/2019

Mercedes-Benz outsold local carmakers in Korea to finish fourth in domestic sales in January, industry data showed Monday. The Korean unit of the German automaker sold 5,796 vehicles last month, equal to 4 percent of the total 114,632 vehicles. The sum places it fourth after Hyundai Motor (31.2 percent), Kia Motors (22.8 percent) and SsangYong […]

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Retail Asia13/02/2019

Korea’s auto production tumbled for a third consecutive year in 2018 amid weaker domestic and global demand, data showed Sunday. According to the data by the Korea Automobile Manufacturers Association (KAMA), Korea produced 4.03 million vehicles last year, down 2.1 percent from the previous year. The figure has been decreasing over the past three years […]

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Retail Asia11/02/2019

Korea needs to give equal emphasis to the development of battery electric vehicles and fuel cell cars, considering the estimated future demand and the country’s competitiveness, a report said Thursday. “It’s a well-known fact that our car manufacturers have the mass-production technology for fuel cell automobiles,” the report from the Korea Institute for Industrial Economics […]

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Retail Asia11/02/2019

The average unit price for exported automobiles last year reached a record high of $15,400, pushed up by the strong performance of sport-utility vehicles (SUVs), according to industry statistics Thursday. Monthly data from the Korea Automobile Manufacturers Association (KAMA) put total exports by five local carmakers last year at 2,447,903, down 3.2 percent from the […]

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Retail Asia04/02/2019

SsangYong Motor, the Korean unit of Indian carmaker Mahindra & Mahindra, said Thursday its net losses narrowed for the October-December period from a year earlier on a strengthened lineup. Net losses reached 3.99 billion won ($3.59 million) in the fourth quarter from 30.25 billion won a year ago, the company said in a statement. Robust […]

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Retail Asia30/01/2019

Kia Motors announced Monday it has begun rolling out the 2020 model of its Sorento sport-utility vehicle (SUV) for sale. The updated Sorento comes with new safety features applied to all of its diesel trims and a refreshed design. The diesel version of the compact crossover SUV will have smart safety features, such as lane […]

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Retail Asia29/01/2019

Hyundai Mobis, Korea’s biggest auto parts maker, said Friday it shifted to net profit in the October-December period due to a low base effect. A net profit of 419.8 billion won ($374.1 million) was achieved for the three months that ended in December, from a net loss of 168.6 billion won a year earlier, the […]

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