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Japan's Denso to make advanced auto semiconductors in Malaysia
KUALA LUMPUR, NNA - Japanese auto parts maker Denso Corp. will start producing advanced automotive semiconductors in Malaysia as early as April following official approval of a fresh investment project. The Malaysian Investment Development Authority said in a joint statement with Denso on Wednesday that it has approved the 160 million ringgit (about $40 million) project by Denso's subsidiary, Denso Malaysia Sdn. Bhd., to expand its production capacity in Selangor state. Denso aims to establish a timely supply system and beef up production in Malaysia, where infrastructure is stable and the sem...
NNA Business News
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Cherokee Nation asks Jeep to 'retire' name of SUV
Washington (AFP) - The Cherokee Nation said Monday it has asked for its tribal name to be removed as a nameplate from Jeep sport utility vehicles and called for a dialogue with the automaker on "cultural appropriateness." The Native American group's principal chief Chuck Hoskin Jr asked Jeep's parent firm Stellantis "he does not condone" the use of the name Cherokee on the vehicles, according to a statement. Hoskin made the comments last month in response to an inquiry from Car & Driver and subsequently held a Zoom call with representatives of the automaker who had contacted him, the group sai...
AFP
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Honda India's dealership expansion intensifies premium bike competition in challenging auto market
By Atul Ranjan and Celine Chen NEW DELHI, NNA - Betting big on its premium motorcycles, Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI), is set to expand the number of its premium bike dealerships to drive its sales in the country, despite a cautious outlook for the pandemic-hit Indian auto industry. HMSI, the subsidiary of Japan’s Honda Motor Co., is speeding up the pace of increasing the number of BigWing outlets to over 50 by the end of next month (March). The move is likely to escalate competition in the middleweight bike category especially after Hero MotoCorp allied with America's Harl...
NNA Business News
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Great Wall sold 1.11 million cars, launched Thai EV business for Asian growth
BANGKOK, NNA - China's leading automobile and SUV producer, Great Wall Motor Co. (GWM), achieved record global sales of 1.11 million units last year despite challenging pandemic conditions across the world. The accomplishment bolstered by innovative car features was highlighted by Elliot Zhang, President, Great Wall Motor ASEAN and Thailand, in a statement on the company officially launching its Thailand business last week with an announcement on its first two car models for the local market. In total, the global SUV and pickup truck maker plans to launch a total of nine models, mostly EVs, in...
NNA Business News
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Mitsubishi Electric to open FA products service center in Malaysia
KUALA LUMPUR, NNA - Mitsubishi Electric Corp. will open a factory automation products service center in Malaysia on March 1 to cater to the growing needs of Japanese and local corporate clients in the Southeast Asian country. The new FA service outlet will be Mitsubishi's first in Malaysia and located at its subsidiary, Mitsubishi Electric Sales Malaysia Sdn. Bhd., in Selangor state, the Tokyo-based company said in a press release Monday. Mitsubishi hopes for solid demand for its FA services in Malaysia from expanding local customer bases in electrical, electronic, automotive, food and beverag...
NNA Business News
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Yokohama Rubber to boost mold output in Thailand
BANGKOK, NNA - Major Japanese tire maker Yokohama Rubber Co. will expand its tire mold production capacity in Thailand as part of efforts to ensure stable supply in Southeast Asia. Yokohama Rubber said in a press release Friday that the company's mold production subsidiary, Yokohama Mold Co., has started construction of new manufacturing facilities at its Thai unit in January, with completion set for late this year. Neither the scale of expansion nor investment has been disclosed. The Thai unit, Yokohama Mold (Thailand) Co., was founded in 2018 in Rayong Province. It supplies tire mold for use...
NNA Business News
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Japan's Nexty Electronics partners with S. Korean image radar firm
SEOUL, NNA - Japan's Nexty Electronics Corp., an electronic trading arm of Toyota Tsusho Corp., has formed a capital and business alliance with a South Korean developer of high-performance image radar modules. Nexty Electronics said in a Feb. 3 statement that its partnership with Smart Radar System Inc. will provide various applications including watching over elderly people and children, home security, robotics and smart vehicle technologies. The Tokyo-based firm said the alliance combines its semiconductor and other hardware technologies with Smart Radar's versatile image radar technologies ...
NNA Business News
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New platform for Indonesian SMEs to target Greater China garners investments too
JAKARTA, NNA – Indonesia's trade ministry has set up a digital marketplace to help small and medium enterprises (SME) sell their products especially to China, Hong Kong and Taiwan. Trade Minister Muhammad Lutfi said the IDNStore or Indonesia Store aims to facilitate business-to-business (B2B) and business-to-consumer (B2C) activities between Indonesian businesses and potential partners and buyers in the three destinations. While IDNStore targets Greater China, people in other parts of the world can also buy or do business with Indonesian businesses on the platform. “This is the right moment fo...
NNA Business News
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Global car-chip shortage not likely to ease till Q3 despite Taiwan semiconductors' efforts
By Gloria Cho TAIPEI, NNA - Major Taiwanese semiconductor makers said they are making efforts to help ease global shortage in automotive chips, an unforeseen crisis that has crippled car production around the world. Already, chip makers have reached full capacity for earlier commitments to cater to the surge in 5G smartphones, laptops and other devices required for remote-work arrangements as a result of lockdowns to control the COVID-19 pandemic. Even as they are trying to make adjustments to accommodate the demands of automotive makers, they could only deliver meaningful supplies from the th...
NNA Business News
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Ford to put Google cloud to work in cars and factories
San Francisco (AFP) - Ford and Google on Monday announced an alliance to put the internet giant's cloud computing to work powering in-car services and factory-floor efficiencies. The six-year partnership includes establishing a new group called Team Upshift devoted to interweaving online computing with on-road vehicles in new ways, such as ownership deals based on data, according to the companies. "Google and Ford coming together establishes an innovation powerhouse truly able to deliver a superior experience for our customers and modernize our business," Ford chief executive Jim Farley said i...
AFP
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