Rolls-Royce Awarded Power and Propulsion Contract for Singapore Ice-Class Vessel
Rolls-Royce has secured a contract to supply a power and propulsion package for a high-end ice-class multi-purpose vessel under construction at Keppel Singmarine for Singapore ship owner New Orient Marine Pte Ltd.
Rolls-Royce Asia Pacific : Better Power for a Changing World
The influence of Rolls-Royce in the Asia Pacific region continues to grow year-on-year as its Singapore Seletar Campus lays the foundations for a productive future.
Nissan says H1 Net Profit Rose 25% to US$2.3 Billion
Japan’s number-two automaker Nissan said it earned ¥237 billion in the April-September period, up from ¥189.82 billion a year ago, while sales rose 8.2 per cent to ¥5.14 trillion.
China Auto Sales Rise 14% as Foreign Brands Target Small Cities
Passenger-vehicle sales in China rose last month, as foreign automakers stepped up their push into smaller cities with cheaper models in a challenge to local carmakers, Bloomberg reports. Retail deliveries of cars, multipurpose and sport utility vehicles climbed 14 percent to 1.47 million units in June, the Passenger Car Association said on its website in early July. For the first six months, sales rose 11 percent to 9.09 million. Foreign automakers are targeting China’s smaller cities as the country’s major population centres increasingly restrict the number of passenger vehicles to curb pollution and congestion. That’s led to the introduction of cheaper models to compete with local carmakers, which have struggled to stem a loss in market share in the world’s largest auto market. “Automakers are focusing their product launches on the lower- and mid-end of the market,” said Harry Chen, a Shenzhen-based analyst at Guotai Junan Securities Co. Ltd. “When new products come into the market, it stimulates sales.” General Motors Co. (GM) introduced the Aveo subcompact sedan last month, while Volkswagen AG started sales of the new Polo compact sedan at the end of May, according to the companies. At a starting price of 73,900 yuan ($12,000), the Aveo is cheaper than BYD Co. (1211)’s G6 sedan and compares with the 68,800 yuan price tag for Geely Automobile Holdings Ltd. (175)’s EC7 sedan, according to pricing data from GM and car-shopping website autohome.com. The competition is eating into the market share for Chinese brands. China’s local marques accounted for 21.5 percent of industry car sales…
Rolls Royce Enters Cambodia Market
British luxury auto maker Rolls Royce has set its sights on one of Asia’s poorest but fastest growing nations: Cambodia.
Japan’s Top Car Makers Speed up Arrival of Fuel-Cell Cars
Some of Japan’s top car makers – including the well-known Toyota Motors – are joining forces to speed up the arrival of the fuel cell powered car.
Nissan Unveils New All-Electric Car
Nissan has revealed its second all-electric vehicle in the Japanese car-market’s latest nudge towards the eco-friendly car sector.
Toyota retains global auto sales crown in 2013 and predicts 2014 sales above 10m vehicles
Toyota Motor Corp retained its rank as the world’s best-selling automaker last year, beating out rivals General Motors Co and Volkswagen AG for the second year in a row
Daimler takes 12% stake in its Chinese partner BAIC
Mercedes-Benz owner Daimler AG has taken a 12 percent stake in its Chinese partner Beijing Automotive Group (BAIC Group), one of China’s biggest car makers.
Toyota profit jumps, raises FY forecast
The world’s biggest carmaker, Toyota, has reported a net profit of one trillion yen for the six months to the end of September.
