Bank Negara regrets MyCC’s decision to penalise PIAM, members  2020/09/30 14:53:30 The Sun Daily
PETALING JAYA: Bank Negara Malaysia (BNM) said it regrets the decision by the Malaysia Competition Commission (MyCC) to penalise Persatuan Insurans Am Malaysia (PIAM) over the application of trade discounts on parts prices and hourly labour rates for motor vehicle repairs by workshops under the PIAM Approved Repairers Scheme. In addition to the financial penalty, the commission has also directed the parties to cease and desist from implementing the agreed parts trade discount and the hourly labour rates, and subsequently such discounts and rates will be determined independently by individual insurers and workshops. MyCC found that PIAM and the insurers had infringed the Competition Act 2010 in relation to an arrangement between PIAM and the Federation of Automobile Workshop Owners’ Association of Malaysia (FAWOAM) on the minimum hourly labour rates and spare part prices for six commonly used vehicles, namely, Proton, Perodua, Naza, Nissan, Toyota and Honda. The central bank highlighted that arrangement was put in place through its facilitation and direction to the general insurers to address disputes between workshops and general insurance companies that had adversely impacted consumers.
   Festive season: Passenger vehicles in top gear  2020/09/29 11:08:10 Economic Times India
Getting into the upcoming festive season, passenger vehicles (PV) are in top gear signalling a turnaround of fortunes for the auto industry. According to industry estimates the PV industry sales is expected to be 2.8 -2.9 lakh units in September, a growth of around 25% over the corresponding month of FY20. This is due to higher capacity utilisation of auto majors over the last month. The growth this time in wholesales is also due to the inventory build up, for the upcoming festive season. Sustained demand for personal mobility post Covid and a higher offtake from rural markets are also helping the automakers clock good wholesale numbers , say experts. Leading the PV sales is the country’s largest car maker Maruti Suzuki on the back of improved sourcing supplies and an upbeat customer confidence. While Shashank Srivastava ,ED, Maruti Suzuki refused to comment on the PV volumes this month , he mentioned that wholesales is likely to exceed retails. "The subdued retails may be attributed to the inauspicious period of Shradh month followed by the Adik Maas.
   Significant mineral resources expansion at Kombat copper project  2020/09/29 08:22:14 Mining Review
Trigon Metals has announced a staggering 456% increase in the total mineral resources reported at its Kombat copper project in Namibia. The post Significant mineral resources expansion at Kombat copper project appeared first on .
   Toyota's annual global electrified vehicles sales could reach 5.5 million by 2025  2020/09/29 07:07:30 Channel NewsAsia
Toyota Motor Corp's annual global sales of electrified vehicles could reach 5.5 million in 2025, five years earlier than initially planned, a senior company executive said at an industry conference on Tuesday.
   Toyota's annual global electrified vehicles sales could reach 5.5 million by 2025 - executive  2020/09/29 06:55:44 Channel NewsAsia
Toyota Motor Corp's annual global sales of electrified vehicles could reach 5.5 million in 2025, five years earlier than initially planned, a senior company executive said at an industry conference on Tuesday.
   What Does it Take to be Worth $500 billion?  2020/09/14 18:59:18 ValueWalk
On August 31st Tesla‘s latest bull run ended when the stock closed at an all-time of $498.50 per share. At that price, the market cap value of Tesla was $464 billion, an amount greater than Ford, GM, Daimler, Volkswagen, and former number one Toyota put together. With Tesla approaching $500 billion, a level reached by […] The post What Does it Take to be Worth $500 billion? appeared first on ValueWalk .
   Pechito López quiere romper el récord de Nürburgring con el nuevo hiperdeportivo de Toyota  2020/09/14 16:22:08 Clarin
Es uno de los encargados de desarrollar el nuevo superauto de la marca japonesa.
   Unhappy With SoftBank's Stock Price, Masa Son Reportedly Considering Taking Company Private  2020/09/13 22:20:00 Zero Hedge
Unhappy With SoftBank's Stock Price, Masa Son Reportedly Considering Taking Company Private Tyler Durden Sun, 09/13/2020 - 18:20 Just like Donald Trump, SoftBank's Masa Son is especially sensitive about stock prices and one in particular: that of his own company, the second largest in Japan after Toyota. And, as we explained yesterday , Masa Son did not take to the recent slide in SoftBank's stock price kindly: as a reminder, SoftBank tumbled following news that it was the company behind the August gamma meltup (with call-buying retail investors coming along for the ride ), leading to " intense shareholder scrutiny of SoftBank’s recent aggressive bets on US technology stocks" and even the nickname the "Nasdaq whale." In response, SoftBank promptly leaked to Bloomberg that it was "reconsidering" its option strategy approach, although as even Bloomberg admitted, it was not clear "what changes might be made." It gets even more confusing because as the FT reports today , " the company sees itself increasingly as an investor and asset manager rather than a direct operator of businesses as it has been for its 39-year history " which as analysts noted, was the very reason why SoftBank's shares were pummeled as investors prompted disapproved of Masa Son's drift from his core "competency" (it remains to be seen just how competent he is in offloading his dozens of private portfolio companies at a profit).
   New Tesla challengers are scoring huge investments, but Nikola, Rivian, and Lucid may arrive too late to gain ground in the electric car market (TSLA, GM, NKLA, SPAQ)  2020/09/12 12:40:00 Business Insider
Summary List Placement As Tesla was busy becoming the most valuable automaker in the world, minting a market capitalization well over $350 billion, a bunch of new names were entering the electric-vehicle race. Lucid, Nikola, Fisker, and more either made big announcements or pulled the cover off new, Tesla-fighting designs. Nikola and Fisker both went public in 2020 through "special purpose acquisition companies." For Nikola, that meant an initial valuation of over $3 billion that quickly shot up to $13 billion, and for Fisker, a $3 billion valuation with a cool billion earmarked to bring the carmaker's first vehicle, the Ocean, to market. Lucid unveiled its Air sedan last week , amid considerable hoopla. Understandable, as the $170,000 top-trim of the car has performance specs that put the Tesla Model S in the rearview. It gets better. Fisker has rolled out plans to produce a family of three vehicles and, in interviews with Business Insider, CEO Henrik Fisker outlined a business model that seeks to turn the traditional paradigm of auto ownership on its head.
   10 Biggest Car Companies  2020/09/11 18:17:50 Investopedia
With Toyota leading the pack, these are the 10 biggest car companies by 12-month trailing revenue.
   Army veteran fatally shoots himself in the head in Facebook livestream  2020/09/08 11:17:31 New York Post
A 33-year-old Army veteran from Mississippi who served in Iraq shot himself in the head live on Facebook — and social media sites are still scrambling to remove the harrowing footage, which went viral more than a week ago, according to reports. Ronnie McNutt, who worked at a Toyota plant in Blue Springs, New Albany,…
   Bosch cerrará una fábrica en Cataluña con 300 empleados  2020/09/07 14:51:59 ABC Spain
La multinacional alemana Robert Bosch GmbH ha comunicado este lunes a los sindicatos su intención de clausurar sus instalaciones en Castellet, en la provincia de Barcelona. Se trata de una planta que produce motores para parabrisas para vehículos de diversas marcas, con unos 300 empleados en la actualidad. La intención de la empresa es que las instalaciones se clausuren a lo largo de 2021, tras un proceso de búsqueda de inversores industriales que no ha fructificado. Tampoco se logró vender la fábrica a un tercero, algo que Bosch exploraba desde 2014. Por ello, prevé iniciar de inmediato un proceso de negociación con los representantes sindicales que culmine en un ERE para la totalidad de la plantilla. Fuentes de la multinacional desvinculan la decisión de la clausura de Nissan en Barcelona, así como de la situación sociopolítica en la región, y aseguran que más del 80% de su producción se destinaba a la exportación . La achacan, por su parte, a la caída sostenida de este mercado a nivel mundial desde 2014, que ha dado lugar a una reestructuración de su división Electric Drives.
   Wall Street is walking away from traditional automakers in favor of untested electric car startups  2020/09/07 13:46:00 Business Insider
Summary List Placement Legacy automakers have been in a slump during recent years, while newer startups continue to climb. Electric vehicles seem to be on the forefront of investors' minds, even with few on the market. Stocks may change when some of these companies actually release vehicles. Visit Business Insider's homepage for more stories . Like legendary comedian Rodney Dangerfield, traditional automakers such as General Motors and Ford "don't get no respect." Not from Wall Street, anyway. Take GM, which has seen its stock price slide by as much as two-thirds from the $45.88 high it hit as recently as October 2017. The same story can be repeated over and over again with manufacturers like Ford, Volkswagen, BMW, Toyota, and Nissan. On the other hand are the new players, such as Tesla, which has seen a 500% surge in its own stock price since mid-March, while startups like Nikola Motors are being rewarded with market cap numbers in some cases approaching those of legacy automakers — even though they've yet to build a single vehicle.
   Barron's Picks And Pans: Boeing, Citigroup, Zoom Video And More  2020/09/07 13:30:37 Benzinga
This weekend's Barron's cover story offers a playbook for shoring up retirement in the pandemic era. Other featured articles focus on Warren Buffett investments in Japan and stocks benefiting from COVID-19 trends. Also, the prospects for a couple of coronavirus winners, bank stocks, dividend value traps and more. Cover story " The New Playbook to Shore Up Your Retirement for the Pandemic Era " by Reshma Kapadia suggests that the rapid return to record levels in major stock benchmarks opens the door for savers to review their strategies and recalibrate their portfolios. Is Prudential Financial Inc (NYSE: PRU ) worth a look now? Andrew Bary's " Warren Buffett Is Betting on Japan. Here's How You Can Too. " points out that the Oracle of Omaha's $6 billion investment highlights the opportunities to be found in an inexpensive Japanese stock market. Does that include Toyota Motor … Full story available on
   Honda y Toyota dan ejemplo: desarrollan juntos un generador móvil para grandes emergencias  2020/09/07 08:24:44 20minutos Spain