Industry Developments

German premium carmaker Audi is expanding its reach in South East Asia, which has been a successful market for the brand, with its first showroom in Vietnam. Based on Ho Chi Minh... 2008-10-31

Czech carmaker Skoda has new models lined up for India as it looks to build on an already strong performance in the country. The launches will begin with the Superb sedan, which will... 2008-10-30

South Korean carmaker Hyundai has reported a 38% decline in quarterly net profits in Q308, which was an improvement on the company's forecast. The Q3 net profit of KRW264.8bn (US$187.5mn)... 2008-10-28

Japan's Toyota plans to take its output in China to 1mn units, after breaking ground on a new plant with partner First Automotive Works (FAW). The CNY4bn (US$584mn) plant, Toyota's... 2008-10-27

Japan's Honda Motor has opened its second vehicle production plant in Thailand, which doubles its annual output capacity in the country to 240,000 units. Located near its existing... 2008-10-23

Australia should have its first electric cars on the road within four years, after domestic power company AGL and finance company Macquarie Capital reached an agreement with the Better... 2008-10-23

Germany's Daimler has reported strong results for its passenger car division in Greater China and plans to go ahead with its strategy for the region, regardless of the global economic... 2008-10-17

Japan's Toyota has revealed its new offering for the compact car segment, the iQ, which will be launched in Japan in November. The company claims that the iQ is not a minicar, as... 2008-10-16

German chemical specialist BASF has expanded its reach in Asia's automotive component market, with a third plant in the region for the production of automotive spring aids. The new... 2008-10-14

Chinese carmaker Chery is considering a local assembly line in the Philippines, as it looks to expand its presence and build on its after-sales services. According to Jonas Silva,... 2008-10-10