Industry Developments

The Indonesian government is looking to accelerate the development of more fuel-efficient cars, as the country's oil production will struggle to meet growing fuel consumption. BMI estimates... 2012-05-04

Total new vehicle sales in China fell 3.4% year-on-year (y-o-y) in Q112, but marginal growth of 1% in March has kept sales volumes on course to meet BMI's forecast of 19.8mn units in... 2012-05-03

Despite a weak domestic market, South Korea's Hyundai Motor has posted a 31% year-on-year (y-o-y) increase in net profit to KRW2.45trn (US$2.1bn) for Q112, largely owing to strong overseas... 2012-05-02

German automotive component supplier Robert Bosch will invest in increasing its production capacity for components used in diesel vehicles, as demand increases in line with soaring... 2012-05-01

As overall vehicle sales growth slows in China, the premium segment is one area where carmakers are still achieving double-digit growth and investing in opportunities to grow further.... 2012-04-30

Rising rates of car ownership in Asian emerging markets (EMs), particularly in the ASEAN states, is attracting Japanese insurers to take advantage of the growth opportunities, often... 2012-04-27

A combination of government subsidies and a low base effect from March 2011 when the earthquake and tsunami hit, have contributed to a 71% year-on-year (y-o-y) increase in Japanese... 2012-04-26

Italian tyre manufacturer Pirelli has made its first investment in the production of conventional motorcycle tyres in Indonesia, one of South East Asia's largest motorcycle markets.... 2012-04-25

The divide between carmakers producing in the Philippines and those importing into the country is growing ever wider as data for Q112 shows that import sales were up by 38% year-on-year... 2012-04-24

German speciality chemicals firm Evonik Industries is planning production of a new nylon 12 plant in Asia, which would become only the fourth in the world to produce the resin, used... 2012-04-23