Industry Developments

Japanese venture capital firm Japan Asia Investment has revealed that the Thai automotive industry will be the focus of its new fund. JAIC Asia Holding (JAH), the regional investment... 2006-05-09

After announcing in April that it was in talks with a potential international partner, Malaysian carmaker Proton has revealed that it is negotiating with France's PSA Peugeot Citroen.... 2006-05-08

French tyre manufacturer Michelin has shelved plans to open a plant for the production of radial bus and truck tyres in India, as demand fades. According to a company statement, of... 2006-05-04

Malaysian dealers of German carmaker BMW are upgrading their facilities as the company expects to achieve double-digit growth in the country this year. BMW's four Malaysian dealers,... 2006-05-04

A 44.8% decline in first quarter new car sales in Indonesia has forced the country's leading carmaker Toyota Astra Motor to reduce its sales target for the year. Compared with sales... 2006-05-03

German heavy vehicle manufacturer MAN Group has finalised its joint venture with India's Force Motors, which will operate through a plant in Madhya Pradesh. Force will hold the majority... 2006-05-03

German luxury carmaker Audi has opened its first showroom in southern India, choosing Bangalore as its base. According to Michael Weber, Audi's country manager for India, Bangalore... 2006-05-02

China's Chery Automobile plans to expand production at the Avtotor plant in Kaliningrad from 15,000 CBUs to 25,000 in response to strong demand. The company's announcement comes just... 2006-04-25

Despite posting its highest global quarterly loss for four years, Ford can seek comfort in its Chinese operations, where growth is leading the company to expand its workforce. Ford... 2006-04-24

Changan Ford Mazda, the three-way joint venture between US carmaker Ford, Japanese affiliate Mazda and China's Changan Automobile, has temporarily stopped production of the new Mazda... 2006-04-21