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The Business Times - Find latest business & financial news including analysis and opinion on top business stories, stock markets in Singapore, Asia-Pacific & global market news and more at The Business Times. Find latest business & financial news including analysis and opinion on top business stories, stock markets in
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News
Longer bidding interval pushes up COE premiums; Cat A at all-time high
4+ day, 20+ hour ago (166+ words) Categories A and B are oversubscribed by 43%, notes an industry observer [SINGAPORE] Certificate of Entitlement (COE) premiums rose across the board for all categories of vehicles in the latest round of bidding on Wednesday (Sep 9), which automotive industry observers attributed…...
China's car exports stay strong in August but domestic sales decline more
6+ day, 14+ min ago (478+ words) Passenger vehicle exports jumped 77.5% from a year earlier to 894,000 units in August [BEIJING] China’s car exports stayed robust in August as BYD and other automakers shipped a record number of vehicles overseas, in sharp contrast to a sluggish domestic market…...
Volkswagen finds defence future for German plant amid major overhaul
6+ day, 17+ hour ago (526+ words) Labour officials say the move could preserve about 1,400 of the site’s 1,800 jobs. [OSNABRUECK, Germany] Volkswagen on Monday (Sep 7) struck a preliminary deal that will see one of its German sites switch to defence production, a first in the automaker’s efforts…...
Heavy EV incentive cut will slow adoption but could ease COE premiums: observers
1+ week, 5+ day ago (1154+ words) The reduction to S$15,000 from S$40,000 is aimed at the largest segment of EHVs in the 3,501 to 7,000 kg range [SINGAPORE] The Land Transport Authority (LTA) announced on Wednesday (Sep 2) that incentives for certain electric heavy vehicles (EHVs) will be sharply…...
Singapore slashes incentives for some heavy EVs to S$15,000 from S$40,000
1+ week, 5+ day ago (460+ words) The change applies to vehicles with a maximum laden weight from above 3,500 kg to 7,000 kg [SINGAPORE] The Land Transport Authority (LTA) announced on Wednesday (Sep 2) that effective Thursday, incentives for electric heavy vehicles (EHVs) with a maximum laden weight exceeding…...
Volvo Cars to close Stockholm office in efficiency drive
1+ week, 6+ day ago (215+ words) Volvo Cars is concentrating resources across fewer Swedish sites [HELSINKI] Sweden’s Volvo Cars said on Monday (Aug 31) it will close its Stockholm office, where 450 people currently work, relocating responsibilities to its Gothenburg headquarters as part of an effort to cut…...
Toyota, Honda face biggest hit from Trump’s proposed 50% tariff on Canadian cars
2+ week, 1+ hour ago (704+ words) Tariffs could force both automakers to close some Canadian assembly lines, analysts say [TOKYO] US President Donald Trump is targeting Ottawa with a proposed 50 per cent tariff on Canadian car imports – but Japan’s Toyota and Honda may end up footing…...
Japan’s Toyota and Honda may get stuck with the bill as Trump eyes 50% Canada auto tariffs
2+ week, 2+ hour ago (704+ words) Tariffs could force both automakers to close some Canadian assembly lines, analysts say [TOKYO] US President Donald Trump is targeting Ottawa with a proposed 50 per cent tariff on Canadian car imports – but Japan’s Toyota and Honda may end up footing…...
South-east Asia’s top EV startups draw US$622 million in funding since 2016: report
2+ week, 6+ day ago (512+ words) Singapore accounts for more than 60% of the total capital raised by the 16-company cohort SOUTH-EAST Asia’s leading electric-vehicle (EV) startups have raised a combined US$622 million in disclosed equity funding since 2016, with Singapore emerging as the region’s main centre for…...
South-east Asia’s top EV startups draw US$622 million in funding since 2016
2+ week, 6+ day ago (464+ words) Singapore accounts for more than 60% of the total capital raised by the 16-company cohort SOUTH-EAST Asia’s leading electric-vehicle startups have raised a combined US$622 million in disclosed equity funding since 2016, with Singapore emerging as the region’s main centre for both…...