Mitsubishi Motors Corporation (MMC) is forecasting a sharp 15.9% increase in sales in Southeast Asia, for its current financial year ending March 2025. In its last financial year ending March 2024, the company reported a 9% drop in Southeast Asian sales, to 239,000 units. A slowdown in Thailand’s and Indonesia’s economies, which historically contributes nearly 60% of MMC’s sales in the ASEAN trade bloc, had dragged down the company’s financial results. MMC’s profit margin slipped from 7.7% to 6.

Hans

May 14, 2024

Toyota, Honda, and Mazda have had a good year. All three closed their financial years ending March 2024 (FY2024) with record high profits. Mitsubishi Motors, however, didn’t have a very good year. With a limited product line-up and over-reliance on 4x4 vehicles, it was very vulnerable to changes in market conditions. Mitsubishi Motors’ documents call its recently closed financial year as FY2023, but keep things consistent with other Japanese manufacturers, we will call it FY2024. Total sales for

Hans

May 14, 2024

Following yesterday's news of the supposedly disease-curing, lifespan-extending Skyworth EV6 and its purported arrival to Malaysia, a few right-hand drive (RHD) units have been spotted in Thailand. Car2Day shared photos of a white car, offering quite a close look at the newest Chinese battery electric vehicle to sail into the ASEAN region. The car haven't got one shred of camo on it, and curiously it's named the Fregata Ariel 8; instead of the Skyworth EV6. This, apparently, has been a thing wit

Sanjay

May 14, 2024

Chery Sales Indonesia (CSI) has announced a recall for 420 units of the Chery Omoda 5, to inspect the rear axle. This follows a similar announcement in Malaysia on 30-April, involving 600 locally assembled (CKD) Malaysian market cars produced at the Inokom plant in Kulim. The 420 units recalled in Indonesia were locally assembled at contract manufacturer PT Handal Indonesia Motor’s plant in Bekasi. Oddly, the announcement came two weeks after Chery Sales Indonesia's denial on 2-May 2024 that the

Hans

May 14, 2024

Renowned Honda tuner Mugen recently unveiled a range of performance and aesthetic upgrades for the (FL5) Honda Civic Type R. Initially showcased at the Tokyo Auto Salon expo in January, these enhancements are now available for order in selected markets. The highlight of Mugen's new offerings include an aero kit that significantly alters the vehicle's appearance. This kit features a striking front lip spoiler, side sills, corner intakes on the front fascia, and a rear under spoiler topped off wit

Arvind

May 14, 2024