WapCar News

While other car makers are concerned about slowing sales amidst geopolitical tensions and rising inflation, Toyota is actively working towards selling fewer cars this year and next. The reason? Its record-breaking pace is taking a toll on Toyota employees and suppliers, and the company now wants to slow down, take a zen moment to observe its surroundings, before thinking about its next steps. In the last financial year ending March 2024, Toyota Motor doubled its profit to 2.73 trillion Yen (~RM

Hans

Jul 26, 2024

Porsche announced that its upcoming all-new fourth-gen Porsche Cayenne will only be available with a fully electric (BEV) powertrain but the current third-gen will not be discontinued. Instead, the Stuttgart outfit announced plans that its hybrid- and petrol-powered variants will continue being on sale up to and beyond 2030. “The Cayenne has always defined the sports car in its segment. In the middle of the decade, the fourth generation will set standards in the segment as an electric SUV,” says

CY Foong

Jul 26, 2024

SpeedFest 2024, held on the 13th and 14th of July at KL Base, Sungai Besi, concluded with an outstanding showcase of over 1,000 cars and over 50,000 visitors over the 2-day long weekend event. The highlight of the Speedfest 2024 was undoubtedly the thrilling drift taxi rides, with 30 exhilarating rides offered to attendees. The Petronas' sponsored drift class, coached by the skilled drivers from Team Syntium, also saw significant participation, with 40 visitors signing up for the exciting drift

Arvind

Jul 26, 2024

While China remained the world’s largest car consumer last year, sales of new vehicles in the country have slowed down in recent years. To boost sales of new passenger vehicles, particularly plug-in hybrids (PHEVs) and battery electric vehicles (BEVs), the Chinese government began introducing subsidies under a scrappage program in late April. Still, retail sales of new passenger vehicles which include sedans, crossovers, SUVs, and MPVs dropped for the third straight month in June. According to t

CY Foong

Jul 26, 2024

Following Puspakom's recent announcement that it will have to comply with the Inland Revenue Board's (LHDN) move to adopt e-invoicing, many car companies and dealers are bracing for a slowdown in sales of imported cars (CBU), especially battery EVs (BEVs), pick-up trucks, and reconditioned (recon) cars. As with any change in processes, a temporary slowdown in sales is expected in the near term due to the period of adjustment required for phasing in a new system. This should improve in the coming

Arvind

Jul 26, 2024

Proton recently performed a groundbreaking ceremony for new additions to its stamping facilities in Tanjung Malim. Known as stamping E- and F-Line, the new lines will expand the volume of parts stamping at Proton’s Tanjung Malim plant as it prepares to relocate production of the Proton Saga from Shah Alam by 2026. The Shah Alam plant currently only produces the Proton Saga following the discontinuation of the Proton Exora last year. The other Proton models are built at the Tanjung Malim facility

CY Foong

Jul 26, 2024

The recent Puspakom ruling change requiring owners and companies to provide their Tax Identification Number (TIN) before conducting any service transactions has resulted in an abrupt influx of appointments, already causing delays in vehicle deliveries – particularly fully imported (CBU) BEVs, pick-up trucks, and recon cars. Earlier this week, Puspakom announced that starting 25 July 2024, all customers must provide a Tax Identification Number (TIN) for all service transactions via the MyPuspakom

Arvind

Jul 26, 2024

Following its public Malaysian debut at the 2024 Malaysian Autoshow, Intro Synergy Sdn Bhd, the sole distributor of Neta vehicles in Malaysia has launched the Neta X fully electric (BEV) SUV. Fully imported (CBU) from China, the Neta X is available in Malaysia in three variants: Neta X 400 Comfort – RM 119,888 Neta X 400 Luxury – RM 127,888 Neta X 500 Luxury – RM 135,888 The Neta X comes with an 8-year/180,000-km battery warranty, whichever comes first. All three variants look similar and are po

CY Foong

Jul 25, 2024

After delays with its initial Vietnamese distributor, BYD made its launch into the Southeast Asian country this week with an aggressive sales network expansion. BYD Vietnam expects to open ten 4S outlets in Hanoi, Ho Chi Minh City, and 5 other provinces across the country by the end of July. It plans to expand to 100 4S stores across Vietnam within 3 years. Three models are being offered in Vietnam which are the BYD Dolphin, BYD Atto 3, and BYD Seal. The cheapest BYD model, the Dolphin GLX start

CY Foong

Jul 25, 2024

In March 2022, Porsche announced an ambitious goal of having half of its 2025 global sales to be contributed either by plug-in hybrids (PHEVs) or battery EVs (BEVs), and for BEV sales contribution to reach 80% by 2030. Now, Porsche is reframing that target, saying that the 80% goal still stands but only if factors like market demand and infrastructure can support the goal. "The transition to electric cars is taking longer than we thought five years ago," Porsche said in a statement to Reuters. "

Hans

Jul 25, 2024