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Best self-driving tech going nowhere as rules stall under Trump

The technology that gives cars superpowers to see around corners and through walls won’t be on the first self-driving rides hitting the road in the next few years.

A push by regulators during the Obama administration to speed V2V to market has stalled under the Trump administration. — Bay Area News Group/TNS

3M Malaysia banks on domestic consumption

3M Malaysia Sdn Bhd is banking on Malaysia’s future growth in consumerism and domestic demand as the company aims to accelerate its growth in the consumer, healthcare and infrastructure segments going forward.

Growth potential: Parameswaran (left) and 3M South-East Asia region vice president Dr Joe Liu with some of the company’s products.

Ringgit boost for auto companies

PETALING JAYA: The recent strength of the ringgit against the US dollar is expected to boost earnings of automotive companies exposed to the greenback in the fourth quarter of this year.

“Bermaz Auto Bhd (BAuto) is our top buy pick for its strong balance sheet and asset-light business model, which allow it to weather tough times. With interesting new models ahead to lift earnings, we believe that BAuto is back on an earnings growth trajectory.," Maybank IB said.

Delphi, BlackBerry partner on self-driving software system

Auto suppliers Delphi Automotive Plc and BlackBerry Ltd will partner on a software operating system for self-driving cars.

BlackBerry said its operating system would help guard against cyber attacks, malware and system malfunctions. — Reuters

CIMB Research expects vehicle sales to dip in second half of 2017

KUALA LUMPUR: CIMB Equities Research expects total industry vehicle (TIV) sales growth to ease in the second half of 2017 (2H17F) due to a high base in 2H16 where total 2H16 TIV grew by 11% half-on-half.

Proton’s market share improved to 13% YTD (vs. 12% in FY16), driven by multiple new model launches.

Breakfast briefing: Thursday, September 21 (Update)

Breakfast briefing: Thursday, September 21

Vehicle sales decline marginally

PETALING JAYA: Sales of passenger and commercial vehicles in Malaysia declined marginally by 1% or 499 units in August compared to a year ago, but increased by 6.5% or 3,167 units compared to the previous month.

The Malaysian Automotive Association (MAA) said the month-on-month increase was on the back of promotional campaigns by car companies as well as the fulfilment of back orders as the “e-daftar” system returned to normalcy

Proton’s Iranian subsidiary dissolved

KUALA LUMPUR: Proton Holdings Bhd’s indirect wholly owned subsidiary Proton Motor Pars Co (PMP), set up in Iran in 2011 to engage in car assembly or building of vehicles and relevant accessories and spare parts, has been dissolved without starting any operation.

Proton previously eyed Iran as a core market in the long term.

Top foreign and local stories at 4pm.

Top foreign and local stories at 4pm

August vehicle sales pick up on-month

KUALA LUMPUR: Vehicle sales rose 6.5% to 51,720 units in August 2017 from July and the Malaysian Automotive Association (MAA) expects the sales to be maintained in September.