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Naza Italia-Maserati brings in 10 Levante Vulcano SUVs

PETALING JAYA: Naza Italia-Maserati has brought in 10 units of the limited-edition Levante Vulcano sport-utility vehicle (SUV) to Malaysia, as the sole distributor of the luxury marque hopes to sell 100 cars this year.

Naza Italia-Maserati chief operating officer Farid Sulaiman (left) and Maserati Asia Pacific head Luca Delfino at the 10th anniversary celebration of the Maserati brand in Malaysia.

Buffett's Berkshire says vice chairmen Jain, Abel each make US$18mil

NEW YORK: Berkshire Hathaway Inc on Friday said its newest vice chairmen, Greg Abel and Ajit Jain, were each awarded about US$18 million last year, in the first detailed look at the pay of the men considered the leading candidates to succeed Warren Buffett as the conglomerate's chief executive.

For more than a quarter of a century, Buffett has taken a $100,000 salary at Berkshire. But his 16.5 percent ownership stake in the Omaha, Nebraska-based company forms the bulk of his net worth, estimated at $84.4 billion by Forbes magazine.

Do open APs only benefit the rich?

Open approved permits (AP) for the import of reconditioned vehicles are mostly for the higher end market, targeting richer Malaysians.

Ong: With the localisation of the domestic passenger car market, aPs are no longer as commercially lucrative as they once were.

Flying blind in the cross-Atlantic crises

Think Asian - By Andrew Sheng
FLYING to Washington DC and London this week, news came of the tragic Ethiopian Boeing 737 Max 8 jet crash almost immediately after take-off, eerily similar to what happened just five months ago to the Lion Air Max 8 jet that also crashed after takeoff from Jakarta last year.

Boeing 737 Max jets are grounded at Sky Harbor International Airport, Thursday, March 14, 2019 in Phoenix. The U.S. issued an immediate emergency order Wednesday, grounding all 737 Max 8 and Max 9 aircraft in the wake of the crash of an Ethiopian Airliner. (AP Photo/Matt York)

PUNB approves RM134m funding for Bumi auto-related firms

NILAI: Perbadanan Usahawan Nasional Bhd (PUNB) has assisted 726 automotive companies and businesses involving 845 Bumiputera entrepreneurs, including engine oil distributors, as well as accident and insurance claims centres by approving RM134.02 million financing as at December 2018.

PUNB CEO Izwan Zainuddin (right) listening to SRM Ukhwah Holding Sdn Bhd managing director Shahrael Azhar Abdul Rahman (left) about the products marketed by his company. Also present were deputy director general of Majlis Amanah Rakyat   (MARA) (Entreprenuers), Datuk Zulfikri Osman (second from right) and Negeri Sembilan MARA director Mimi Mazlin Mohamad Yusof.

Nissan may ask ex-Toray boss Sakakibara to chair board meetings

TOKYO: Nissan Motor is considering asking ex-Toray Industries chief and Japan Inc heavyweight Sadayuki Sakakibara to chair its board meetings while leaving vacant the chairman post previously held by Carlos Ghosn, a source said on Thursday.

Japan's No. 2 automaker is considering nominating Sakakibara(pic), a former head of powerful business lobby Japan Business Federation, to become an external director at the general shareholders' meeting in June.