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Some 49,000 cars brought into the country prior to Jan 1 will not be subjected to the new excise duties imposed on that date, and buyers can now look forward to buying them at last year's prices. The new ruling was announced by Finance Minister II Tan Sri Nor Mohamed Yakcop Thursday.
THE atmosphere surrounding the used car industry, which until a month ago had been in the doldrums, has really changed. Buyers had kept delaying purchases in anticipation of cheaper new cars, but with the announcement of the new car tariffs, prices of new cars are expected to go up, not down.
GENERAL Motors Corp (GM) chairman and chief executive Rick Wagoner has dismissed fellow Detroit-based 'Big Three' US automakers Ford Co and Chrysler as insignificant competitors in most countries in the Asia-Pacific.
THE new seventh-generation Honda Accord introduced last November has undergone the most dramatic changes in its 27-year history. For example, after years of soldiering on with a single camshaft to drive the 16-valves, the new Accord now has twin camshafts.