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Auto 06 Dec 2016 | 12:00 AM

New Toyota Innova unveiled

KUALA LUMPUR: UMW Toyota Motor Sdn Bhd, a subsidiary of UMW Holdings Bhd and the sole authorised importer/distributor of Toyota vehicles, launched the latest second generation Innova multi-pupose vehicle (MPV) with almost 500 bookings confirmed, and is confident of achieving a target of 4,000 units by the end of 2017.

Business 28 Sep 2016 | 7:05 AM

S.Korea to widen Takata air bag recall by 110,000 vehicles

SEOUL: South Korea said on Wednesday that 13 automakers will recall some 110,000 vehicles equipped with Takata Corp’s defective air bags, the latest development in a long-running safety crisis involving the Japanese company.

Business 19 Sep 2016 | 12:00 AM

Takata plans to shortlist two or three bidders

TOKYO: Takata Corp, the embattled Japanese air-bag supplier that’s put itself up for sale after triggering the auto industry’s biggest safety recall, aims to shortlist two to three candidates by October, according to people familiar with the process.

Business 20 Jul 2016 | 7:21 PM

Daimler AG, Ferrari selling some new vehicles with faulty air bags - US Senate report

WASHINGTON: Daimler AG’s Mercedes-Benz and Daimler Vans units and Ferrari NV are among a small group of automakers selling some new vehicles with faulty Takata airbags that will be subject to recalls by the end of 2018, a US Senate report said on Wednesday.

Corporate News 19 Jul 2016 | 5:28 AM

Perodua’s sales forecast raised for 2016-2018 from Bezza sale

KUALA LUMPUR: Maybank IB Research is raising the sales forecasts of Perusahaan Otomobil Kedua Sdn Bhd (Perodua) for the calender year (CY) 2016 to 2018 due to the automaker’s successful launch of its latest model - Perodua Bezza.

Corporate News 14 Jul 2016 | 9:55 AM

Honda Malaysia: Replacement drivers' side airbags by August

KUALA LUMPUR: Honda Malaysia Sdn Bhd says there will be enough replacement parts for the Takata airbags used on the driver's side by mid-August and it will step up capacity to ensure this is given priority with the opening of three temporary central hubs and also mobile hubs nationwide.

Auto 02 Jun 2016 | 12:00 AM

Naza aims to sell 80 Peugeot 408 e-THP cars a month

KUALA LUMPUR: Naza Corp Holdings, which distributes the Peugeot vehicle brand under Nasim Sdn Bhd, is projecting a monthly sales of between 60 and 80 units of the newly-launched Peugeot 408 e-THP executive sedan.

Business 04 May 2016 | 7:39 PM

US orders recall of up to 40 million more Takata airbags

WASHINGTON: US auto safety regulators on Wednesday ordered Japanese manufacturer Takata to recall between 35 million and 40 million more airbags installed in US cars, in a push for the replacement of dangerously explosive inflators.

Corporate News 30 Mar 2016 | 7:03 AM

Takata plunges on report airbag-related recall costs may be $24b

TOKYO: Japan's Takata Corp could face about $24 billion in costs to recall its airbag inflators in a worst case scenario, Bloomberg news reported, sending its shares tumbling about 20 percent.

Corporate News 27 Jan 2016 | 7:00 AM

Toyota keeps top global automaker crown

TOKYO: Toyota kept its title as the world’s biggest automaker on Wednesday after posting global sales of 10.15 million vehicles for 2015, outpacing scandal-hit Volkswagen and US rival General Motors.