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Industry incurs massive losses since June 1
KUALA LUMPUR: Car dealers in the country posted total losses of more than RM14bil in June and July due to plunge in sales of vehicles in the domestic market, revenue loss from the closure of showroom.
PETALING JAYA: Businesses must ensure their employees and customers are fully vaccinated if their sectors should be allowed to operate under the National Recovery Plan (NRP).
PETALING JAYA: Salesmen and buyers are in a bind as the brakes have been slammed on vehicle production and retail activities due to the Covid-19 pandemic.
KUALA LUMPUR: The Malaysian Automotive Association (MAA) has revised downwards its 2021 total industry volume (TIV) forecast by 5.6% to 500,000 units from 570,000 units previously, on the back of business disruptions caused by the ongoing nationwide lockdown.
KUALA LUMPUR: The government should allow workshops and distribution centres for passenger and commercial vehicles and spare parts in the Klang Valley to operate with immediate effect under strict restrictions, a trade body said.