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International
BYD faces complaints of excessive price reductions in Thailand as it prepares to announce car prices in Vietnam
Since investigating BYD's aggressive price reduction, Thailand's consumer protection agency has received about 70 complaints, alleging that some customers feel they were "cheated" by dealers.BYD's first factory in Southeast Asia promises to help reduce car prices in this market area (Illustrative image: Reuters).When BYD CEO Wang Chuanfu visited Thailand to inaugurate the company's first plant in Southeast Asia in early July, Prime Minister Srett...
Mazda CX-50 Hybrid 2025 to utilize Toyota's engine
Specifically, the 2025 Mazda CX-50 is equipped with Toyota's hybrid system, including a 2.5L 4-cylinder gasoline engine combined with 3 electric motors, an electronic continuously variable transmission (e-CVT), and a small battery pack. This system provides the crossover with all-wheel drive, delivering 219 horsepower and 221Nm of torque. The 2025 CX-50 Hybrid has an average fuel consumption reduced by about 2 liters/100km compared to the stand...
Honda closes an auto plant in Thailand amid the Chinese car wave
Honda will close its Ayutthaya plant in Thailand by 2025, as it faces increasing competition from Chinese brands and rising demand for electric vehicles.A spokesperson for Honda stated that this move will require the company to reorganize its production activities at its remaining plant in Prachinburi, the only one left in Thailand. The Ayutthaya facility will be repurposed for the production of automotive parts.Honda will produce its new e:N1 el...
Big discounts may not be enough for Honda City to compete with Accent and Vios
According to statistics from the Vietnam Automobile Manufacturers Association (VAMA) and TC Motor, the car market in our country saw a slight growth in consumption in June. In the B-segment sedan segment, there were relatively optimistic signs, with only Mazda2 experiencing a decrease in sales. In this segment, Honda City had the second highest sales growth (46%) in June, with 443 units sold. However, this result still places it in third positio...
Fifteen-year-old Fiat 500 still priced similarly to brand-new Kia Morning, owner still looking for a buyer after three years
A Fiat 500 is currently being offered for sale in the used car market for 360 million VND. This price is only equivalent to the starting price of a Kia Morning AT Luxury model (366 million VND). It is known that this Fiat 500 is from 2009 and has traveled over 70,000 km (Photo: Thái Dương). This price has sparked debate as many believe that buying a 15-year-old European car would require additional maintenance costs or replacement of parts. Ho...
Eliminating all the low-profit cars, Jaguar will only have one high-end product left
By the end of this year, Jaguar showrooms will no longer have many cars for customers to choose from, as the British carmaker is planning to refresh its product lineup, keeping only the F-Pace SUV temporarily, but not for long.The XE sedan, XF sedan and wagon, F-Type sports car, E-Pace SUV, and even the electric crossover I-Pace will be discontinued as Jaguar makes room for the introduction of new electric vehicles.Even the all-electric I-Pace mo...
Most Chinese electric car companies are switching to English
During his speech at the China Bridge 2024 partner summit, Song Zhiping, chairman of the Association of China-listed companies, stated that currently only two electric vehicle (NEV) manufacturers, BYD and Li Auto, are profitable.Song mentioned that many companies have to produce both traditional combustion engine vehicles and new energy vehicles, but most major car factories have yet to turn a profit from electric vehicles."But if you don't make...
This compact SUV is currently discounted by 150 million VND, making it equally affordable as its rival in the B-segment
Amidst the anticipation for the tax reduction policy for domestically manufactured and assembled cars, local car manufacturers and dealers are actively offering promotions to stimulate demand. This poses challenges for imported products, especially for remaining 2023 Manufactured and Assembled in Vietnam (VIN 2023) models like the MG ZS.To clear the remaining stock, many dealers are offering an average discount of around 120 million VND for the M...
The deadly danger of stopping on a high-speed road
An accident occurred around 9:00 on July 11, when a 9-seater passenger car (converted from a 16-seater) traveling on the Hanoi - Hai Phong expressway towards Hai Phong, when it reached Gia Loc town (Hai Duong) collided with the rear of a pickup truck. Both vehicles stopped in the leftmost lane, where the maximum speed limit is 120km/h.While the two drivers were on the road to resolve the collision, a 7-seater car traveling at high speed crashed i...
Tan Chong International's profit for the first half of 2024 decreased by nearly 90% due to Subaru's losses
Tan Chong International Limited (TCIL) - the owner of Motor Image, the Subaru distributor in Asia - recently sent their financial report for the first half of 2024 to shareholders. One of the concerning and alarming issues highlighted in the report is the 86.6% decrease in net profit after tax compared to the same period last year.The main reason for this challenging situation of TCIL is the decline in sales, especially the failure in CKD (comple...
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