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German publication Handelsblatt reported that some Audi documents that were found during a raid of the German automaker’s office last March explain why thousands of vehicles are being exported to China, Korea or Japan. Apparently, the vehicles that are being exported to Asia have duplicate VINs.
As we all know, a car’s Vehicle Identification Number (or VIN) is a unique combination of 17-digit numbers that are assigned to every vehicle. With a VIN, it will be easier for one to track the vehicle throughout its lifetime. The general rule that the European Union and German laws implemented is for every car to have its own unique VIN. It is only this car that can have this number for at least 30 years, and it cannot be duplicated or transferred to another model.
After the raid, an Audi spokesperson said in an interview with the German business journal that they were not aware of the duplicated VIN number that have been assigned to more than one car.Read the entire article Is Audi producing vehicles with duplicate VINs in Asia?
According to its latest quarterly report, the operating profit of Nissan Motor Company for the said period rose 24 percent year-over-year, backed by cost-cutting efforts and the growing sales in North America. For the company's third fiscal quarter that ended on December 31, Nissan's global operating profit jumped from $1.29 billion last year to $1.60 billion.
Furthermore, its net income rallied 25 percent and was seen at $1.06 billion. At the same time, Nissan's revenue jumped 2.20 percent to $24.80 billion. Global retail sales added 1.70 percent for a total of 1.28 million units. The boost was generally backed by the hefty sales in North America and Asia.
For the period, sales in North America inched up 12 percent to 485,000 units, making the region Nissan's largest market. Nissan joins the wide array of car makers taking advantage of low oil prices, enhanced labor market, and cheap credit as a record number of Americans acquired new vehicles in 2015.Read the entire article Nissan issues upbeat quarterly results with strong sales in North America, Asia
Tesla Motors Inc. is tapping executives who would lead its sales operations in Asia, North America and Europe and has appointed Jerome Guillen, currently vice president of global sales and service to a customer-satisfaction role. Tesla is targeting to hike its sales by 74 percent this year after struggling in China and California.
Tesla is also building what will be the world’s largest battery factory, and is creating an energy-storage division as well as launching its first SUV. Tesla said that Guillen was not “demoted in any way,” Tesla said in a statement.
According to the carmaker, it is interviewing candidates for the sales leadership posts, saying that following their appointment, Guillen will focus on post-sales activity from delivery to long-term customer care. Tesla said in a statement that Guillen has taken Tesla to the “highest service satisfaction of any company in the auto industry by far.”Read the entire article Tesla is hiring sales heads for Asia, North America and Europe
McLaren Automotive has named David McIntyre to serve Regional Director for the Asia Pacific. He will report to Jolyon Nash, Executive Director for Global Sales and Marketing. His entry at McLaren comes as the carmaker gets ready to roll out its most exclusive product so far the McLaren P1 GTR, and the Sports Series that will be launched next year.
Nash remarked that that Asia Pacific is becoming an increasingly important market, as highlighted by rollout of its first region-specific model, the 625C. He also remarked that McIntyre will be a real asset for McLaren, given his “wealth of knowledge and experience” especially in the Asia Pacific region.
McIntyre boasts of 19 years of experience working with luxury brands around the world, last nine years of which were in the Asia Pacific region. He will assume his post on February 1, 2015, replacing Mirko Bordiga. He will be based in Shanghai, China.Read the entire article David McIntyre is new regional director for Asia Pacific at McLaren
China is world’s largest market and McLaren sees some impressive sales and in order to boost the numbers even further, the British supercar manufacturer announced its first regionally tailored model aimed at the Asian market. Dubbed the McLaren 625C, the new model is based on the globally available 650S.
As expected, ‘625’ resembles the power delivered by the 3.8-liter twin turbo V8 engine (625 hp), while the ‘C’ stands for ‘Club.’ In addition, the engine delivers 610 Nm of torque and is bolted to a 7-speed SSG transmission.
When equipped with Pirelli P Zero Corsa tyres, the McLaren 625C Coupe accelerates from 0 to 100 km/h (62 mph) in 3.1 seconds, to 200 km/h (124 mph) in 8.8 seconds, to 300 km/h (186 mph) in 26.7 seconds, while top speed is 333 km/h or 207 mph.Read the entire article 2015 McLaren 625C Coupe and Spider debut just for the Asian market
Mitsubishi Motors Corp. will be supplying Attrage sedans to Fiat Chrysler Automobiles, to be sold in a number of markets in Asia later this year under a to-be-announced agreement, according to a report by Nikkei. The Japanese paper said that Fiat Chrysler is bound to sell the sedans under the Chrysler brand name in China and other Asian markets.
Mitsubishi commenced producing the sedans at its Thailand site 2013. The carmakers are expected to announce the partnership next week.
The partnership is expected to Fiat push expansion in Asia by sourcing less costly, fuel-efficient cars from Mitsubishi, Nikkei said. While Fiat Chrysler has been in China for some time, it has yet to make name in the country where it only holds a market share of only 0.6 percent.Read the entire article Mitsubishi to supply sedans to Fiat-Chrysler for Asian sales
Toyota is aiming to post growth in both sales and profits in Europe and Russia in 2014, boosted by its popular hybrid models. The Japanese carmaker's assembly sites in France, the United Kingdom and Turkey are currently working at full capacity, placing the Japanese carmaker on pace for European production to account for 75 percent of the cars it sells in the continent by 2015, Didier Leroy, head of the Toyota Europe division, told Bloomberg in an interview.
Leroy said the Toyota’s focus is to ensure that strategy serves to hike earnings. "The real challenge for us is to be permanently asking ourselves whether we're on track with profitable growth," Leroy remarked, adding that there is no doubt that they will be posting more sales and profit next year than in 2013.
Toyota posted a 6.9-percent surge in sales in November, contributing to a vehicle -market gain of 0.9 percent for the month, according to industry figures. Its growth was boosted by the Lexus IS hybrid sedan and the hybrid versions of the Yaris subcompact and Auris hatchback.Read the entire article Toyota eyes sales and profit growth in Europe and Asia in 2014
Torsten Müller-Ötvös, chief executive of Rolls-Royce Motor Cars, observed strong growth across Asia following a tour of this part of the world. Rolls-Royce's CEO had his last stop in Manila, Philippines, where he led a ceremony marking the start of the carmaker's operations in the country. There are strong early indications in the Philippines, which recently has seen its number of individuals with ultra-high net worth increase in double digits.
Prior to his Manila trip, Müller-Ötvös was in Singapore gracing the carmaker's significantly expanded showroom. Rolls-Royce has regarded the expansion into new and emerging markets as an important part of its sustainable growth plans. The carmaker has posted strong growth in Japan in the first nine months of 2013, thanks to the growing consumer confidence in the country.
Rolls-Royce has expanded its operations into Osaka and recently moved to a larger, premium space in Tokyo. The number of ultra-high net worth individuals in Japan grew by 11 percent, thanks to economic measures undertaken by the Japanese government.Read the entire article Rolls-Royce CEO sees strong growth in Asia
Tesla Motors Inc. is planning to build sites in Europe and Asia, as it expects higher demand for a new yet smaller electric car that would soon complement its popular Model S, according chief executive Elon Musk. Tesla is planning to build this year at least 21,000 of the Model S at its Fremont site in California, doubling the number in 2014.
Although Tesla’s Fremont site has the capacity to build up to 500,000 vehicles a year, Musk said that production of smaller electric car will require additional plants. He remarked in an interview with Bloomberg Television that the new plants will be located near where the customers are to minimize logistics costs.
He remarked that in the long term, there will be Tesla plants in other parts of the United States, Europe, and Asia. The California-based has opened a small facility in Tilburg, Netherlands, where it is assembling Model S components for vehicles it has commenced selling in Europe.Read the entire article Tesla plans to have facilities in Europe and Asia
European tuning specialist and engine maker mountune is now in the United States. mountune recently announced the expansion of its road car and race engine performance division into the country with the establishment of mountune LLC. The US unit is ideally located in Southern California to serve customers across the US and on countries in the Pacific Rim. mountune LCC, which now operates distribution, rolling road, machine room and engine-building facilities, is led by Ken Anderson.
He boasts of an extensive industry expertise, including experience at Cosworth in the USA. mountune UK founder and Technical Director, David Mountain, remarked that Anderson is the right person to lead the company’s expansion in the US. Anderson remarked that global enthusiasts and racers “have been eager to experience mountune performance,” adding that with the launch of mountune LLC, fans and enthusiasts could now avail of what they need through the company’s full range of products.
Anderson remarked that mountune’s level of engineering and attention to detail, tied with motorsport DNA, “provides a robust foundation to support the development of a unique array of products.”Read the entire article Mountune expands to the US to cater to Americas and Asia
McLaren expects to more than double its sales in Asia in 2013, boosted by high demand in China. The carmaker, however, expects its global deliveries to post a little change in 2013. McLaren is planning to open its first four dealerships in China this year and another four in the first half of 2014.
Mirko Bordiga, Asia Pacific regional director for McLaren, told Bloomberg that Asia will account for around 25 percent of the carmaker’s global sales this year, from just 10 percent in 2012. He remarked that the British sports carmaker intends to sell 1,400 units around the world in 2013.
According to McKinsey & Co. estimates luxury car sales in China will likely exceed those in the United States as early as 2016. Bordiga said that McLaren will finally sell vehicles in China this year, adding that the carmaker is waiting for the official documents to start the company.Read the entire article McLaren eyes to more than double sales in Asia this year
As auto sales have weakened in Europe due to the economic crisis, the tens of thousands of cars that BMW AG intended for Europe were instead sent to the U.S. and Asia. At an event in Munich last Wednesday, Ian Robertson, BMW sales chief, said that the difficulties the company faces in Europe are “getting greater.”
He believes that it may take years before the region stabilizes and the auto market recovers. The auto industry in Europe is predicted to experience its steepest drop in annual sales in 19 years this year. BMW has been able to avoid the full force of the debt crisis in Europe due to the high demand in the U.S. and China for its vehicles such as the new 3-Series sedan.
In September, the brand reported a 14% increase in sales of its cars and SUVs worldwide, which aided in raising the nine-month deliveries by 8.6% to 1.11 million vehicles. Robertson also said that there will be \"good\" growth in the U.S. in October and November. He also thinks that the Chinese market remains attractive even if growth has slowed since the start of 2012.Read the entire article Bmw sends the cars intended for Europe in the U.S. and Asia, due to poor demand
Rolls-Royce is planning to build a new boutique in Central Bangkok that’s the first of its kind in Asia. The company had recently opened its first Rolls-Royce Motor Cars showroom at Rama 3 in Bangkok. The exclusive facility being planned will be located at the Siam Paragon, an upmarket luxury shopping destination.
The boutique will offer easy access to Rolls-Royce products for customers. It will complement the two-storey Rolls-Royce showroom, which is one of the biggest in Asia. It’s likely to start operations in the fourth quarter of 2012. Millionaire Auto (Thailand) Company Limited, a subsidiary of Master Group Corporation (Asia), owns Rolls-Royce Motor Cars Bangkok.
Just like the showroom in Rama 3, the proposed facility in Siam Paragon will break new ground for the marquee since it’s the first in Asia to be situated in a luxury retail hub. The seven-car showroom of Rolls-Royce Bangkok was the first in the Asia Pacific region to have two-storeys and to offer underground parking for customers.Read the entire article Rolls-Royce opens new boutique in Central Bangkok, first of its kind in Asia
Ferrari gears ups to introduce its most powerful and high-performance road-going vehicle model to one of the largest sports car market in the world, China. Ferrari has confirmed that the 12-cylinder F12berlinetta will make its Asian debut at the Beijing International Motor Show, months after the supercar’s widely acclaimed debut at the Geneva Motor Show.
The Ferrari F12berlinetta is powered by a V-12 engine that gives the super car a major boost in acceleration and speed. The F12berlinetta features a new car transaxle architecture and design as well as new components and electronic controls. The F12berlinetta features extremely advanced aerodynamics and stunning classic looks -- shorter, lower and narrower car than the previous V12 model. Ferrari had the car’s wheelbase built shorter while positioning the engine and driver position lower.
The F12berlinetta’s design also resulted in a more compact tail section, thanks to a new suspension and gearbox layout. The car also features a perfect weight distribution -- 54% over the rear axle -- and a lower centre of gravity back in the chassis.Read the entire article Ferrari F12berlinetta debuts in Asia at Beijing International Motor Show
Mini boss Kay Segler told Automotive News Europe that the Mini brand will expand its sales network in the U.S. and Asia but will cut the number of dealerships in countries in Europe that were affected by the sovereign debt crisis. Segler said that Mini’s dealerships will grow in number as it adds to its product lineup and improves on worldwide sales achieved in 2010.
He said that the company’s retail network will be expanded in China, Korea and the U.S. while those in markets like Spain and Italy will have their networks reduced “since some dealers are running out of steam.”
He clarified though that the company is still “optimistic “in these countries. Currently, Mini has about 1,500 dealerships worldwide. It was able to post its best ever global sales of 285,060 cars in 2011.Read the entire article MINI wants to expand its sales network in the U.S. and Asia
With the robust demand in China, British manufacturer of luxury vehicles -- Aston Martin -- could have one-fourth of its worldwide sales from Asia within two years, almost double the current share, the company's director for the region, Matthew Bennett, revealed. Three years ago, the company officially entered the Chinese market, which has already become the largest and fastest emerging market in Asia.
In 2010, the company delivered 110 units in the country. The year-to-date tally is double and could achieve 500 units in 2012, according to Bennett, adding that they will see China and the Asia Pacific as a whole to be "really on a par with the other big three markets" in 18 months. Currently, Asia comprises 12 percent to 15 percent of the company's worldwide sales, Bennett disclosed.
Top global brands such as BMW AG's Rolls-Royce and Daimler AG's Mercedes-Benz have racked up remarkable sales in the country where growing ranks of rich consumers are boosting sales of luxury items like Rolex watches and Gucci handbags. To broaden its customer base in China, Aston Martin is introducing the V12 Zagato at around 9 million yuan or 1.06 million euros, including import tariffs of greater than 100 percent.Read the entire article Aston Martin could have one-fourth of its worldwide sales from Asia within two years
Asia will be the focus of Continental AG’s investments in the coming years, according to board member Heinz-Gerhard Wente. Asia makes up a third of the total sales of Continental AG, the second-largest autoparts maker in Europe.
In an interview in Bucharest, Wente said that Europe will still be the largest market for Continental but there may be some problems next year due to a potential economic slowdown triggered by the sovereign-debt crisis.
Wente said that there doesn’t seem to be any indication of a "dramatic downturn." Asia makes up 21% of overall sales. Wente said that within the next few years, Asia will have the highest market volumes.Read the entire article Continental to focus its investments on Asia in the coming years
The Asia Pacific network McLaren Automotive will be overseen by McLaren Automotive Asia Pte Ltd., a wholly-owned McLaren subsidiary that’s based in Singapore. Ron Dennis, Peter Lim, and Greg Levine are the first three directors of McLaren Automotive Asia Pte Ltd. Plans for the subsidiary were recently announced at a press conference in Singapore where Ron Dennis, Executive Chairman, McLaren Automotive and McLaren Group, discussed the future expansion into the region.
McLaren Automotive Asia Pte Ltd is tasked to manage all of McLaren Automotive’s regional operations in its Asia Pacific network, including importation, distribution, logistics, sales, marketing, technical support and financial services for McLaren’s lineup of high-performance sports cars.
The Singapore-based wholly-owned McLaren subsidiary will have an initial team of about 10 McLaren Automotive employees to manage retailers in Australia, Hong Kong, Japan and Singapore. In addition, McLaren Automotive announced that at launch, the Asia Pacific regional retail network will have five dedicated and experienced automotive retailers.Read the entire article McLaren announces its business plan for Asia Pacific region
Asian consumers are eagerly awaiting the One-77, Aston Martin's ultimate production car, as it embarks on its first ever tour of the continent. The One-77 represents Aston Martin’s technical prowess as well as its ambitions and values. The tour is set to begin at the Cirque Du Soleil Theatre in Tokyo, Japan, and it will proceed to Singapore, Hong Kong, Taipei and China.
Aston Martin considers the Asia Pacific market to be extremely important and to have considerable growth potential. Recently, the British marquee has expanded its dealership network in the region to 14.
The latest openings were held in China and Taiwan but there are plans to put up more dealerships. Throughout the globe, Aston Martin has a network of 126 dealers in 39 countries.Read the entire article Aston Martin is ready to sell the last units of the One-77 supercar in Asia
Honda announced that it will help offset the effect of the strong yen in emerging market such as North America and Asia.
According to Chief Financial Officer Yoichi Hojo, the second-largest car manufacturer in Japan, wants to increase sales by 100,000 vehicles in the United States, but also by a further 100,000 in emerging markets, such as Thailand and India. Apparently, Honda wants to achieve these numbers within few years.
Furthermore, the manufacturer raised its full-year net income forecast 10 percent to 500 billion yen ($6.2 billion), due to the fact that its car and motorcycle sales increased in Asia.Read the entire article The demand in North America and Asia will offset yen, says Honda CFO
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