Geely's 600kW charging tech ready for prime time

                PETALING JAYA: If you thought 360kW charging is fast, yes it is. But 600kW is even better and the technology to do that has arrived.

The world of batteries and charging are moving at a rapid clip, showing no signs of plateauing. We can expect even more exciting developments to come in the future.

At present, car makers as well as Formula E are working on 600kW charging of electric cars, which is currently the fastest there is.

Take Geely for example. Its heavy investment in fast charging over the years is paying off with its recent unveiling of a 600kW charging technology that it claims can add 300km of electric vehicle driving range in just five minutes.

The 600kW chargers are ready for series production and will be limited to China for now.

READ MORE:
Extreme fast charging company Storedot hits milestoneSlow or fast driving with an electric car?
Cool it to charge faster the Ford way
The 600kW charger was developed by Geely subsidiary Viridi E-mobility Technology. Apparently, the extreme charging was made possible by tweaking the liquid cooling module so that it allows for that level of charging without overheating.

According to Geely, only the Zeekr 01 EV is able to charge at this speed as it uses CATL’s latest Qilin ultra-long range battery that promises up to 1,000km of range. Zeekr is an electric sub-brand under Geely.

With technology moving so fast, it is only a matter of time before more new EVs like the Zeekr 009 MPV and other brands in Geely's stable will be able to charge at 600kW.

It was only last month that China's Xpeng Motors was showing how its 480kW charger can add 210km in 5 minutes to its G9 SUV. Nio is upping the stakes with a 500kW charger.


VW to fire top executives at software unit Cariad, says source

                FRANKFURT: Volkswagen is set to dismiss all but one of the executive board members at its software division Cariad next week to try to resolve development problems, a person familiar with the matter said on Saturday.

The unit — set up under former VW group CEO Herbert Diess — has exceeded its budget and failed to meet goals, contributing to Diess' departure and replacement by Oliver Blume last September.

Cariad's supervisory board is expected to sign off on the dismissals in a meeting next week, the source said on Saturday, adding that only the unit's head of personnel, Rainer Zugehör, might stay on.

A VW spokesman said the German company was analysing Cariad and its projects.

A number of decisions have been made, but no decisions on personnel, the spokesman said, adding that Cariad and vehicle software development remained integral to Volkswagen's group strategy.

The problems at Cariad have delayed work on important new vehicle models Porsche e-Macan and Audi Q6 e-tron.

The planned launch of company-wide structural car software, initially designed to enable the fourth of five levels of autonomous driving from 2026, has been postponed by two years.

Business Insider first reported the planned dismissals.


BMW backs overhaul of China JV partner's parent Huachen

                BEIJING: BMW said it wanted to support the restructuring of Huachen Group, parent of the German premium automaker's Chinese joint venture partner

BMW said in a Tuesday statement to Reuters that it also wanted to use Huachen's existing car manufacturing capacity. Huachen is based in China's north-eastern city of Shenyang in Liaoning province.

"To BMW, Liaoning province and the city of Shenyang have become the crucial innovation and production base in China, and the cornerstone of our future success in China," BMW said. It did not offer details of how it plans to participate in Huachen's restructuring.

BMW Brilliance Automotive (BBA) is BMW's main business in China and key to its global sales. BMW said in 2018 that it would pay €3.6 billion (RM17.7bil) in 2022 for a further 25% stake in BBA.

Huachen has defaulted on billions of yuan in debt obligations. Chinese regulators have launched an investigation into possible violations of disclosure laws by the company.

BMW separately operates a joint venture for electric vehicles with Great Wall Motor.


Ferrari set to unveil hybrid supercar this year, battery-electric supercar 'after 2022'

                MARANELLO: Ferrari's CEO confirmed a couple weeks ago that a hybrid supercar will debut this year, but Automotive News sources revealed that it will be powered by a V8 paired with an electric motor.

A couple of weeks ago during a quarterly earnings call, Ferrari CEO Louis Camilleri confirmed that the company is turning over a new emissions-conscious leaf. Not only will the company be debuting a hybrid supercar this year with deliveries beginning in early 2020, but also Camilleri told analysts that 60 percent of the company's portfolio will have hybrid variants in just three years. What's more is that Ferrari will launch a BEV in the vague timeframe of "after 2022."

On Friday, however, Automotive News got some more information about Ferrari's hybridisation plans from a source familiar with the project. The supercar hybrid is now expected to come with a V8 supported by an electric motor. While this unnamed vehicle will not make an appearance at the Geneva Motor Show next month, it will show up at a "specific event" later this year.

Back in September at Ferrari's capital markets day, the company's chief technology officer Michael Leiters said that this upcoming supercar will "sit at the top of Ferrari's sport cars range and will offer more horsepower than the 488 Pista" so well over 700 hp. Despite the impressive specs that will come with the model, Camilleri confirms that this hybrid won't be a limited-edition supercar but have a "regular lifecycle."

The hybrid system that will power the supercar is actually the second-generation system -- the first-gen was used for Formula One racing and in the LaFerrari street car in 2013, though that system used a V12 instead of a V8.

While we can see that Ferrari will be jumping into the electric vehicle revolution, it's clear that they're not abandoning their internal-combustion engine legacy; the Monza SP1 and SP2 sports cars that debuted last year which feature "the most powerful engine Maranello [geographic home of Ferrari] has ever built," will be delivered to owners later this year.

For now, further specs are unknown. We'll have to wait for that "specific event" later this year.


Air taxi startup Lilium's first US hub to be in Florida

                BERLIN: Flying taxi startup Lilium will set up its first US hub near Orlando, putting more than 20 million Floridians within range of the winged electric aircraft that can take off vertically and cover 300km in a single one-hour hop.

Munich-based Lilium said on Wednesday its first US Vertiport would be at Lake Nona, a futuristic smart city being built near Orlando International Airport by the Tavistock Development Group.

The hub, due to start operations in 2025, would be Lilium’s second after a similar Vertiport planned in Duesseldorf, capital of Germany’s most populous state of North Rhine-Westphalia.

Startups are racing to develop, certify and manufacture electric aircraft in a bid to revolutionise short-range travel. Five-year old Lilium — with US$375 million in investor funding — is one of the best backed.

Its five-seater Lilium Jet has undergone flight tests and, if approved for service, would offer travellers a way to skip traffic and quickly reach their destinations for around the cost of an Uber, said chief operating officer Remo Gerber.

The fixed-wing aircraft, powered by 36 electric engines which point down for takeoff and tilt to the rear for horizontal flight, would be steered by a qualified pilot.

“It’s a hundred times safer than helicopters. Pricing is five to 10 times cheaper,” Gerber said.

Power use for distance covered is similar to electric vehicles while, because there is no runway, the cost of a Vertiport here is far lower than a traditional airport, ranging from €1 million to €2 million (RM9.8mil)  for a basic landing zone to €7 million to €15 million (up to RM73mil) for a major rooftop hub.

“Lilium’s core mission of transport which not only supports bringing the region together, but also provides a solution to environmental issues, is incredibly impressive,” said Tavistock managing director Ben Weaver.

The City of Orlando is also backing the project, which mayor Buddy Dyer described as an “expansion of safe, efficient and environmentally friendly transportation options throughout one of the fastest growing regions in the country”.


BMW rolls out digital cockpit for latest models

                MUNICH: The BMW Cockpit has been radically revised and modernised for the launch of new product highlights like the X5, 8 Series, Z4 and 3 Series, which celebrate their premiere at the 2018 Paris Motor Show.

The digital cockpit was also highlighted at the international media drive of the new X5 in Atlanta, United States, last week.

With content that can be customised and personalised, the new, fully digital BMW Operating System 7.0 display and control concept is said to focus more than ever on the driver.

Interaction with the vehicle through the various operating options has been further improved, especially in the area of voice recognition and gesture control.

For the first time, drivers and passengers will be joined by the BMW Intelligent Personal Assistant, an adaptive digital character that makes the vehicle even smarter and responds to the prompt “Hey BMW”.

Voice control with natural language understanding has been further improved and the range of functions available for BMW Gesture Control has also been expanded to include two additional gestures, bringing the total to seven.

Following in Tesla's footsteps, BMW's new Remote Software Upgrade function allows customers to perform over-the-air upgrades to ensure their vehicle is always up-to-date.

In future they will also be able to download additional vehicle functions and services at a later date. With the new BMW Cockpit, the brand is creating an even more personal, intelligent and consistent overall experience for its customers.

BMW Live Cockpit and BMW Operating System 7.0

The BMW iDrive Controller was introduced in 2001, marking a ground-breaking development in vehicle operation.

With its award-winning ID6, BMW set a new standard for in-car display and control concepts. The enhancement in BMW Operating System 7.0 is also reflected in the nomenclature and new way in which options are structured.

BMW Live Cockpit (as well as BMW Live Cockpit Plus and BMW Live Cockpit Professional) refers to the three levels of hardware and basic functionality, such as the installed display cluster, navigation and entertainment system, available interfaces and technical requirements for operating options, like voice and gesture control.

The features at each level of the BMW Live Cockpit are adapted for models in the corresponding vehicle classes. BMW Operating System 7.0 refers to the software package and functionality of the new and fully digital display and control concept, which relies on the digital-only display cluster of BMW Live Cockpit Professional. Version numbering already hints at regular enhancements through remote software upgrades.

The digital design, which combines 2D and 3D graphics with animation, is tailored to the user’s needs. The aim is to focus the driver's attention according to the driving situation, and to always provide the relevant information.

Access to vehicle settings and functions is much easier and faster with a new and flatter menu structure. The combination of vertical lists and horizontal bars allows submenus to be accessed with fewer steps. Functions frequently used by the customer are clustered in the quick access toolbar.

The Info Display no longer replicates analogue circular gauges. These have been replaced by arced design elements that open towards the centre. Their shape and arrangement bring BMW’s typical “four-eyed” face from the front end into the interior.

Smarter layout

The new design opens up space in the centre of the Info Display for navigation content, with an orientation map showing the vehicle’s current position and relevant situational information for the rest of the journey.

Information on driver assistance systems is grouped together within the left-hand speedometer arc. In Comfort and Sport driving modes, the right-hand arc shows the engine speed; in ECO Pro mode, current fuel consumption and average speed are displayed instead.

Additional entertainment content can also be integrated into the right-hand arc. With a larger BMW Head-Up Display on the windscreen, all relevant content for the current driving situation is shown within the driver’s direct view of the road.

The design and graphic presentation of the entire display cluster, comprising Info and Control Display, as well as Rear-Seat Entertainment screens, is synchronised for a consistent look across all displays. For example, if the driving mode is changed from ECO Pro to Sport, the accent colour is switched from blue to red on all displays.

Up to 10 pages in the main menu can be individually configured. Page layouts with two, three or four pads (tiles) can be selected, with the content of the pads displayed in real time.

The customer can choose between communications, media/radio, clock, navigation, sports displays, route preview, traffic, position or driving information as content for the pads. The driver can use the selection button on the steering wheel to add additional content to the arc to the right of the Info Display as needed, including entertainment, fuel consumption and sports options, as well as a G-meter that displays the g-forces in effect along dynamic and winding routes.


2016 Budget will lead to more jobs in auto industry, says MAI

                KUALA LUMPUR: The Malaysian Automotive Institute (MAI) said there are adequate initiatives in the 2016 Budget to drive the automotive sector to be competitive domestically and globally.

Its chief executive officer, Mohamad Madani Sahari, said goodies for the automotive sector included the move to create more job opportunities, more training, and related measures to enhance the sector.

"To ensure a sustainable automotive industry, the proposed Budget 2016 has targeted the creation of 25,000 new jobs in the industry," said Madani.

This is in tune with the aspiration of the National Automotive Policy (NAP), whereby the automotive industry is expected to create an additional 150,000 employment opportunities by 2020.

It was reported there were about 550,000 employees in the domestic automotive industry in 2014.

Madani said other measures included training for the current 10,000 employees, enhancing competitiveness of more than 100 domestic vendors and strengthening over 500 existing workshops and service centres.

"Developing new entrepreneurs in sales, distribution, service, repairs, manufacturing, remanufacturing and recycling are also in the budget," he said.


Buy a brown Tesla Model S if you want to save money, say experts

Over 25% of brown Teslas were discounted at least 10% compared to the average Model S vehicle in the United States. — Image source: onlyusedtesla.com
BOSTON: Buying a shiny Tesla Model S in a subdued brown colour is a good way to save money, according to recent research on the value of new and used cars.

According to a study from US-based car search engine iSeeCars, brown versions of the US$75,000- (RM314,000) Tesla Model S are the most likely to be discounted by dealers, while red models are the least likely to be marked down.

On the used market, more than 25 per cent of brown Teslas were discounted at least 10 per cent compared to the average Model S vehicle.

The study analysed more than 4.1 million vehicles to find out which car colours are more likely to provide used car deals, defined as savings of 10 per cent or more off the market value. The research identified the car colours that provide the most and least deals.

"Tesla discontinued the colour (brown) in late 2014 because it wasn't popular, which explains why it is the most frequently discounted colour," said iSeeCars CEO Phong Ly.

White, silver, and red examples are the Model S colours that are the least likely to be discounted, said the experts.

"The most popular colour for the Model S is black, which is commonly associated with luxury and a favourite among luxury car shoppers,” said Ly.

The survey results apply to the US market, but brown is unpopular worldwide, according to the 2018 Global Automotive Popularity Report from paint supplier Axalta Coating Systems.

White followed by black and various shades of grey are the world's favourite car colours, with brown and beige shades finding favour in Russia, where 9 cent of buyers canvassed saying they would opt for the neutral shade.


Hyundai to decide hydrogen fuel-cell system plant location this year, says exec

                TOKYO: Hyundai Motor Co and its affiliates are ready to decide the location of a new hydrogen fuel-cell system factory this year, which could be in South Korea or overseas, an executive said today.

The factory will be capable of producing more than 100,000 fuel cell systems, which include the fuel-cell stack and power control unit, annually from around 2024, Jeon Soon-il, a Hyundai Motor Group executive in its fuel cell division, said at a conference here.

He declined to name which countries had been shortlisted.

A new factory in Chungju, South Korea, capable of making 40,000 systems a year, will be ready by the end of June, some two and a half years ahead of schedule, Jeon said.

Hyundai’s current fuel-cell system production capacity is about 12,000 annually, Jeon said.

A spokesman for Hyundai Mobis, the Hyundai Motor Group parts maker unit which makes fuel-cell systems, confirmed that the group is considering a new factory, but details such as location have not been decided.


Free Carsome Care+ insurance coverage for Carsome certified car buyers

                KUALA LUMPUR: Partnering with Carsome, PolicyStreet is introducing Carsome Care+, a first-of-its-kind car personal accident coverage that also covers your car loan payments in the event of unemployment.

The complimentary coverage is valid for a year and is embedded into every purchase of a Carsome certified car, available to Malaysians who apply for car loans from Carsome Capital without any additional cost.

It also includes personal accident coverage of up to RM10,000 in the event of accidental death or permanent disablement.

The loan protection add-on in Carsome Care+ covers car loan payments of up to RM1,000 per month for a maximum of six months.

The Carsome Care+ coverage also includes weekly hospitalisation benefits, smart key protection in the event of theft or accidental damage, theft of personal belongings kept inside the car, and travel allowance

for the transportation of the policyholder’s children to school and tuition classes.

Policyholders who want to claim the Carsome Care+ Coverage can email their bank statement and Employment Insurance System (EIS) claim documentation to claim@policystreet.com.

PolicyStreet is a regional full-stack insurance technology (insurtech) group of companies providing cutting-edge digital insurance solutions to businesses and consumers in Southeast Asia and Australia.

PolicyStreet works directly with over 40 life, general, and takaful providers globally to offer a comprehensive range of products and services.

As a licensed reinsurer and general insurer by the Labuan Financial Services Authority (LFSA), an approved Financial Adviser and Islamic Financial Adviser by Bank Negara Malaysia (BNM), and a licensee of the

Australian Financial Services License by the Australian Securities and Investments Commission (ASIC), PolicyStreet is able to underwrite, customise policies, and provide unbiased advice to its clients and partners worldwide.

PolicyStreet is backed by the Malaysian sovereign wealth fund, Khazanah Nasional Berhad, and serves over five million customers with over US$6bil in sum insured.

"While car insurance is mandatory for road-legal vehicles, there are no regulations to ensure that the drivers themselves are protected while on the road,” says Yen Ming Lee, co-founder and CEO of PolicyStreet.

“Through our partnership with Carsome, we hope to narrow the protection gap and protect underinsured Malaysian drivers. By embedding the Carsome Care+ protection into the car purchasing journey, we can offer drivers purposeful insurance coverage without the added financial burden,” he says.

Meanwhile, Carsome is known as Southeast Asia’s largest integrated car e-commerce platform.

Carsome co-founder and group CEO Eric Cheng said, "This insurance policy goes beyond the usual after-sales services. We understand the worries and uncertainties that come with car ownership, and that's precisely why we've partnered with PolicyStreet to provide this added layer of protection.”


Mazda distributor improves aftersales support

                PETALING JAYA: Bermaz Motor has announced that new Mazda vehicles registered from Jan 1, 2019 will have 5-Years Manufacturer Warranty + 5 Years Free Maintenance (previously 3-Years Free Maintenance).

The new coverage terms applies to all Mazda vehicles distributed by Bermaz Motor except the BT-50 pickup truck.

The free maintenance package provides Mazda vehicle owners with free scheduled maintenance according to manufacturer’s standards and is inclusive of labour, parts and lubricants.

The manufacturer warranty and free maintenance have a coverage of five years and a mileage limit of 100,000km, whichever comes first.


JPJ offers 70% discount

                PETALING JAYA: In a rare occasion, the Road Transport Department (JPJ) is offering a 70% discount on summonses in conjunction with the Merdeka month.

Transport Minister Datuk Seri Dr Wee Ka Siong said the discount will last for the whole of August.

“The discount is given to all compoundable summonses issued by JPJ and the Land Public Transport Commission (SPAD, or what is now known as the Land Public Transport Agency) for offences under the Road Transport Act and Commercial Vehicles Licensing Board Act and other rules and orders under it, including cases that are still blacklisted,” he said on his Facebook page on Tuesday.

In an interview in June to mark his first 100 days in office, Dr Wee said JPJ rarely gives discounts, and had hinted back then that there may be some good news for Merdeka month.

This discount offer is not applicable for summonses issued by the police.

“The discount is applicable at all JPJ branches nationwide, including various urban transformation centres (UTC) and other payment channels such as JPJ’s mySIKAP portal, JPJ Kiosk and JPJ Mobile,” he said.

For offences that are associated with blacklists, Dr Wee said the public is required to come to the JPJ branch or state office to sort out the documentation first before payment can be made.


BMW introduces 1 Series Sedan for China

                BEIJING: With the premium compact car segment the fastest growing segment worldwide and in China, BMW is just itching to carve a big share of it. To do that, BMW is coming out with a 1 Series Sedan in its latest offensive but it will only be sold in China.

Tailored to the needs of Chinese customers, the development and testing of the new car took place in the BMW headquarters with the involvement of Chinese engineers. The new car also performed intensive road tests across varying terrain and climate situations in China. BMW engineers have also made a lot of specific fine-tuning and improvements to comply with the Chinese customers' habits and vehicle-use environment.

The 1 Series Sedan originated from the concept car BMW Concept Compact Sedan, which made its world premiere at Guangzhou Motor Show 2015. As a model ready for production, the 1 Series Sedan maintains design elements of the concept car, including BMW's typical body proportion. The car has a concise BMW face with double kidney grille as well as LED double round headlamps and brand emblem in a very present, sporty and modern interpretation. The characteristic BMW design language is also shown in the sporty, emotional and modern-looking silhouette with Hofmeister kink.

BMW ConnectedDrive technologies are comprehensive, providing unparalleled convenience, rich infotainment, and significantly enhanced safety. The latest powerful and technology-leading engines with hi-tech electronic technology from BMW are produced at the new local engine plant in Shenyang through BMW Brilliance Automotive Ltd, a joint venture of BMW Group and Brilliance China Automotive Holdings Ltd. The operation includes production, sales and after-sales services of BMW vehicles.

With the 1 Series Sedan included and following the launch of the X1 and the 2 Series Active Tourer, there are now five locally-produced BMW model series in China, offering more attractive entry-level choices for its customers.


Raine — the coupe man

                Being a fan of coupes, Mark Raine wants to see more of his favourite bodystyle on the roads.

“I just love coupes because they have sexy bodylines. You feel more fashionable and hip in a coupe,” the Mercedes-Benz Malaysia vice-president told CarSifu at the Nov 2 launch of the C-Class Coupe in Cameron Highlands.

Having arrived in Malaysia four years ago to head Mercedes-Benz’s sales and marketing of passenger cars, Raine’s intention to expand the luxury coupe market was met with scepticism.

Before he launched the Mercedes-Benz Malaysia’s coupe-line in 2016, Malaysia was neither a coupe market for Mercedes-Benz nor for other manufacturers.

“If I had listened to the people who said that Malaysia is not a coupe market two years ago, we would not have sold more than 500 units of the C-Class coupes today.

“You have to bring the line-up and you need to do it properly. Just bringing the cars here and marketing them half-heartedly will not work,” he said.

Raine said while the C-Class sedan is one of Mercedes-Benz’s top selling traditional models, the C-Class Coupe is sportier and more youthful-looking, enabling it to attract younger affluent customers.

“When we launched the C-Class Coupe in 2016, we made sure there were a lot of test cars for customers to drive. We did not want to be like other manufacturers which have test cars of their key models but not coupes.

“With the C-Class Coupe, we have proven that Malaysia can be a coupe market.”

 Being youthful-looking, Raine has the gravitas to pitch coupes to younger, affluent customers, a segment every car maker wants to cultivate.

Raine also said innovation and having the courage to do things differently were the key elements in raising the brand’s benchmark. “If you did everything the way you did yesterday, you will never progress.”

Citing an example, Raine said Mercedes-Benz Malaysia made a bold move by going into the local assembling of high performance models such as the Mercedes-AMG C 43 and GLC 43.

“Nobody except us has gone into local assembling of high performance vehicles.”

Raine said Mercedes-Benz Malaysia had delivered 474 AMG cars in the first nine months of the year.

“That’s a lot of performance cars on Malaysian roads. That’s how we also bring value to every customer as he can save RM100,000 by getting the locally assembled C 43 over the imported version.

Raine also said having an extensive product porfolio was important for Mercedes-Benz’s growth in Malaysia.

“If we were only interested in selling bread-and-butter line-ups, we would not have introduced the GT C, S-Class Coupe and Maybach models in Malaysia,” he said.

Raine said the company still needed to rely on traditional models to make ends meet.

“The introduction of special models are our long-term strategy to elevate the brand’s excitement.

“Even if our customers test-drive our GT C or C 63 Coupe but end up buying the C 300 sedan, it’s a job done for us,” he said. He also said the new C-Class had received an extensively increase in equipment level and value despite a “slight” price uptick.

“The pre-facelift C-Class sedan is a huge success worldwide, and in theory, would not need an upgrade. Our intention was to make a great car even better,” he said.

The new C-Class sedan now comes with a digital instrument cluster and widerscreen cockpit to enhance interior perception. It also gets premium open-pore wood panelling, which was once exclusive to pricier Mercedes-Benz models.

The C 200 variant gets a new turbocharged 1.5-litre engine with an EQ motor boost to improve low-speed performance. Other upgrades are active brake assist, blindspot assist, new multi-function steering wheel and keyless entry and go.

“The C 300 variant, on the other hand, gets additional lane keeping assist, parking assist and 360 degree camera view which are worth a lot of money.

“The C 300 also gets the Diamond grille and the AMG multi-spoke wheel, which were available in the previous C 43 variant,” said Raine.

He believes 2019 would be the year of SUVs for Mercedes-Benz Malaysia and exciting models are already planned for roll-out.

Mercedes-Benz Malaysia posted a record-breaking first nine months’ performance in 2018, resulting in 10,143 cars delivered which was a 16% growth compared to the same period last year.


UMW Toyota Motor aims for carbon neutrality by 2050 through mangrove reforestation

                SHAH ALAM: In line with the Toyota Global commitment to achieve carbon neutrality by 2050, UMW Toyota Motor (UMWT) and UMW Holdings Berhad (UMW) recently held a tree planting programme hosted by the Malaysian Nature Society at the Kuala Selangor Nature Park.

The programme is part of UMW’s Green Shoots Initiative (UGS) in conjunction with the National 100 million Tree-Planting Campaign 2020-2025; theme “Greening Malaysia: Our Trees, Our Life”.

The event was led by Faraed Mohd Sharif, Director of Customer First Group together with UMWT management, UMW CSR team, UMWT staff and students from Politeknik Sultan Idris Shah, Sungai Lang.

Together, they planted 1,500 mangrove saplings of the Bakau Kurap or Rhizophora Mucronata species within the mangrove swamp forest.

The 80 participants were taken on an ecology walk through parts of the 296-hectare wide Kuala Selangor Nature Park to learn about the importance of mangroves to the environment and coastal communities.

They were also given a demonstration of the seedling and germination process, while learning about the four families of mangroves and 13 different species of mangrove trees.

Greenhouse gas (GHG) emissions like carbon dioxide (CO2) are a major cause of climate change issues and a typical passenger vehicle emits about 4.6 metric tonnes of CO2 per year.

Mangrove forests can help mitigate the effects of climate change as they act as huge carbon sinks which are able to sequester two to four times more carbon than mature rainforests, in addition to helping shore up our coastlines and reduce the impact of severe flooding while supporting the biodiversity of the area.

Recognising this, UMW and UMWT have planted close to 40,000 trees to date with almost 50% being mangrove trees, in their journey towards offsetting CO2 emissions and realising their Zero Carbon goals by committing to planting some 300,000 trees over the next two years.

Faraed said the initiatives contributed to climate resilience while cementing Toyota’s global commitment towards achieving carbon neutrality by 2050 through activities that offset CO2 emissions.

“We have also integrated the United Nations Sustainable Development Goals as part of our operations as a guideline to help us reach carbon neutrality.

“Moving forward, we are focused on providing ‘Mobility For All’, by supporting the creation of more independent, safe and eco-friendly mobility solutions in line with Toyota's local mass manufacturing plans towards a ‘Clean, Safe and Secure Society”.

“UMW Toyota Motor will continue our active participation with sustainable tree planting activities in two more locations this year as part of the UMW Green Shoots Initiative to inspire more environmental conservation and restoration works within communities as we take steps toward investing in nature-based solutions for carbon sequestration”, he added.

UMWT places high priority on environmental conservation, hence, the company sets a target to achieve carbon dioxide reduction from logistic activities and its assembly facility, as guided by the Toyota environmental action plan, through the installation of 2MW solar panels.

The automotive company’s environmental CSR efforts extend in the form of education through its Toyota Eco Youth Programme (TEY), a collaboration between UMWT and the Education Ministry.

Since 2001, the programme has sought to create a future generation of youths with strong eco-values and leadership skills in secondary schools.

Harmonious to the Toyota Global strategy to achieve carbon neutrality by 2050, UMWT locally launched the Corolla Cross HEV last year, with more HEV models in its future line-up.

For more information, visit www.toyota.com.my.


PICKnGo collaborates with MUDAcare to keep taxis sanitised

                SHAH ALAM: Ride-hailing company PICKnGO has announced its collaboration with MUDAcare to help keep up the vigilance against the current coronavirus (Covid-19) pandemic.

PICKnGo has introduced what it dubs as a comprehensive vehicle sanitising package that promises a high-level of sanitisation while still keeping fares affordable.

The ride-hailing company added that MUDAcare's trained applicators will spray selected taxis with their coating - a nanoscale titanium dioxide-based (N-TiO2) solution.

The solution is applied on various surfaces in the vehicle with an electrostatic sprayer and is said to be able to "kill" viruses, bacteria and mould - yet is non-toxic and can last on surfaces up to six months.

In addition, the solution is said to have been approved by the Food and Drug Administration (FDA) in the US and is also CE-certified in that it meets EU standards for health, safety and environmental protection as well.

To encourage taxi drivers to maintain their disinfection regime with MUDAcare, PICKnGO will be partially subsidising the sanitisation cost and have already sanitised 100 taxis with more to come.

“Taxi drivers might not be able to sanitise their vehicles after every ride. Hence, we are encouraging our drivers to use N-TiO2 - based sterilising solution to keep their taxis protected for longer periods," said PICKnGO executive director Valerie Chan.

She added that taxis which have been sanitised with the solution will receive a sticker with a validation period to provide customers peace of mind.

For more information about the treatment, call PICKnGO Centre in Shah Alam at +6016-336 1636.


Hyundai to reveal new Sonata in New York

                LOS ANGELES: After the successful launch of its luxury Genesis brand, Hyundai is now turning its attention to revitalising its bread and butter models. The impressively redesigned new Elantra GT has already been revealed at this year's Chicago Auto Show, and now it's time for the unveiling of the 2018 Sonata.

This will take place at this year's New York International Auto Show on Wednesday at the Jacob Javits Convention Center, and the event will also be live-streamed so media, fans and enthusiasts who can't be at the show can still be part of the whole unveiling experience.

So far, we've only seen some teaser sketches and of course the obligatory spy shots of the new model undergoing testing, but everything points to a somewhat sportier new look for the 2018 Sonata along the lines of the recently refreshed Korean Sonata.

Unsurprisingly, the designers appear to be adopting the appealing look and stealing some signature design cues from the smaller Elantra and Accent models, such as a redesigned front grille, new LED running lights and redesigned tail lights. There will also be a new trunk badge that cleverly doubles-up as the opening handle.

Also expect some additional technology upgrades to what we currently see with the Sonata, which should include wireless phone charging, larger touchscreen infotainment displays, extra USB charging ports, and a new leather-wrapped steering wheel.

There's been no definite word about new powertrains for the 2018 Sonata, but it's already been revealed that Hyundai's N performance division has been developing a new turbocharged 2.0-litre inline-four, so the 2018 Sonata Turbo/Sonata Sport 2.0T could feature a version of that unit.

And with the way many manufacturers are upgrading their automatic transmissions at the moment with more gears, it's likely the current Sonata's six-speed auto will be replaced by a new eight-speed unit for better performance and greater fuel-efficiency.


Mitsubishi ASX gets a fresh look and a new engine

                TOKYO: Mitsubishi's ASX compact SUV has been given a major makeover inside and out and enters showrooms with a new two-litre engine.

The Japanese maker has struck the diesel variant from the line-up and also enhanced standard equipment inside with a new infotainment system. New exterior colours are also on offer.

This is the third revamp for the ASX which has been around for 10 years. Mitsubishi hopes the makeover will keep the ASX competitive in a hotly-contested sector.

The refreshed ASX gets the full "dynamic shield" styling treatment with a front end that looks completely different. The front bumper, grille and deeper bonnet are all new.

The design language of the ASX is shared with the latest Eclipse Cross, Outlander and Shogun Sport.

The new engine replaces the previous 1.6-litre issue to provide significantly more power. Output has been raised by 35 to 150 horsepower. This is enough to propel the ASX from a standing start to 100 km/h in 10.2 seconds. The car can top 190 km/h.

Mitsubishi has not released consumption and emission figures for he ASX, which will also be sold with four-wheel-drive and optional automatic gearbox.


Tokyo Motor Show 2019: Toyota Booth set to wow

                TOKYO: While many carmakers are staying with the proven plan of using motor shows to display their latest models and concepts, Toyota has taken a further step by using it to showcase its "mobility for all" initiatives as its way of improving society.

With Tokyo Motor Show 2019 as a backdrop, Toyota's display is unconventional and features robots along with smart automotive and connected technologies in 'a future city' inline with its mobility pursuit.

Toyota's idea of a better future through mobility is key to its partnership with the Olympic and Paralympic movement to provide safe and environmentally sustainable mobility solutions to participants and visitors to the games in Tokyo next year.

Launching the Toyota Booth at the 46th edition of the Tokyo Motor Show, Toyota president Akio Toyoda said visitors would have a fun time and experience a future society of mobility which centred on people.

"Our booth this time does not feature a single car 'to be launched next year.' All that are found here are forms of mobility that link to society and communities and that provide modes of getting around and services to people.

Toyota's newly unveiled Yaris and Mirai Concept were displayed at different locations of the show.

Among the highlights of Toyota's "future mobility theme park" booth is the e-Palette autonomous vehicle scheduled to debut in the Olympic and Paralympic Games Tokyo 2020.

"In the future, the e-Palette will be able to be an office, a shop, or even a hotel. It will be able to become various kinds of services, and it will go to people," Toyoda said.

Other futuristic concepts include the HSR single-arm robot which can help carry items, the Micro Palette robot which brings drinks, e-4me single-seater mobility platform that lets passengers enjoy connected services while on route and e-RACER which represents the "fun-to-drive" element of the future.

Toyota Booth also comes with a convenience store where visitors could exchange points they collected on their "residence card" for a novelty item.

The show is held at Tokyo Big Sight from Oct 25 to Nov 4.


India's green car plan prioritises electric vehicles over hybrids

File pic of Mahindra's concept electric sports car 'Halo' at its 2014 unveiling during the Indian Auto Expo in Greater Noida on the outskirts of New Delhi.
NEW DELHI: India's most influential government think-tank has recommended lowering taxes and interest rates for loans on electric vehicles, while capping sales of conventional cars, signalling a dramatic shift in policy in one of the world's fastest growing auto markets.

A draft of the 90-page blueprint, seen by Reuters, also suggests the government opens a battery plant by the end of 2018 and uses tax revenues from the sale of petrol and diesel vehicles to set up charging stations for electric vehicles.

The recommendations in a draft report by Niti Aayog, the planning body headed by Prime Minister Narendra Modi, are aimed at electrifying all vehicles in the country by 2032 and will likely shape a new mobility policy, said government and industry sources.

The report's focus solely on electric vehicles marks a shift away from the current policy that incentivises both hybrid vehicles - which combine fossil fuel and electric power - and electric cars, and is worrying some automakers.

"India's potential to create a new mobility paradigm that is shared, electric and connected could have a significant impact domestically and globally," said a draft version of the report, titled Transformative Mobility Solutions for India, which will be made public this week.

India's plan to leapfrog hybrid technology comes after China announced aggressive measures last year to push sales of plug-in vehicles including subsidies, research funding and rules designed to discourage fossil-fuel cars in big cities.

It would also mark a radical response by India as it looks to cut its oil import bill to half by 2030 and reduce emissions as part of its commitment to the Paris climate treaty.

Officials acknowledge the blueprint faces challenges. High battery costs would push up car prices and a lack of charging stations and other infrastructure means car makers, who have been consulted on the proposals ahead of publication, would hesitate to make the necessary investment in the technology.

"If we accelerate electric vehicle growth it will be a disruption for the auto sector and would require investment, but if we're not able to adapt quickly we risk being net importers of batteries," said a government source involved in the plans. "There has been resistance from car makers."

India's top-selling carmaker Maruti Suzuki has invested in so-called mild-hybrid technology, which makes less use of electric power than full hybrids, while Toyota Motor Corp sells its luxury hybrid Camry sedan in the country.

Mahindra & Mahindra is the only manufacturer of electric vehicles in India.

India, in 2015, launched a scheme called Faster Adoption and Manufacturing of Hybrid and Electric Vehicles under which it offered incentives for clean fuel technology cars to boost their sales to up to 7 million vehicles by 2020.

Despite incentives as high as 140,000 rupees (RM9,451) on some cars the scheme has made little progress, with the sales of electric and hybrid cars making up only a fraction of the 3 million passenger vehicles sold in India in 2016.

The scheme, which expired on March 31, has now been extended by six months while future policy is worked out, two government officials said. Lack of clarity on policy risks delaying investment in the auto sector, one official added.

The new Niti Aayog report, co-produced with US consultancy Rocky Mountain Institute, outlines a 15-year plan, broken into three phases starting in 2017.

"Limit registration of conventional vehicles through public lotteries and complement that with preferential registration for electric vehicles, similar to that in China," the report said, in one of its most radical proposals.

To kick-start the shift, the report suggests bulk procurement of electric vehicles, building standardised, swappable batteries for two- and three-wheelers to bring down their cost and having favorable tariff structures for charging cars.

"Prioritise battery and charging infrastructure development," the report states, while setting a 2018 goal for setting up a 250 megawatt per hour battery plant with an aim to reach one gigawatt of production by 2020.

It also recommends setting up battery swapping stations by 2018, common manufacturing facilities for components and increasing subsidies on all battery electric vehicles to bring them to cost parity with conventional models by 2025.

Other suggestions in the blueprint include incentivising the use of electric cars as taxis by lowering taxes, interest rates on loans for purchases and electricity tariffs for fleet operators, and lowering duties on makers of such fleet cars.

Puneet Gupta, South Asia manager at consultant IHS Markit, said the government would need to lead the change with generous incentives to achieve its goal.

"This is one of the most radical changes the government is talking about," said Gupta. "All cars being electric is a distant dream."


Apple and ChargePoint team up on electric vehicle charging info

                SAN FRANCISCO: Electric vehicle charging network ChargePoint said on Tuesday that it will team up with Apple Inc to integrate a wide range of EV charging information in Apple's CarPlay infotainment system.

EV drivers will get hands-free access to such information as the location and status of charging stations on ChargePoint’s mobile app on the CarPlay cockpit display screen.

The app also will enable drivers to navigate to the nearest charging station and start a session, as well as ascertain speed of the charger, cost, availability and plug type.


Hyundai Tucson 2015 debuts in Geneva

                GENEVA: Hyundai Motor had the world premiere of the all-new Tucson compact SUV at the Geneva Auto Show 2015.

Also on display for the first time is the new ix20 compact MPV.

Hyundai Motor’s new technology capabilities are showcased in Geneva with two all-new Tucson fuel efficiency concepts - a 48V Hybrid and a Plug-in-Hybrid version - as well as a future connectivity cockpit concept.

The all-new Tucson is built on a completely new platform that optimises cabin space for passengers and provides a substantial 513 litres of luggage capacity.

 2015 Hyundai Tucson compact SUV.

In terms of safety, all-new Tucson is one of the most comprehensively equipped vehicles in its segment - featuring numerous active electronic driving aids like an Autonomous Emergency Braking system, Lane Keeping Assist System, Rear Traffic Cross Alert, Blind Spot Detection, Speed Limit Information Function and an Active Hood System.

The new rack-mounted motor-driven power steering is precise and direct while the new suspension and dampers offer high levels of comfort and compliance for a smooth ride.

 2015 Hyundai Tucson compact SUV.

The all-new Tucson will be available with one of the widest powertrain ranges in its class, including a new turbocharged 175PS (1.6-litre) T-GDI engine with six-speed manual or seven-speed dual-clutch transmission, plus a petrol 132PS (1.6-litre GDI) unit and three diesels: 115PS (1.7-litre), 136PS (2.0-litre) or 186PS (2.0-litre).

As for the new ix20, Hyundai’s design team had added new bi-function projector headlamps and LED rear combination lamps to create a modern appeal.

A new hexagonal front grille design aligns the new ix20 with Hyundai’s latest family face.

The new ix20 is available with diesel and gasoline engines ranging from 77PS to 128PS and a six-speed automatic transmission for the 1.6-litre petrol engine.

 2015 Hyundai ix20.  2015 Hyundai ix20.


Honda aid helps over 300 residents at charity homes

                MALACCA: Honda Malaysia and the Honda Malaysia Suppliers Club have recently donated nearly RM40,000 worth of essential goods to six charity homes in Malacca to help alleviate the burden brought about by the Covid-19 pandemic and lockdown.

The six charity homes include old folks' homes, welfare centres and orphanages located near Honda's plant in Pegoh. At the same time, this initiative also provided an opportunity for the company and its suppliers to strengthen their relationship.

Over 300 people have benefited from the aid distributed on July 26 and July 28.

The charity homes were Persatuan Kebajikan Kanak-Kanak Istimewa Dan Warga Emas Alor Gajah, Pertubuhan Kebajikan Warga Emas Dan Anak Yatim Victory, Pertubuhan Kebajikan Anak-Anak Harapan, Persatuan Kebajikan Sri Murni Insan Istimewa, Pertubuhan Kebajikan Bhagawan Sri Ramakrishna and Pusat Jagaan Pertubuhan Villa Harapan.

The items the homes had received included rice, flour, eggs, cooking oil, as well as hygiene products comprising disposable diapers, detergent and shower gel.

"We hope the contributions from Honda Malaysia together with the aid from public donations and Social Welfare Department can provide some relief," said Honda Malaysia managing director and chief executive officer Madoka Chujo.

"We are hopeful that the ongoing vaccination programme will help to curb the spread of Covid-19 and bring about a safer environment for all of us in Malaysia."


Spot early signs of road rage

                PETALING JAYA: Malaysians are used to hearing about road rage cases every now and then.

They might even have been the target of road rage, which is at best unpleasant. In the worst case, it could escalate into a situation that caused injuries or death.

Violent and unprovoked attacks are rare, but it pays to be observant and if possible to recognise signs of trouble at their earliest stages.

Here are some tips to spot trouble when motoring along the road, courtesy of GEM Motoring Assist, a UK-based recovery service association.

1 Keep calm and show restraint. Every journey brings the risk of frustration and conflict. Make a pledge to be patient. Avoid using your horn or making gestures in anger.

2 Avoid competition and resist the desire to ‘get even’. If the standard of someone else’s driving disappoints you, don’t attempt to educate or rebuke them.

3 Don’t push into traffic queues. If you wait and clearly signal, you won’t wait long before another drive lets you in.

4 Say thank you, say sorry. Courtesy encourages co-operation on the road. If you make a mistake (and we all do!) or perhaps cut things a bit fine, then a gesture of apology avoids confrontation and helps defuse anger.

5 Move away from trouble. If you feel seriously threatened by another driver, then ensure your car doors are locked and drive (at legal speed) to the nearest police station or busy area (petrol stations are ideal). Use your mobile phone to alert the police. Pressing the horn repeatedly or continuously is likely to deter a potential attacker.


Polestar is founding partner of World EV Day

                GOTHENBURG: Polestar has partnered with ABB and Green.TV as a founding partner of the inaugural World EV Day, to be held on Sept 9, 2020.

The day will celebrate global electric mobility, further raising awareness and promoting discussion.

“We must move forward towards a more sustainable future,” said Thomas Ingenlath, CEO of Polestar. “I believe that electric vehicles are a crucial step on this journey. World EV Day is a great opportunity for us to share our message and be a guiding light for the automotive industry.”

World EV Day aims to drive the shift to sustainable road transport and a zero-emissions future. It will be an open and inclusive digital campaign to engage consumers and policy makers alike.

Polestar begins deliveries of Polestar 2, the electric performance fastback, in 10 global launch markets during the summer of 2020.


Why the Japanese are struggling to embrace electric cars

                TOKYO: Over the past two years, electric car sales have soared around the world - but not in every country.

One nation of die-hard motorists is still resisting all-electric cars.

While the Japanese seem to be all for hybrid solutions, they don't seem to be interested in 100% electric cars.

This is no doubt due to infrastructure problems and the fact that domestic manufacturers are not yet sufficiently involved in the sector.

The share of electric cars on the road in Japan is extremely low compared to the rest of the world, where the switch seems to be slowly but surely taking place as the end of the era of combustion engines draws closer.

In fact, this is the only major market where all-electric vehicles are still not taking off. There are several reasons for this.

The first involves available infrastructure. In Japan, most people live in densely populated areas, where access to personal charging stations is not always possible.

It is therefore necessary to rely on public infrastructure, which is currently insufficient to accommodate everyone's needs.

Nevertheless, the country will have to invest in getting the necessary infrastructure, since the Japanese government has already announced a ban on the sale of new gasoline or diesel vehicles by 2035.

On the other hand, Japanese drivers are not especially encouraged by the vehicles on offer from domestic manufacturers.

While Nissan, with the LEAF, has historically been a pioneer in this field, its counterparts are dragging their feet.

Toyota is historically committed to hybrids and finally took the turn to all-electric a little late.

Nevertheless, the manufacturer plans to release no less than 30 fully electric models by 2030.

For its part, Honda caused a sensation with its first small electric city car, but it is struggling to find an audience. Overall, the Japanese still don't have access to a domestic offer that's sufficient to win them over fully.

Today, the fleet of electric and fuel-cell passenger vehicles stands at nearly 13 million vehicles, 8.5 million of which are zero-emission models, powered exclusively by electricity or hydrogen.

Even though this fleet represents only 1% of the world's total, momentum is almost certainly gathering, as reports the "Zero-Emission Vehicles Factbook" study, published by Bloomberg New Energy Finance (BNEF).

China has the most electric vehicles on the road (5.5 million), far ahead of Europe (4.1 million).

The US follows, with a fleet of nearly two million electric and fuel-cell vehicles.


Catch the MINI Recharge Roadshow

                CYBERJAYA: MINI Malaysia, is inviting fans of the brand to reinvigorate their passion for life and adventure at the MINI Recharge Roadshow.

The roadshow promises an enriching experience with the new Countryman Sports and Countryman Plug-In Hybrid - both launched in April this year.

Other roadshow-exclusive deals await at the MINI Recharge Roadshow, including MINI ownership from the lowest rate of RM2,468/month with Full Circle financing for the Countryman Sports, free gift with test drive, as well as offers on MINI Lifestyle Merchandise.

The roadshow's dates and locations are as follows:
- Aeon Seremban 2 (Nov 2 to 4)
- Paradigm Mall Johor Bahru (Nov 9 to 11)
- Aeon Bukit Tinggi (Nov 23 to 25)
- Desa ParkCity (Nov 30 to Dec 2)
- 1 Utama (Dec 14 to 16)
- Vivacity Megamall (Dec 28 to 30)

All MINI vehicles come with a four-year unlimited mileage warranty with free scheduled service, as well as MINI Roadside Assistance.

Additionally, owners are entitled to privileges that come exclusively with the MINI Black Card, be it travel, health, gadgets or sports events.

The MINI Black Card also keeps owners on a priority list for everything MINI is doing, from special previews to parties, events and product launches.

For more information about the roadshow or to register your interest, log on to www.mini.my/recharge.


Faraday Future starts production of FF 91 EV after months-long delay

                LOS ANGELES: Faraday Future Intelligent Electric Inc said on Wednesday it has started production of its much-delayed first luxury electric car, FF 91 Futurist, at its California factory.

Last November, the Los Angeles-based electric-vehicle company had raised doubts about its ability to continue as a "going concern" and the delivery timeline for FF 91, shortly after it underwent a board reshuffle following a governance dispute with its largest shareholder.

Delivery of the sports utility vehicle was originally slated to start in late-2022.

"This shows that FF has entered a new phase under the governance and operation of the new board and management," founder YT Jia said in a statement.

The FF 91 Futurist is expected to be offered in both the U.S. and China markets, with initial 2023 sales to begin in Los Angeles, San Francisco, New York, Shanghai and Beijing, the company said.

Deliveries in the US will begin at the end of April 2023, a spokesman for Faraday Future said, but did not give details on who the first customers would be.

The company has said the latest generation of its car had longer range and better acceleration than rivals such as Tesla Inc's Model X, Mercedes Benz Maybach S and Rolls Royce Cullinan.


New vehicle sales in Malaysia to hit 470,000 units in 2020

                PETALING JAYA: Malaysian Automotive Association (MAA) has revised upwards it’s total industry volume (TIV) forecast to 470,000 units from 400,000 units initially, on the back of the government’s sales tax exemption and introduction of new models at competitive prices that may sustain buying interest.

Despite the revised forecast, MAA president Datuk Aishah Ahmad cautioned that consumer sentiment is still expected to remain weak due to the uncertain economic environment.

“Businesses are likely to hold back investments in view of continuing uncertainties,” she said at the MAA’s 2020 half-year sales briefing today.

“There will be stricter vetting by financial institutions on applications to obtain hire purchase loans as banks are very cautious during this period of uncertainty.”

Under the Short-Term Economic Recovery Plan announced by Prime Minister Tan Sri Muhyiddin Yassin last month, locally-assembled cars will be fully-exempted from sales tax while for imported cars, the sales tax will be cut from 10% to 5%, until Dec 31.

Meanwhile, TIV in the first half of 2020 plunged 41.1% to 174,675 units from 296,317 units in the previous corresponding period, as a result of economic disruptions resulting from the country’s movement control order to curb the spread of the Covid-19 pandemic.

In April, the MAA revised downwards its 2020 TIV forecast to 400,000 units from 607,000 units it had projected in January.

This year’s sales forecast marks the first time in 13 years since the TIV failed to surpass the 500,000-unit mark.

According to historical data, the last time vehicle sales failed to breach the 500,000-unit mark was in 2007, when TIV stood at around 480,000 units.


RM50 for traffic summonses: Police give a month for offenders to settle

                GUA MUSANG: The police is offering a special settlement rate of RM50 for traffic summonses issued in 2022 or earlier for one month, starting today until May 21.

Bukit Aman Traffic Investigation and Enforcement Department director Datuk Seri Mat Kasim Karim said the special rate was carried out for the first time by the police so that the summonses for non-compoundable offences can be settled.

According to him, the reduction of almost 85% to 86% shows the government's intention to contribute in terms of providing facilities to the people by reducing the burdens faced by the community.

He said this includes non-compoundable traffic offences that require offenders to go directly to court.

"This move is due to members of the community’s complaints that they face problems with licence and road tax renewals. So, with this offer, it will offer convenience to the community,” he told reporters when visiting the Gua Musang alternative route here on Thursday.

Mat Kasim said, however, that the offer was not valid for cases which are pending settlement in court.

At the same time, he called on the community to take advantage of the opportunity offered by the government as they have until after Hari Raya Aidilfitri to settle the summonses.

"Especially those with non-compoundable summonses, they should take this opportunity as this kind of offer has never been (implemented) in the history of the police because we are bound by the rules but the government sees what can be helped, so we try to help as best as we can.

"No need to rush to make the payment, let's celebrate Aidilfitri first because there is still time to settle the summonses,” he said.


‘VIP’ number plates for sale to pay for Visit Pahang Year 2017

                KUANTAN: Pahang will introduce special registration plates - VIP 1 to VIP 9999 series - to fund the promotion for Visit Pahang Year 2017.

Sources from the state government said its request for the special registration plates had been approved by the Ministry of Transport and the state government would pay RM1mil to the Road Transport Department for exclusive rights to the special registration series.

“The aim of selling the special VIP registration numbers or in short ‘Visit Pahang’ is to gather funds needed for the promotion of the Visit Pahang Year 2017 (TMP 2017).

“It is also to avoid dependency on the state government’s allocations nor sponsorship from any parties as this effort requires a relatively high cost for promotions from here to London.

“Besides that, the state government also intend to issue special registration number series as a commemorative item of TMP 2017,” said the source when contacted Tuesday.

Meanwhile, the state government hope the sales of the special VIP numbers would help raise a high bid as accomplished by the registration number ‘F’ for Putrajaya.

He said, the state government is expected to call for a special press conference to announce the initiative after all related matters with respective parties have been finalised.


2017 World Car finalists announced

                GENEVA: The Road to World Car journey continues with today’s announcement of the Top Three in the World finalists in six award categories at the Geneva International Motor Show.

This announcement continues the countdown for the 2017 World Car Awards winners’ press conference hosted by the New York International Auto Show (NYIAS), Bridgestone Corporation, Autoneum and Brembo on Thursday, April 13, 2017. Winners of the 2017 World Car of the Year, World Luxury Car, World Performance Car, World Green Car, World Car Design of the Year and the inaugural World Urban Car will all be declared at this time.

The New York International Auto Show is proud to once again co-host the world’s number one automotive awards program,” said Show chairman John LaSorsa.  “Each year, we look forward to recognizing and honoring the ‘best of the best’ in the auto industry. On behalf of the New York Auto Show, we’d like to congratulate all the finalists and wish them all the best as we head into the final announcement,” he added.

 Audi Q5.

2017 marks the fourth consecutive year that the World Car Awards have retained their ranking as the world’s number one automotive awards program in terms of media reach.

A jury of 75 distinguished international automotive journalists from 23 countries selected the following “Top Three in the World” finalists by secret ballot based on their evaluation of each candidate as part of their professional work.   The international accounting firm KPMG tabulated the jurors’ ballots.

The Top Three in the World finalists in the six award categories are as follows:

2017 World Car of the Year:
Audi Q5Jaguar F-PACEVolkswagen Tiguan
2017 World Luxury Car:
BMW 5 SeriesMercedes-Benz E-ClassVolvo S90 / V90
2017 World Performance Car:
Audi R8 SpyderMcLaren 570sPorsche Boxster Cayman
2017 World Green Car:
Chevrolet BoltTesla Model XToyota Prius Prime
2017 World Urban CarBMW i3 (94 Ah)Citroen C3Suzuki Ignis
2017 World Car Design of the Year:
Jaguar F-PACEMercedes-Benz S-Class Cabriolet Toyota C-HR Jaguar F-Pace.

The Road to World Car began in Paris on September 29, was followed by a five-day stop in Los Angeles for candidate test-drives in November, and continues with today’s Top Three In The World announcement. The journey ends at the New York International Auto Show on Thursday, April 13, 2017 when all winners are declared.

 Volkswagen Tiguan.


Auto sector needs improvement in many areas, says Ong

                KUALA LUMPUR: The country's automotive industry involves many areas of engineering that need to be upgraded, including adapting to new technologies, said Deputy International Trade and Industry Minister Dr Ong Kian Ming.

Echoing Prime Minister Tun Dr Mahathir Mohamad’s call for the industry to gain knowledge in automotive engineering technology, in relation to the third national car, Ong said there are always new technologies coming into the automotive sector.

“When you talk about the new national car, that (automotive engineering knowledge) is more focused on the manufacturing side,” he told reporters after opening the 11th Automechanika Kuala Lumpur auto trade fair here today.

Ong said there were a lot of new technologies and new skills that needed to be mastered in the supply chain, and they were not confined to the third national car.

On the three-day event, he said it is an ideal platform for local and overseas industry players to build their business networks and expand their business in the Asean region and other markets.

About 300 exhibitors from China, European countries, South Korea, Middle Eastern countries, Singapore, Taiwan, Thailand and Malaysia are showcasing their products, services and technologies at the three-day event.


Audi fined 800 million euros for diesel violations

                FRANKFURT: Audi, a division of Volkswagen, said it was fined 800 million euros (RM3.8bil) on Tuesday for violations tied to heavily polluting six- and eight-cylinder diesel engines.

“Considering these special items the Audi Group will significantly undercut major financial key performance indicators forecasted for the fiscal year 2018,” Audi said in a regulatory statement.

Parent Volkswagen warned its earnings would also be affected.

Audi accepts the fine and will not lodge an appeal against it, the company said. By doing so, it said it admits its responsibility for the deviations from regulatory requirements.

Earlier this month, Volkswagen terminated the contract of Audi chief executive Rupert Stadler, who is under investigation for suspected involvement in emissions cheating. Sales executive Bram Schot is acting as interim CEO.

Volkswagen Group received a similar 1 billion euro (RM4.8bil) fine in June when prosecutors in Braunschweig also used a so-called administrative order to punish VW for oversight problems which allowed millions of polluting cars to hit the road.

VW was fined for developing and selling polluting four cylinder engines, while prosecutors in Munich at the time said they were examining whether to impose similar fines Audi.


Volkswagen boss quits over diesel emissions scandal

BERLIN: Volkswagen chief executive Martin Winterkorn resigned today, taking responsibility for the German carmaker's rigging of US emissions tests in the biggest scandal in its 78-year history.

"Volkswagen needs a fresh start - also in terms of personnel. I am clearing the way for this fresh start with my resignation," Winterkorn said, following a marathon meeting with the executive committee of the VW board.

The world's biggest carmaker has admitted to US regulators that it programmed computers in its cars to detect when they were being tested and alter the running of their diesel engines to conceal their true emissions.

Volkswagen did not name a successor, but said proposals on management appointments would be made to a full board meeting on Friday. Tagesspiegel newspaper, citing sources close to the board, said earlier that Winterkorn would be replaced by Matthias Mueller, who heads the company's Porsche sports car business.

WATCH WINTERKORN VIDEO ON DIESEL SCANDAL PRIOR TO RESIGNATION

(Posted on YouTube Sept 22, 2015)

Mueller, a former head product strategist, is also a management board member of Porsche SE, and so close to the Piech-Porsche family that controls Volkswagen.

Winterkorn, who during his eight years in charge oversaw a doubling in Volkswagen's sales and an almost tripling in profit, said he was shocked that misconduct on such a massive scale had been possible at the company, adding that he was not aware of any wrongdoing on his own part.

The carmaker was under huge pressure to take decisive action, with its shares down more than 30 percent in value since the crisis broke.

German Chancellor Angela Merkel had urged Volkswagen to move "as quickly as possible" to restore confidence in a company held up for generations as a paragon of German engineering prowess.

The US Environmental Protection Agency (EPA) said on Friday Volkswagen could face penalties of up to US$18 billion.

 Mueller is a potential successor.

Since then the crisis has snowballed, with the US Justice Department launching a criminal inquiry, according to a source familiar with the matter. European and Asian countries have also said they are investigating the matter.

Senior members of Volkswagen's board said in a statement they expected more heads to roll as an internal investigation seeks to identify who was responsible for the wrongdoing.

Volkswagen said on Tuesday about 11 million of its cars were fitted with Type EA 189 engines that had shown a "noticeable deviation" in emission levels between testing and road use.

The company sold 10.1 million cars in the whole of 2014.

The story has shocked the car market, with dealers in the United States reporting people holding back from buying diesel cars and "#dieselgate" trending on Twitter.

"Winterkorn did a good job and does not deserve to be sacrificed," said Metzler analyst Juergen Pieper.

"But given the scale of the problem and that he was responsible for R&D, one has to swallow the pill if something goes wrong," he said, adding that the heads of the company's Audi brand Rupert Stadler and VW brand Herbert Diess were possible successors, along with Porsche's Mueller.

Diesel engines power less than 3 percent of new cars sold in the United States but around half of cars in Europe, where governments have encouraged their use to meet fuel efficiency and greenhouse gas targets.

Their biggest selling point is fuel economy and low carbon emissions compared with standard gasoline engines. But they emit far more nitrogen dioxide, a toxic gas blamed for health problems. The suggestion that their emissions are worse than reported in tests could harm the whole sector and alter the future of the car industry worldwide.

"The Volkswagen issue is another black eye for the diesel engine overall," Mike Jackson, the chief executive of the AutoNation, the largest US car retailer, told CNBC, adding the "brand position" of Volkswagen was at risk in the US market.


New Nissan LEAF promises to be sleeker and offer more range

                YOKOHAMA: Nissan has revealed a profile shot of the new LEAF, saying it will feature an improved aerodynamic design that makes it even more efficient, allowing drivers to travel farther on a single charge.

Aerodynamics is key to how efficiently an electric car moves. Less drag and better stability enable the vehicle to drive longer distances before having to recharge.

The redesigned next-generation LEAF is lower to the ground, helping it realise zero lift for better stability at high speeds. Other new design features significantly stabilise the car when hit by strong crosswinds.

Inspired by airplane wings, Nissan engineers recreated the ideal shape for the new LEAF, enabling a symmetric air flow that helps it slice through the air for a smoother, more efficient journey.

The new LEAF will also be the first car in the world to have a single pedal called e-Pedal to accelerate, brake and stop the car. It will also feature the semi-autonomous ProPilot Assist technology.

The new LEAF will make its public debut at the Sept 16-24 Frankfurt Motor Show.

Nissan established itself as a pioneer in the EV movement by launching the LEAF, the world’s first mass-market electric vehicle.


No Cabinet decision yet on removing RON95 price cap, says minister

                PUTRAJAYA: The Cabinet has yet to make a final decision on the removal of the cap on the price of RON95 petrol, says Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail.

Referring to media reports on his statement on the removal of the price cap for the fuel, he said that RON95 petrol is now capped at RM2.08 per litre as a government measure to protect the people from being exposed to high and volatile petrol prices.

He also said that stabilising the retail price of fuel and implementing a targeted subsidy are commitments stated in the Pakatan Harapan manifesto for the 14th general election last May, and not setting the retail price of RON95 petrol at RM1.50 as is going viral on social media.

Saifuddin said measures to stabilise the retail price of the fuel have been implemented and the government is committed to implementing the targeted subsidy so that only the eligible and needy group of people receive the benefit.


France's classic 2CV car gets special edition — in wood

Robillard posing in his handbuilt wooden 2CV Citroen car. —AFP
PARIS: A wooden replica of Citroen's iconic "2CV", crafted by a French cabinetmaker using a mix of lumbers including apple, pear and cherry, is ready to hit the road.

Pensioner Michel Robillard took six years to complete his most ambitious creation to date: a fully operational version of the car dubbed the "Umbrella on Wheels", built completely by hand and almost entirely out of wood.

The undulating hood was carved out of a single block, and its requisite 22 ridges were honed with a wood chisel and sandpaper, the man who brought the once ubiquitous car to life in wooden form told AFP.

The 2CV -- which stands for "deux chevaux", meaning "two horsepower" -- was launched in 1948 as Citroen's answer to the Volkswagen Beetle.

Robillard keeps his smooth, shiny creation in his workshop in central France, along with 15 detailed mock-ups for the project.

The vehicle is equipped with an original engine from Citroen's later 3CV model, giving it the extra power needed to propel the naturally heavier wooden structure.

The car's wooden frame is protected from the heat of the engine with a layer of insulation.

Besides the engine, the vehicle's metal frame, wheels and headlights are the only parts the bearded Frenchman did not make himself.

"The hubcaps are made out of wood, just like the car's seats, which come with comfortable pillows," he said.

The vehicle has yet to pass its technical inspection, but it has already caught the attention of prospective buyers. Robillard is not selling, however, viewing the creation as something that will "remain after I'm gone."

Robillard dreams of putting the car on display in an art gallery, or seeing it featured in a big-budget TV advert or film.

A woodworker since the age of 14, Robillard began making miniature wooden replicas of the world's famous automobiles in the 1990s.

He has won several prizes for his intricate work, including for a Harley Davidson motorcycle and its sidecar, which took more than 500 hours to complete.

"It takes a whole day just to make a wheel out of walnut-tree wood. I'm always looking for a challenge!"


Modenas Vulcan S ABS priced from RM36,500

                SHAH ALAM: Edaran Modenas Sdn Bhd (Emos), the subsidiary of Motosikal dan Enjin Nasional Sdn Bhd (Modenas) has unveiled the price of its latest Modenas Vulcan S (ABS) sports cruiser.

Available in two variants, the Vulcan S in Metallic Flat Spark Black is priced at RM36,500 while the Pearl Matte Sage Green comes at RM37,200.

Both variants will be available in all Kawasaki dealer showrooms by end of March.

 Pearl Matte Sage Green.

The motorcycle features Kawasaki’s renowned 649cc liquid-cooled, parallel twin engine, which is also found in the Ninja 650 and is tuned to deliver 44.7kW and 62.4Nm of torque.

Unlike any other models, the Vulcan S sets itself apart with the 'Ergo Fit' system that offers different handlebar reach, a 705mm seat height and a three-position foot-peg mounting system to allow riders of all heights to ride comfortably.

Tyres are 18-inch for the front with a 17-inch size at the rear.

 Metallic Flat Spark Black.

Although the Vulcan S weighs 229kg, the motorcycle is still easy to manoeuvre during high and low-speed riding.

Features include an inverted triangle headlamp and a compact gauge cluster with an analogue tachometer and multi-function LCD display in blue LED backlight.

Modenas chief executive officer Roslan Roskan said the Vulcan S is one of the Kawasaki models that has long been awaited by local customers.

“It is the motorcycle that is built to fit all sizes, all ages and not only that, but the model will also help welcome edgy riders, old and new into the sport without hurting their wallets too much,” he said.

For enquiries or for more information, visit Modenas and Kawasaki's official websites at https://modenas.my/v2/ and http://www.kawasaki.com.my/home respectively, or contact the Toll Free Line at 1-800-880-008 or WhatsApp Careline at +6019-570 8135.


Hyundai Ioniq gets new AVN variant

                SHAH ALAM: Hyundai Sime Darby Motors (HSDM) has introduced another range-topping Ioniq Hybrid HEV Plus that now offers an upgraded audio visual navigation (AVN) system.

The new variant now takes the top spot costing an extra RM2,400 at RM116,488 (on-the-road with GST without insurance) over the previous range-topper - the Ioniq Hybrid HEV Plus.

It also comes with a three-year or 100,000km warranty (whichever comes first)

The new AVN system is android-based and sports an 8.0-inch touch screen for a wide range of systems and functions such as:
- Radio, MP3 Playback, Spotify app
- Bluetooth connectivity
- My Hyundai app for service booking or 24-hour roadside assist
- Waze and Google Maps installed
- Clock and Weather widgets updated via wifi

The system can also support standalone applications, such as Spotify, Waze and Google Maps.

Those interested but already drive an Ioniq may trade in their existing unit and top-up the difference.

For more information log on to www.hyundai.com.my or call Hyundai’s customer care line at 1-300- 13-2000.


Thriving trade in scrapped luxury cars

                JOHOR BARU: A 10-year-old car is considered not roadworthy in Singapore. And with taxes to be paid after half the lifespan, it makes sense to scrap cars after five years on the road in the republic.

For Malaysian middlemen, that’s a golden opportunity.

These middlemen buy luxury cars at scrap value in the republic, bring them into Malaysia, produce forged papers – apparently with help from some corrupt officials – and sell the cars at good prices.

Malaysian buyers are willing to take the risk to get their hands on luxury cars, as they are still far cheaper than the ones in registered car dealerships.

The cars are, on average, priced almost 10 times lower than the market price of a similar model in Malaysia.

A businessman, who wanted to be known as Mike, said buyers were willing to take the risk of buying such cars despite knowing that they could run into trouble with the law.

“It is so much cheaper than buying a second-hand car in Malaysia. The Singapore cars are usually just above over five years old and still in good condition,” he said.

Citing an example, he said a second-hand Mercedes-Benz that cost about RM80,000 here would only cost RM10,000 if illegally brought in from the republic.

“We engage with our Singaporean contacts and a driver would be sent there to drive out the car, passing through two immigration checkpoints in the republic and Johor Baru,” he added.

Then, it is up to the buyer if he wants to duplicate an existing car registration number or do an under-the-table registration with the Road Transport Department (JPJ). However, both comes with risk, he claimed.

Mike said although “cloning” the registration number of another car was much cheaper than registering the car with JPJ, the risk was higher.

“Usually, they look for a similar car model and colour, preferably from a different state, before duplicating the plate. With inside help, the dealers are able to get an original print copy of the road tax.

“However, the car will be without valid insurance. If JPJ conducts checks against the vehicle’s chassis number, the driver could be in trouble,” he added.

As for registering with JPJ, he said buyers would have to fork out about RM15,000 to get a licensed car importer to issue a permit to import for the car.

A JPJ officer can then help register the car and create a new grant. Customers are even given an option to register the car under running numbers or their chosen numbers.

Customers can then apply for insurance and easily renew their road tax every year.

Mike said that if the registration was cloned, the buyers would have to wait for the original owner to renew the road tax before it could be reprinted.

He claimed that he received an average of three to five customers monthly, most of whom were willing to spend an average of RM25,000 for a variety of luxury cars, especially Mercedes-Benz and BMW.

A driver who brings scrapped cars out of Singapore into Malaysia said some luxury cars could be sold for up to RM40,000 along with the vehicle’s original grant.

The cloning process alone is about RM5,000 to RM6,000.

He said buyers could opt to clone the registration of a scrapped Malaysian car of the same model and make or from other existing cars on the road.

He claimed there were also ways to alter the chassis number of the cars to match the grants of the scrapped Malaysian cars.


Volvo switches to renewable fuels for ocean freight that will cut fossil CO2 emissions by 84%

                GOTHENBURG: Every year tens of thousands of containers of production material destined for Volvo Cars factories are carried across the world’s oceans on container ships. From now on, most of these seafaring journeys are made with renewable fuel instead of traditional fossil fuel.

Volvo said it is the first global car maker to announce such a switch.

"We’ll achieve an immediate reduction in fossil CO2 emissions from intercontinental ocean freight by 55,000 tonnes over a year," it said in a statement.

"Thanks to the renewable fuel, CO2 emissions are reduced by at least 84 per cent compared to fossil fuel. The reduction is equivalent to the CO2 emissions of a full truck driving around the equator about 1,200 times."

The fuel used is Fatty Acid Methyl Esters (FAME) and is based on renewable and sustainable sources, mainly waste cooking oil.

Volvo would use renewable fuel for inbound ocean container transports of production material destined for manufacturing plants based in Europe and the Americas, as well as all spare parts distribution made globally by ocean container transports.

 Varela.

“Renewable fuel is not the end game for removing CO2 from the world’s ocean freight needs,” said Volvo chief operating officer and deputy CEO Javier Varela.

“Yet this initiative shows that we can act now and implement solutions that achieve significant results during the wait for long-term technological alternatives.

“We don’t view this initiative as a competitive advantage,” said Varela.

“On the contrary, we want to spark other car makers into action as well, to increase demand for carbon efficient ocean transports and to establish renewable fuels as a mid-term solution that works. We all have a responsibility to act.”

Volvo has been working on this initiative together with its logistics partners Maersk, Kuehne+Nagel and DB Schenker. These logistics service providers have from June 1 switched to renewable fuel for equivalent energy needed for all container transports done for Volvo.

When renewable fuel is not available on a specific shipment, its renewable fuel allocation is instead used by the logistics partner for another customer’s route elsewhere, so the overall cut in fossil fuel use is kept on par with actual use in container vessels. The methodology, called mass-balancing, is third-party audited regularly.


Toyota-backed Pony.ai to offer autonomous delivery service in California

                BEIJING: Toyota-backed self-driving company Pony.ai said today it would provide an autonomous delivery service to residents of Irvine, California, as demand for online orders surges because of the coronavirus lockdown.

As some 90% of US shoppers are under stay-at-home orders, a jump in demand for package and grocery delivery has left e-commerce platforms struggling to cope.

In response, Amazon has said it plans to hire 75,000 more people for jobs ranging from warehouse staff to delivery drivers.

Pony.ai said in a statement it would use autonomous electric vehicles to deliver packages from local e-commerce platform Yamibuy to customers in Irvine, California, which has a population of more than 200,000. It is 58km south-east of Los Angeles.

The autonomous fleet comprises 10 electric Kona sport-utility vehicles, made by Hyundai and its deliveries will mark Pony.ai’s first attempt to deliver goods, rather than transport passengers.

As part of efforts to curb the spread of the novel coronavirus, self-driving technology companies, including Alphabet Inc unit Waymo, General Motors Co unit Cruise and Uber, have suspended autonomous car testing that involves back-up drivers.

Pony.ai said in March it would pause its public robotaxi service in Fremont, also California, and Irvine for three weeks.

The company is testing cars in the Chinese cities of Beijing and Guangzhou and California’s Department of Motor Vehicles (DMV) eased regulation on autonomous delivery service last year.

The DMV said at the time it would allow the testing and commercial use of light-duty autonomous delivery vehicles on California’s public roads with certain permission.

Pony.ai, founded in 2016, raised US$462 million in its latest funding round in February, led by an investment by Japan’s largest automaker Toyota. It is also backed by Sequoia Capital China and Beijing Kunlun Tech Co.


The e-bike that's as speedy as a motorcycle or a car in the city

                PARIS: French e-bike maker Moustache is refreshing its Friday 27 FS Speed, now available in two versions, featuring one or two batteries for boosted range.

With a top speed of 45kph, it stands out as a genuine alternative to motorcycles - and even cars - in urban zones. Officially classed as a moped, riders will need to make sure they have an appropriate licence to use it.

The flagship model in the range is now the Moustache Friday 27 FS Speed Dual, which has two batteries for a total power of 1,125 Wh or a range of around 80 km. That's more than sufficient for getting around town quickly and with peace of mind on a daily basis.

With a top speed of 45kph, this e-bike can travel as fast as - if not faster than - motorcycles or even cars in city centres. In fact, the e-bike is much more easily maneuverable in heavy traffic and jams, weaving its way where other motorized vehicles would struggle to pass.

WATCH: Friday 27 FS Speed in action (vimeo site)

Its "Performance Line Speed" motor has a maximum torque of 85Nm and a top speed of 45kph. All the controls (power, lights, horn) are located on the handlebars. Riders can also make use of a central unit with a GPS and a color touchscreen.

Note that certain rules apply when riding this "speed bike," starting with wearing an approved helmet and gloves. And, being assimilated to a moped, riders will also require insurance to take it out on the road.

The standard Friday 27 FS Speed is priced €6,299 (RM31,000), while the Friday 27 FS Speed Dual, with its extra PowerPack (500Wh) is priced €7,199 (RM36,000).


Standing in a parking spot to 'reserve' it can cost you RM2,000 or even jail time

                PETALING JAYA: Those who attempt to "reserve" a parking spot can be fined up to RM2,000 or even six months in jail.

The police on its Facebook page said on Thursday that it is against the law to physically place oneself in a parking lot to prevent other vehicles from using it.

This is classified as unlawful interference and importuning.

"Those who are on the road or at any parking spot (besides the authorities), with the intention of directing a driver to park or reserve a parking spot is deemed to have broken the law under Section 50(3) of the Road Transport Act 1987.

"Under Section 119, those guilty can be fined up to RM2,000 or face six months imprisonment.

"The penalty will increase for subsequent offences," read the post, adding that this problem did not only occur in Malaysia.

"However, it is an irresponsible thing to do and inconveniences others," it said.

Recently, such cases have been making its rounds on social media.

Such acts often lead to untoward incidents, including arguments and squabbles.


A property play in the making at DRB-Hicom?

                PETALING JAYA: Amid all the buzz about the Automotive High-Tech Valley (AHTV) in Tanjong Malim, Perak, one interesting aspect of the development is that DRB-Hicom Bhd will end up with a valuable piece of land in Shah Alam, Selangor.

This is because it intends to fully relocate the manufacturing facilities of Proton Holdings Bhd to Tanjong Malim by 2026.

Currently, the group’s 50.1%-owned Proton produces five models in its more technologically-advanced Tanjong Malim plant. Another two models are produced in its Shah Alam facility, which sits on 250 acres of land.

That would mean that the large tract of land in Shah Alam will be free for DRB-Hicom to extract more value out of it when the shift to Tanjong Malim is completed.

With industrial land in good locations highly sought after, there is a lot of potential that can be realised or unlocked, according to former investment banker and private investor Ian Yoong.

“Large tracts of land in Shah Alam are scarce; DRB-Hicom is sitting on a gold mine,” says Yoong, adding that industrial land in Shah Alam is valued at RM90-RM180 per sq ft (psf), depending on the location.

Taking the low end of RM90 psf, this translates to a value of RM981mil or about one-third of the stock’s market capitalisation of RM2.94bil.

Within the vicinity of Proton’s Shah Alam plant, which began operation in 1985 and rolled out the first ever Proton Saga then, are other property developments.

If DRB-Hicom wants to dispose of some parcels of the land bank, there should not be a lack of potential buyers, say analysts.

Alternatively, it can undertake a mixed development of the real estate, which will be positive, considering the potentially higher value that can be extracted where monies could go to pare down debt or fund Proton’s plans going forward.

Property development is already part of the group’s business where it has undertaken the development of various residential, commercial, hospitality and industrial projects, including Tanjong Malim’s Proton City township.

Yoong notes that DRB-Hicom has been trading at low earning multiples, and a “property play” could be a re-rating catalyst for the stock.

Back to AHTV, DRB-Hicom had early this month signed a heads of agreement with partner, Zhejiang Geely Holdings Group of China, to undertake the development and commercialisation of the parcels of land in Tanjong Malim into a prominent automotive industry centre and Malaysia’s next-generation vehicle hub.

The estimated value of total investments for AHTV over the next 10-12 years is RM32bil from various parties, including vendors and potential investors – both foreign and local.

PublicInvest Research in an April 10 report says it is positive over this development, as the involvement of Geely (which has a 49.9% stake in Proton, and also owns Sweden’s Volvo cars) is a boost for AHTV as the Chinese automaker is known for its strength in technology and mobility ecosystems.

“This can be an impetus for Malaysia in the new automotive technology space, with the inclusion of multiple global investors auguring well for the local automotive landscape,” says PublicInvest, which retains an “outperform” call on the stock with an unchanged target price of RM2.10.

Notably, DRB-Hicom had returned to the black in the financial year ended Dec 31, 2022 (FY22) with a RM274mil net profit against RM74mil net loss in FY21.

The group attributed the stronger earnings to the turnaround in profitability at Proton and auto components divisions, plus higher profit contribution from automotive distribution and defence segment following the delivery of the remaining 26 units of AV8 armoured vehicles.

For the year, the group’s 53.5%-owned Pos Malaysia Bhd had also narrowed its losses. According to Hong Leong Investment Bank (HLIB) Research, the company’s management remained cautious on Pos Malaysia’s turnaround in the near term although major cost issues have been streamlined over the years.Another subsidiary that is expected to remain subdued in the near-term is DRB-Hicom Defence Technologies Sdn Bhd (Deftech), following the delivery of final units of AV8 in late 2022.

Pending new major contract awards, the research firm says contribution from Deftech will slowdown in FY23.

On the other hand, HLIB Research expects Proton to continue its growth momentum in 2023, while DRB-Hicom’s other franchises, namely, Honda and Mitsubishi, to also sustain their performance.

The research firm notes that since Proton’s restructuring exercise in 2017, the automaker has been achieving yearly sales growth, driven by increasing demand for its models especially for its new X-series sport utility vehicles or SUVs.

For 2023, it says Proton is targeting sales of 147,000 units, with potential upsides, while current backlog stood at 60,000 units.

“Proton has guided three new model launches this year, which will include a mild hybrid variant.

“Management also guided margins to remain stable in FY23, while for the export market, management is targeting 10,000 units (versus the 5,000 units achieved in FY22),” HLIB Research says in its report.

According to the research firm, the company’s management remains confident of Proton’s 10-year turnaround plan to become the leading marque in Malaysia and top three in the Asean region.

Meanwhile, Honda is targeting sales of 80,00 units in FY23, to be supported by new model launches. Similarly, both Mitsubishi and Isuzu also received strong demand and expected to sustain performance in 2023, says HLIB Research.

Subsidiary Composite Technology Research Malaysia (CTRM) Sdn Bhd will also continue to ride on the recovery of the aviation sector. DRB-Hicom also has a presence in banking via 70%-owned Bank Muamalat.

In the fourth quarter of FY22, the bank was affected by fair value loss on one of its investments. In FY23, HLIB Research says management expects the bank’s earnings to normalise again and ride on the interest rate hikes.

Its ongoing Media City project, which is the revamped Angkasapuri as a modern destination for technology, innovation and creativity, is targeted for completion by mid-2023.

Late last year, a foreign news agency reported that DRB-Hicom could potentially be privatised by its major shareholder, Tan Sri Syed Mokhtar Albukhary, who owns a 56% stake in the group via Etika Strategi Sdn Bhd.

In 2018, DRB-Hicom sold its entire stake in Alam Flora Sdn Bhd to Malakoff Corp Bhd, which is also majority owned by the tycoon, for RM944.6mil. The Shah Alam land, according to some, could add more fuel to the privatisation talk, as cash of about RM1bil could be used in a selective capital reduction to facilitate the exercise.

Assuming a 20% premium to the current market price, this works out to RM1.56bil to buy out the remaining 45% stake the tycoon does not own.

Based on a sum-of-the-parts valuation, Bank Muamalat is valued at about RM1.5bil according to one analyst. Disposing part of a stake in the bank could raise the rest of the money for any potential buyout, says the analyst. - GURMEET KAUR


Singtel and Grab team up to apply for digital banking licence

                SINGAPORE: Grab and Singtel are making a bid for a digital full bank licence together, deepening their venture into the financial sector, the two companies said today.

Ride-hailing firm Grab will hold a 60% stake in the consortium, while the republic's largest telco will hold the remaining 40%.

A digital full bank licence will allow Grab and Singtel to serve retail customers, including taking deposits. The licence will also enable them to lend money to companies.

"The digital bank will aim to cater to the needs of digital-first customers, who have come to expect greater convenience and personalisation, and small and medium-sized enterprises, which cite lack of access to credit as a key pain point," Grab and Singtel said in a statement.

They added that the consortium will aim to be well-positioned to offer relevant products and services and become a trusted partner for consumers and enterprises.

Both companies already provide e-wallet services. Singtel has Dash while Grab, more popular for its ride-hailing and delivery services, has GrabPay.

Singtel has been working on a regional alliance of e-wallets that will allow users to pay for their purchases overseas with their local e-wallets. Grab has ventured into insurance and lending, according to previous media reports.

The Monetary Authority of Singapore announced in June that it will issue up to five new digital bank licences for both full and wholesale banks to players who may not have an established record in banking. It will stop accepting applications on Tuesday.

Other organisations that have expressed interest in applying for the licence include Standard Chartered Bank, NTUC Enterprise, the V3 Group and Razer.

Singtel and Grab will know if their application has been approved by mid-2020.