Indonesia has extended loan forbearance for businesses such as accommodation as well as the textile and footwear industries that are yet to recover from the impact of the COVID-19 pandemic, the country’s financial regulator said on Monday. The Financial Services Authority (OJK) has since March 2020 provided incentives to banks to restructure loans for debtors… Continue reading Indonesia extends loan relief for some pandemic-hit sectors
Category: Automotive
German Handelsblatt: Automotive industry: The small cars are dying out: Why Renault Twingo, Ford Fiesta and VW Up are disappearing005675
VW Up Volkswagen no longer builds the popular small car. However, the electric successor will not come until 2025. (Photo: VW) Germany’s nurses have a hard time without the very little ones. When it comes to choosing their company car, the choice is shrinking. In the Mini class, as defined by the Federal Motor Transport… Continue reading German Handelsblatt: Automotive industry: The small cars are dying out: Why Renault Twingo, Ford Fiesta and VW Up are disappearing005675
German Handelsblatt: Automotive industry: The small cars are dying out: Why Renault Twingo, Ford Fiesta and VW Up are disappearing005675
VW Up Volkswagen no longer builds the popular small car. However, the electric successor will not come until 2025. (Photo: VW) Germany’s nurses have a hard time without the very little ones. When it comes to choosing their company car, the choice is shrinking. In the Mini class, as defined by the Federal Motor Transport… Continue reading German Handelsblatt: Automotive industry: The small cars are dying out: Why Renault Twingo, Ford Fiesta and VW Up are disappearing005675
Former Grab director’s influencer platform banks $13m
TipTip enables influencers to create content and connect directly to their fans. Go to Source
Gojek, ComfortDelGro announce ride-hailing partnership
The two inked an agreement to explore giving Gojek access to ComfortDelGro’s taxis on the former’s app. Go to Source
IIT Madras’s race car team to make electric debut
Raftar launches one racing car each year for participation in the Formula Student championships, a Formula-style racing contest conducted across key tracks in the globe. IIT Madras’s multidisciplinary team building race cars to compete in global student-led ‘Formula’ championships has, for the first time, built an electric variant – RFR23 – which will be unveiled… Continue reading IIT Madras’s race car team to make electric debut
Western, central UP to be developed as hub for EVs, ancillary industries
In the auto industry, the Gross State Value Addition (GSVA) of Uttar Pradesh was USD 1.5 billion in 2019, which can be increased to USD 5 billion in the next five years. Go to Source
SIPs eating into luxury car sales: Mercedes
NEW DELHI: The luxury car industry has a new challenger – systematic investment plans (SIPs) – which give an easy entry to Indians into stock markets and debt savings through mutual funds. As inflows into SIPs continue unabated, despite volatility in stock markets, disposable incomes into aspirational and premium products such as cars are not… Continue reading SIPs eating into luxury car sales: Mercedes
A great rotation is brewing in Asia as investors shift from India to China, Korea
The nascent revival in North Asian equities is being touted as the start of a potential bull run as bets for China’s gradual reopening as well as the bottoming out of the chip industry intensify. Strategists at Goldman Sachs Group Inc. expect Asia’s equity leadership to shift from Southeast Asia and India to markets like… Continue reading A great rotation is brewing in Asia as investors shift from India to China, Korea
@VW Group: Celebratory vibe surrounds the Taycan: production anniversary and kilometre kings006223
On 7 November, the 100,000th Taycan rolled off the production line. The milestone car left the assembly line about three years after production first started at the main plant in Zuffenhausen in September 2019. The Neptune Blue Taycan Turbo S is destined for a customer in the United Kingdom. “We are very pleased to have… Continue reading @VW Group: Celebratory vibe surrounds the Taycan: production anniversary and kilometre kings006223