o Liew: Goal for electric-vehicle adoption in terms of TIV within reach By thesun.my Published On :: Tue, 12 Nov 2024 12:05:00 GMT KUALA LUMPUR: Malaysia’s goal of reaching 50% electric vehicle (EV) adoption by 2040 and 80% by 2050 in terms of total industry volume (TIV) is within reach, according to Deputy Investment, Trade, and Industry Minister Liew Chin Tong.Liew said that the target – in accordance with the National Energy Transition Roadmap – aligns with the global shift towards sustainable transport.“According to the International Energy Agency in the Global EV Outlook, globally in 2018, only 2% of total global sales was from EV, but by 2022, it was 14%, and by 2023, 18% of total global sales of cars comes from electric vehicles. In China this year, there were several months that EV overtook internal combustion cars, ICE cars. So these are all possible,” he told reporters at E-Mobility Asia 2024 (EMA 2024) today. To achieve the target, Liew said that Malaysia needs to work together to develop a national effort to electrify its vehicles as much as possible.He added that this is necessary to reduce national oil consumption and create more opportunities for various forms of manufacturing, including crossings of semiconductor and automotive industries.Additionally, he said that the government is hoping that Malaysia will not just manufacture parts of the cars, but it is hoping that there will be horizontal crossing between the automotive industry and the semiconductor industry.“So that one day, we are also known for designing chips for the automotive industry. That is one of our aspirations,” he remarked.Liew said that another aspiration is to take advantage of the electrification of mobility, so that through this transition, Malaysia can reduce its overall national petroleum consumption.“In most of our discussions, we are talking about shifting the burden of who pays for the petroleum consumption in this country. To address the question of the RON95 subsidy, I think E-Mobility has a big role to play. Electrification has a big role to play,” he added.The event, EMA 2024 unveils electromobility and sustainable solutions as the way forward to reduce global emissions and tackle climate change.China’s electric car manufacturers BYD, Chery and GWM are showcasing their latest models at the event, while Malaysia’s Eclimo is unveiling its new bikes.EMA 2024 comes as EV demand surges in Southeast Asia and amid the global outlook that more than one in four vehicles on the road will be electric by 2035 according to the International Energy Agency.Liew officiated the opening of the event that has drawn stakeholder and industry support including the state-owned Malaysia Automotive, Robotics & IoT Institute, and Electric Vehicle Association of Malaysia as strategic partners. Full Article Hayatun Razak
o LG says subscription-based home appliance services catching on in Malaysia By thesun.my Published On :: Tue, 12 Nov 2024 23:00:00 GMT KUALA LUMPUR: The shift towards subscription-based services is gaining traction in Malaysia, aligning with a broader global trend that redefines how consumers access products. This model provides an appealing option for many Malaysians, particularly young families and newlyweds, who face rising living costs. Offering high-quality appliances on a subscription basis eases the financial burden of ownership, allowing consumers to enjoy premium products without the pressure of a large upfront investment.One notable brand offering subscription-based home appliance services is the South Korean brand, LG.LG Malaysia product director of subscription business Hojin Jung said the introduction of the LG Rent Up Subscription in Malaysia is a natural progression of the company’s commitment to providing innovative and accessible solutions tailored to the evolving needs of modern consumers. “LG Rent Up Subscription is inspired by our success with subscription models in South Korea, where we saw significant growth, driven by increasing demand for convenience and affordability. “Recognising similar trends here, we noticed a growing interest in flexible ownership models in Malaysia, spurred by the need for more cost-effective solutions amidst rising living expenses and fuelled by shifting consumer preferences. “Since its launch in March 2024, the market response has been encouraging. We have seen growing inquiries from customers who have signed up for our water purifier subscription model and are now exploring subscriptions for other high-demand appliances such as refrigerators, washing machines and TVs.“This shift highlights a changing mindset in how Malaysians approach home appliance ownership – especially among younger, urban consumers who prioritise access over ownership, seeking premium products without the upfront financial commitment,” Hojin told SunBiz.He said urbanisation and the desire for more sustainable, convenience-focused living have made subscription services an attractive option.“By offering top-tier technology on a subscription basis, we make high-end living more accessible while emphasising affordability and environmental responsibility. LG’s Rent Up Subscription model meets Malaysians’ evolving needs, allowing them to enjoy premium technology without the burden of ownership,” he said.Hojin said the subscription model is gaining popularity among young Malaysians, especially urban professionals and families facing high living costs and limited space. This trend, he said, reflects a growing shift toward a ‘sharing economy,‘ where access to energy-efficient appliances without the financial strain of ownership is valued.LG Rent Up Subscription’s launch saw a strong uptake in Kuala Lumpur and major cities, where 40% of tech-savvy millennials prefer renting to stay updated with technology affordably. Elaborating on the model further, Hojin said that although subscription services share similarities across markets, the Malaysian context has distinct differences. “In South Korea, for example, the rental model for water purifiers is well-established, with over 70% market penetration. Malaysia, meanwhile, is still in its early phase, but consumer awareness is rising quickly. Moreover, this trend is not isolated to Malaysia. LG is actively preparing to introduce the subscription model in other markets, including Taiwan and Thailand, by year-end.”Touching on the vision for LG Rent Up in Malaysia, Hojin said the LG Rent Up Subscription is just the beginning of a transformative journey in how it engages with consumers in Malaysia. “As we look ahead, we plan to expand our subscription offerings to include a wider array of smart home appliances and electronics, reflecting the growing demand for connected living solutions.“Our vision for LG Rent Up Subscription is to enhance the customer experience by offering seamless integration with our LG ThinQ technology, which already empowers our appliances to be more intuitive and user-friendly. This will allow our customers to enjoy a smart, responsive lifestyle, further elevating the convenience and efficiency of their homes,” he explained.Hojin said that as the subscription economy continues to evolve, particularly among tech-savvy and environmentally conscious consumers, LG Rent Up Subscription aims to play a pivotal role in making premium technology more accessible. “Our ultimate goal is to foster a circular economy model in which subscribing to high-quality appliances reduces the financial burden on consumers and contributes to sustainability by extending product lifecycles and minimising waste.“The more we enhance our subscription model, the more committed we are to making innovative technology more attainable. We ultimately aim to enrich the lives of our customers while promoting responsible consumption and environmental stewardship,” Hojin said. Full Article John Gilbert
o Ringgit opens marginally higher against US dollar By thesun.my Published On :: Wed, 13 Nov 2024 01:58:42 GMT KUALA LUMPUR: The ringgit opened marginally higher against the US dollar today despite the US Dollar Index’s (DXY) strengthening, which should accelerate demand for the greenback. At 8 am, the local note traded slightly better at 4.4330/4465 against the greenback compared with Tuesday’s close of 4.4365/4400.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said higher demand for the US dollar is expected as comments from US Federal Reserve (Fed) officials indicated that the prospect of an interest rate cut highly depends on upcoming economic data.“Minneapolis Fed president Neel Kashkari suggested that he will look at the upcoming inflation data before making any decision on the interest rate.“As such, ringgit and other emerging market currencies will likely stay weak in the near term,” Mohd Afzanizam told Bernama.He added investors will monitor the US Consumer Price Index (CPI) print tonight, with consensus pencilling in a 2.6 per cent rise in October from 2.4 per cent previously, while Core CPI may be sustained at 3.3 per cent.At the opening, the ringgit traded higher against a basket of major currencies.It was higher against the British pound at 5.6463/6635 from 5.6889/6934 at Tuesday’s close, better against the euro to 4.7061/7204 from 4.7111/7148 and firmer against the Japanese yen to 2.8661/8752 from 2.8788/8812.The ringgit also traded higher against ASEAN currencies.Against the Thai baht, it rose to 12.7162/7637 from 12.7456/7608 at Tuesday’s close and strengthened against the Singapore dollar at 3.3107/3210 from 3.3143/3174.The local unit marginally increased vis-a-vis the Philippine peso to 7.53/7.56 from 7.54/7.55 and was slightly higher against the Indonesian rupiah to 280.8/281.9 from 281.0/281.5 previously. Full Article BERNAMA
o Anwar’s Egypt visit unlocks RM4.8 billion in export potential - MITI By thesun.my Published On :: Wed, 13 Nov 2024 02:52:30 GMT KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim’s official visit to Egypt has bolstered Malaysia-Egypt bilateral relations, unlocking RM4.8 billion (US$1.1 billion) in potential export opportunities for Malaysia, according to the Ministry of Investment, Trade and Industry (MITI).MITI stated that this export potential was largely generated through a roundtable meeting attended by 60 industry and business leaders from 47 Egyptian firms and key business associations, as well as 40 representatives from 20 Malaysian companies.“During the session, productive discussions between Malaysian and Egyptian companies identified export potential worth RM4.8 billion (US$1.1 billion), particularly in high-value sectors such as automotive, chemicals, oleochemicals and renewable energy,” MITI said in a statement.Egyptian companies also expressed interest in investment opportunities in Malaysia, particularly in medical devices and pharmaceuticals, MITI added.The official visit took place from Nov 10-12, 2024.In a bilateral meeting during the visit, MITI Minister Tengku Datuk Seri Zafrul Abdul Aziz and Egypt’s Minister of Investment and International Trade Hassan El Khatib agreed to reactivate the Malaysia-Egypt Joint Trade and Investment Committee (JTIC). Malaysia will host the second JTIC Meeting in early 2025, focusing on collaboration in the semiconductor sector, renewable energy, the halal industry and digital transformation.The two ministers further agreed that Malaysia’s Investment Development Board (MIDA) and Egypt’s General Authority for Investment and Free Zones (GAFI) should sign a memorandum of understanding to enhance bilateral investment relations.To support Malaysian exporters’ access to North African and Arab markets, MITI noted that Malaysia’s trade office in Cairo, managed by the Malaysia External Trade Development Corporation (MATRADE), was upgraded in January 2024, offering improved market access and export support services.Meanwhile, national carmaker Proton has expanded into the Egyptian market with a local assembly plant.Assembly activities began with the first delivery of Proton’s completely knocked down (CKD) vehicles in September 2024, and sales are expected to start in January 2025, with a target of 16,000 units for the period 2024–2026, MITI reported.Bilateral trade between Malaysia and Egypt from January to September 2024 rose 21.4% year-on-year to RM3.0 billion (US$648 million), compared to RM2.4 billion (US$545.5 million) in the same period last year. Egypt was Malaysia’s fifth-largest trading partner in Africa in 2023.Tengku Zafrul said MITI is confident this bilateral relationship will continue to grow, positively impacting the economy and supporting the objectives of the New Malaysian Industrial Master Plan (NIMP) by 2030.“MITI and its agencies will take prompt follow-up action to ensure that all agreed initiatives are implemented efficiently,” he added. Full Article BERNAMA
o East West One Group planters request fund release for rehabilitation exercise By thesun.my Published On :: Wed, 13 Nov 2024 05:03:23 GMT KUALA LUMPUR: A group of planters and stakeholders in the East West One Group (EWOG) schemes urgently calls on Pacific Trustees Bhd (PTB) to release the funds necessary for the company’s approved rehabilitation and restructuring (R&R) exercise.The majority of EWOG’s investors, represented by Thirunavukarasu Illamurugan, Yong Chin Koi, and Mahadevan Kathirgamathamby, are concerned that PTB’s continued withholding of these funds could further damage the company’s financial health, potentially leading to irreversible losses. To recap, EWOG obtained planters’ approval of the company’s R&R exercise across all three schemes: East West One Planter’s Scheme (EWOP), East West Horizon Planter’s Scheme, and East-West Planter Scheme 1.EWOG, in a statement, said the past few years have seen significant challenges that have severely impacted plantation operations, including the global Covid-19 pandemic, La Niña weather phenomena, industry-wide labour shortages, land disputes with landowners, and repeated injunctions that prevented timely convening of planters’ meetings from addressing these issues.These cumulative challenges have compounded the company’s cash flow problems, resulting in an inability to meet payment obligations.According to a statement by EWOG, despite the overwhelming support for the R&R plan from planters and stakeholders at the August 12 Planters’ Meeting, critical rehabilitation work on EWOG’s plantation assets remains stalled due to this delay.For over a year, the plantation palms have relied solely on natural soil fertility, with no structured fertilisation or agronomic practices. Prompt initiation of the R&R program is essential to restoring the plantation’s productivity. This program leverages enhanced agronomic practices and inputs to increase fresh fruit bunch (FFB) production. With crude palm oil (CPO) prices currently above RM4,000 per ton and projected to hold through 2025, the company has a unique window to capitalise on these favourable market conditions. Proceeds from FFB sales could also partially offset ongoing rehabilitation costs, creating a sustainable pathway to recovery.“Every day of delay further impacts our ability to restore the plantation and diminishes potential returns for all investors,” said Thirunavukarasu in the statement.“These funds, specifically held in trust for the plantation’s rehabilitation, need to be released without further delay,“ he said in the statement.According to a recent court filing by East West Horizon Plantation Bhd, the management continues to face challenges due to PTB’s reluctance to finalise necessary trust deeds despite ongoing efforts from EWOG’s management and legal team. This impasse prevents the release of funds crucial for the R&R efforts, posing increased risks to the plantation assets and investor returns.The investors’ representatives stressed that “a swift resolution is essential to launch the rehabilitation efforts and generate returns for all stakeholders.” “It is time to move past the standstill and allow the EWOG group to implement the R&R plan for the benefit of all involved.” Full Article SunBiz
o Malaysia to launch cross-border re-auction for Singapore via ENEGEM by year-end — DPM Fadillah By thesun.my Published On :: Wed, 13 Nov 2024 05:05:48 GMT KUALA LUMPUR: Malaysia’s cross-border renewable energy auction for Singapore’s energy importer, under Energy Exchange Malaysia (ENEGEM), will begin by year-end, Deputy Prime Minister Datuk Seri Fadillah Yusof said.He explained that, through efforts to integrate regional power grids, the country aims to strengthen energy security across ASEAN member states.“Further to the regional integrated grid, it can also serve as an economic catalyst in fostering regional cooperation through cross-border renewable energy trade.“By sharing excess energy, the country can reduce reliance on fossil fuels while building an integrated ASEAN energy infrastructure,” he said in his opening address at the 2nd Sustainability Environment Asia (SEA) 2024.Fadillah, who is also the Energy Transition and Water Transformation (PETRA) Minister, confirmed that coal-fired generation will be gradually phased out, with no new coal power plants to be established.He cited the International Energy Agency’s clear stance that reducing coal dependency is crucial to limiting global warming and stressed Malaysia’s commitment to this objective.“We will continue to enhance grid flexibility by investing in and developing smart grids, digitising the power system, and expanding energy storage systems.“By 2035, we aim to increase grid flexibility by 20%, enabling greater integration of renewable energy sources,” he added.Under the National Energy Transition Roadmap, the government aims to raise renewable energy’s contribution to Malaysia’s installed power capacity to 70% by 2050, up from the current 28%.Meanwhile, he outlined plans to restructure Malaysia’s water services over the next decade in collaboration with the National Water Services Commission (SPAN) and the Malaysian Water Association.“As of 2023, 97.1% of urban and rural areas had access to water supply, while sewerage services covered 86.9% of major cities.“Malaysia aims for 98% rural clean water coverage and a 31% non-revenue water rate by 2025 through Integrated Water Resource Management (IWRM),” he said.Malaysia remains committed to fostering a healthy environment, driving economic prosperity, and improving the quality of life for its people and future generations.As the country strives toward its net zero carbon goal by 2050, it is vital to capitalise on every opportunity to navigate a sustainable transformation and embrace a circular economy.“I invite businesses to partner with the government and explore all options for collaboration,” he added. Full Article BERNAMA
o German companies in Malaysia optimistic about prospects in 2025, survey shows By thesun.my Published On :: Wed, 13 Nov 2024 11:20:00 GMT PETALING JAYA: The latest AHK World Business Outlook Fall 2024 Survey conducted among German companies in Malaysia reveals an optimistic forecast for 2025, with positive sentiment about both current conditions and prospects. The survey highlights key insights reflecting the resilience and growth expectations of German businesses operating in Malaysia.When asked to assess the current performance of their company, 92% of German businesses in Malaysia report conditions as “good or satisfactory”, which marks a significant increase of 10% compared to the same period last year.Strong economic development and confidence among German businesses in Malaysia are expected to continue into next year, with 97% of respondents describing the outlook for 2025 as “favourable or stable”.While Malaysia has always been recognised for its strong economic foundation, this year’s survey results demonstrate a significant boost in confidence, surpassing expectations from last year’s outlook and highlighting the continued resilience of Malaysia’s economy.Reflecting this confidence, more than 63% of companies expect positive business development over the next 12 months, while 35% anticipate the current stability will be maintained. Only 1.8% predict a decline in performance, showcasing a predominantly positive outlook for the year ahead.Additionally, four in 10 companies intend to increase investments in the coming year, suggesting a commitment to further growth within the business community.Employment plans also appear to be promising, with almost half of the German companies in Malaysia indicating plans to ramp up hiring. An equal percentage (47%) intend to retain their current workforce, emphasising a dual approach to growth and stability in human resources.While the survey paints a generally encouraging outlook for businesses in Malaysia, respondents identified several challenges that could potentially impact their economic development in the coming years.Survey participants view demand, economic policy conditions, and lack of skilled workers as potential challenges. These insights underscore the need for ongoing vigilance and strategic planning as companies navigate both opportunities and uncertainties in a highly competitive and volatile global market.Overall, the findings of the survey illustrate a strong confidence among companies in Malaysia, highlighting a positive trajectory for business development and economic growth in the coming year.Malaysian-German Chamber of Commerce and Industry (MGCC) executive director Jan Noether said, “The results of the AHK World Business Outlook Fall 2024 Survey align perfectly with our expectations for the future of German business in Malaysia. The strong sentiment and optimism reflected in the survey highlight the positive situation we are experiencing here and underscore our confidence in Malaysia’s economic stability and growth prospects. German companies are comfortable and committed to the Malaysian market, with a clear outlook for continued success and expansion in the year ahead. Moreover, Malaysia’s stable economic environment and supportive policies play a key role in stimulating further investment, reinforcing our belief in the country as a reliable and attractive hub for business growth.”In Malaysia, the survey was conducted between Sept 23 and Oct 16, with 111 respondents from MGCC member companies, comprising mostly German companies with branches or subsidiaries in Malaysia, primarily from the manufacturing, trade, and services sectors.The survey is part of the broader AHK World Business Outlook, a biannual global research initiative conducted by the German Chamber of Commerce and Industry. It surveys member companies from the network of German chambers of commerce abroad (AHK), which represent more than 40,000 companies in 93 countries. Full Article SunBiz
o Cisco index shows AI readiness in Malaysia up slightly, but gap ‘critical’ By thesun.my Published On :: Wed, 13 Nov 2024 10:50:00 GMT PETALING JAYA: The Cisco 2024 AI Readiness Index revealed that only 14% of organisations in Malaysia are fully prepared to deploy and leverage artificial intelligence-powered technologies, up slightly from 13% a year ago. This underscores the challenges companies face in adopting, deploying, and fully leveraging AI. Given the rapid market evolution and the significant impact AI is anticipated to have on business operations, this readiness gap is especially critical.The Index is based on a double-blind survey of 3,660 senior business leaders from organisations with 500 or more employees across 14 markets in Asia-Pacific, Japan, and China (APJC). These leaders are responsible for AI integration and deployment within their organisations. The AI readiness index is measured across six pillars – strategy, infrastructure, data, governance, talent, and culture.AI has become a cornerstone for business strategy, and there is increasing urgency among companies to adopt and deploy AI technologies. In Malaysia, 98% of companies report an increased urgency to deploy AI in the past year, driven primarily by the CEO and leadership team. Additionally, companies are committing a significant amount of resources towards AI, with 55% reporting that as much as 10% to 30% of their information technology (IT) budget is being allocated to AI deployment. Despite significant AI investments in strategic areas such as cybersecurity, IT infrastructure, and data analytics and management, many companies report that returns on these investments are not meeting their expectations. “As companies accelerate their AI journeys, it’s critical they adopt a comprehensive approach to implementation and connect the dots to link AI ambition with readiness,” said Cisco Malaysia managing director Hana Raja.“This year's AI Readiness Index reveals that to fully leverage the potential of AI, companies need a modern digital infrastructure capable of meeting evolving power needs and network latency requirements from growing AI workloads. This must be supported with the right visibility to achieve their business objectives.”Anupam Trehan, vice-president, people and communities APJC, at Cisco, said: “As the race to adopt AI picks up pace, talent will be a key differentiator for companies. There is already a shortage of skilled talent across various aspects of AI. This means companies will need to invest in their existing talent pool to meet the growing demand. At the same time, it is crucial that all stakeholders – the private and public sectors, educational institutions, and governments – work together to develop local talent so that the entire ecosystem can benefit from the immense potential that AI offers.” Full Article SunBiz
o Life Water laying foundations for sustainable growth, future By thesun.my Published On :: Wed, 13 Nov 2024 11:45:00 GMT KUALA LUMPUR: Sabah-based beverage manufacturer Life Water Bhd’s new manufacturing plant in Keningau, set to begin operations by December, is projected to increase the company’s annual production capacity to 448 million litres of drinking water, with plans to double this output by 2027.Managing director Liaw Hen Kong said, in addition, the Kota Kinabalu Industrial Zone 8 Plant 2, planned for completion in 2027, will support the company’s transition to more advanced manufacturing processes, including relocating existing lines and expanding plastic packaging capabilities.“These investments and expansion reflect our confidence in the market and our ambition to meet future demand. We are not just expanding capacity. We are laying the foundation for a sustainable future by integrating advanced warehousing systems and leveraging modern technologies.“Beyond manufacturing, we are also exploring new market opportunities in Sarawak and Brunei. Our goal is to replicate our success in Sabah by bringing the same commitment to quality and customer service to new markets,” he said at Life Water’s listing on Bursa Malaysia’s Main Market today.He said Life Water has strong logistics and distribution capabilities, with a fleet of 75 trucks, ensuring that beverages are delivered efficiently to over 3,250 retail outlets, 520 food service outlets, 150 wholesalers and 100 hotels across Sabah.“Additionally, with distribution centres in Sandakan, Lahad Datu, Kota Kinabalu and soon in Tawau, we are well-positioned to expand our reach and serve our growing customer base. “This strategic network supports our goal of making our products accessible to consumers everywhere,” he said.Liaw said over the past three years, Life Water achieved a compounded annual growth rate of 17.2%, with total revenue rising from RM103.5 million in 2021 to RM166.5 million in 2024.Similarly, Life Water’s customer base grew from 2,815 to 3,460 customers, highlighting the steady expansion of the company’s footprint in the region.Liaw said the implementation of the sugar tax announced in Budget 2025 will not affect the carbonated beverages manufactured by Life Water.He explained that the sugar content in Life Water’s carbonated drinks is below 5g per 100 millilitres (ml). “Our recipe (for the carbonated drinks) is below the threshold of 5g per 100 ml. So we are not affected by the sugar tax.”Life Water opened at 77 sen in its market debut, a 12 sen or 18.5% premium from the initial public offering price (IPO) of 65 sen. It closed at 94 sen, 29 sen or 44.6% above the IPO price on volume of 233.4 million shares.The company raised RM63.42 million through a public issuance of 97.56 million new ordinary shares, priced at RM0.65 each. From the total proceeds, Life Water has allocated 30.0% or RM19 million to set-up an additional drinking water production line at its Sandakan Sibuga Plant 1, 18.9% or RM12.0 million for purchasing a new drinking water manufacturing line at Sandakan Sibuga Plant 2, and 19.9% or RM12.6 million will go toward setting up a second distribution centre in Sandakan. Furthermore, 15.2% or RM9.6 million is designated for expanding the existing plastic packaging facilities in Kota Kinabalu.The remaining proceeds of 6.6% and 9.5% or RM4.2 million and RM6 million, respectively, are allocated for working capital and to defray listing expenses. Holding an 11% share of Malaysia’s bottled water market, the company is also putting focus on automating key manufacturing processes to boost efficiency, reduce wastage, and ensure quality consistency.The company’s shares are classified as syariah-compliant by the Shariah Advisory Council of the Securities Commission Malaysia. The company’s public issue portion, made available to the Malaysian public via balloting, was oversubscribed by 32.2 times.MIDF Amanah Investment Bank Bhd is the principal adviser, underwriter and placement agent for Life Water Bhd’s IPO exercise. Full Article Hayatun Razak
o Volkswagen Proposes 10% Wage Cut to Union Amid Financial Struggles By thesun.my Published On :: Fri, 01 Nov 2024 11:41:39 GMT Volkswagen Group is seeking significant cost reductions as it faces declining demand, rising expenses, and mounting competition. The automaker has proposed a 10 per cent wage reduction for its union employees after IG Metall, the union representing Volkswagen’s workforce, requested a seven per cent raise. This wage cut comes as part of broader measures Volkswagen is considering to address financial difficulties, which include restructuring bonuses and possibly eliminating anniversary and monthly bonuses.Despite these proposed changes, Volkswagen’s CEO Thomas Schafer has not ruled out more drastic options, such as plant closures, if cost-cutting goals are not met through negotiations. “Successful operations are a prerequisite for job security,” said Arne Meiswinkel, VW’s lead negotiator, highlighting the necessity for lower labour costs to stabilise the company.Volkswagen reported a steep 42 per cent drop in third-quarter operating profits, and its core brand posted only a two per cent operating margin through September. According to CFO and COO Arno Antlitz, this underscores the need for “significant cost reductions and efficiency gains” to sustain the company’s operations.Rumours of potential plant closures in Germany have circulated as the company confronts inefficiencies across several domestic sites. Schafer remarked that the issues cannot be resolved by “simple cost-cutting measures,” indicating deeper structural challenges within the automaker’s German manufacturing operations.Volkswagen and IG Metall will resume negotiations on November 21. Full Article
o Hyundai Rotem Unveils Hydrogen-Powered K3 Battle Tank for South Korea’s Next-Generation Military By thesun.my Published On :: Fri, 01 Nov 2024 11:40:42 GMT Hyundai Rotem, a subsidiary of South Korea’s Hyundai Group, has announced a pioneering development for the Republic of Korea (ROK) Army: a hydrogen-powered K3 main battle tank. Set to be among the most advanced military vehicles in the world, the K3 aims to redefine future warfare by leveraging eco-friendly fuel cells, autonomous technologies, and advanced firepower.Hyundai Rotem’s K3 project is a collaborative effort with South Korea’s Agency for Defence Development and other national research institutions, with production tentatively scheduled to begin by 2040. The shift to hydrogen marks a historic step in South Korea’s commitment to reduce reliance on traditional combustion engines in defence equipment. The K3’s hydrogen fuel cell will eventually replace the diesel engines of the ROK’s K-series tanks, beginning with hybrid prototypes that combine hydrogen and diesel power.In an online statement, Hyundai Rotem described the K3 as “a next-generation main battle tank that surpasses all capabilities of today’s MBTs (main battle tanks), optimised for evolving battlefield demands.” Key enhancements to the K3 include autonomous driving, AI-based fire control, and a 130-mm smoothbore main gun for increased preemptive strike capabilities. Additionally, the tank will feature improved stealth capabilities, a reduced heat signature, and the deployment of slave drones to enhance reconnaissance and support combat operations.Fuel cell technology offers multiple advantages, including quieter operation, faster acceleration, superior fuel efficiency, and reduced maintenance due to fewer moving parts. With minimal heat output and sound, the tank achieves heightened stealth, making it less detectable in combat scenarios. Mobility is also improved, allowing the K3 to maneuver through steep and rugged terrains more effectively.Designed to operate with a streamlined crew of three—a driver, commander, and gunner—the crew will be secured within a reinforced armoured capsule at the front of the tank. This layout ensures enhanced protection and operational efficiency.The hydrogen-powered K3 demonstrates South Korea’s commitment to integrating sustainable, high-performance technologies into its military arsenal, setting a benchmark for modern warfare with cleaner and more capable military assets. Full Article
o Subaru unveils special “Kuala Lumpur edition” livery By thesun.my Published On :: Sun, 03 Nov 2024 12:52:41 GMT TC SUBARU SDN. BHD., the exclusive distributor of Subaru vehicles in Malaysia, has announced its participation in this year’s Tokyo Auto Salon Kuala Lumpur, to be held at the Malaysian International Trade and Exhibition Centre (MITEC) from 8 to 10 November 2024. In an event at APW Bangsar, Subaru’s dealers, partners, media, and fans were treated to an exclusive preview of the “Kuala Lumpur Edition” Subaru BRZ and Subaru WRX, featuring a special livery by Motorsport Playground and a limited-edition streetwear line by Pestle & Mortar Clothing (PMC).Inspired by a cultural fusion of Japanese engineering and Malaysian heritage, the livery created by Motorsport Playground brings an artistic twist to the Subaru BRZ and WRX. The design integrates Malaysia’s iconic Songket patterns with intricate geometric shapes and rich symbolism, transforming these high-performance vehicles into vibrant symbols of tradition and modernity. The livery also features the Malaysian national flower, Bunga Raya, in place of the usual Sakura motifs, infusing the design with local pride.The collaborative project extends beyond the vehicles, with PMC unveiling an exclusive streetwear collection that mirrors this cultural blend. Each piece in the line embodies the precision of Japanese craftsmanship with contemporary Malaysian design, offering a unique style that resonates with both motorsport fans and fashion enthusiasts.In a further showcase of performance, Subaru took on a thrilling time attack challenge at the PETRONAS Sepang International Circuit. The Subaru BRZ and WRX, under the expert preparation of TD Racing, completed the circuit with impressive times: the Subaru BRZ with manual transmission finished in 02:42:211, while the WRX with CVT clocked in at 02:43:472, driven by professional racer Freddie Ang.Subaru’s presence at the Tokyo Auto Salon Kuala Lumpur will celebrate innovation, performance, and cultural fusion. The “Kuala Lumpur Edition” vehicles and PMC’s streetwear collection will be available for sale from 8 to 10 November 2024 at MITEC, offering fans a chance to own a piece of this unique collaboration. Full Article Timothy Prakash
o Proton gears up for Sepang 1000km with new S70 R3 By thesun.my Published On :: Sun, 03 Nov 2024 12:56:10 GMT PROTON has unveiled its new S70 R3 race car for the upcoming 2024 Sepang 1000KM (S1K) endurance race, hosted at the Petronas Sepang International Circuit. This addition to Proton’s racing portfolio will compete with two cars, each driven by a pair of seasoned and promising drivers.Driver Line-upCar #81: Piloted by Syafiq Ali, a three-time S1K winner, and Fahrizal Hasan, known for his multiple victories in the Sepang 12 Hours endurance race.Car #82: Driven by two emerging talents, Ariff Azmi, an 18-year-old karting and touring car champion, and Alister Yoong, a 21-year-old Formula 4 racer and son of former F1 driver Alex Yoong.Spotlight on Alister YoongAlister Yoong brings an impressive racing background to Proton’s team:– Winner of the 2022 Indian Racing League and current championship leader in 2024.– Notched up four wins in the Italian Sports Prototype Championship (CISP) and two in the French Sports Prototype Championship.– Head coach at Axle Academy, founded by his father, where he trains up-and-coming racers.The Race Car: Proton S70 R3The S70 R3 is equipped with a 1.6-litre naturally aspirated S4PH engine, engineered according to Malaysian Touring Car (MTC) regulations. The team has hinted at a potential expansion next year, considering entry into the Malaysian Championship Series’ SP2 class. This setup and driver mix signal a strong bid from Proton for the 2024 S1K endurance race. Full Article Timothy Prakash
o Jaguar ends new car sales in the UK ahead of electric-only future By thesun.my Published On :: Mon, 04 Nov 2024 07:34:37 GMT JAGUAR LAND ROVER’S (JLR) ambitious “Reimagine” strategy, announced nearly four years ago, is fast approaching a major milestone: transforming Jaguar into an all-electric luxury brand by 2025. While the company has not yet unveiled any new electric models, the transition away from combustion engines is in full swing. As of this November, Jaguar has officially stopped selling new cars with conventional powertrains in the UK.In a recent statement, JLR confirmed the halt: “From November 2024, new Jaguar sales will come to an end. We have now ceased allocation of our current generation of Jaguar vehicles.” This decision means that models like the E-Pace, XE, XF, and F-Type—already phased out—are now joined by the F-Pace SUV, the final model of Jaguar’s internal combustion era in the UK.While the F-Pace and other models are still available in some markets abroad, their production days are numbered. British customers, however, can still acquire certified pre-owned Jaguars. Notably, the F-Pace was Jaguar’s best-selling model in 2023, with 21,943 units sold globally—though this figure underscores the brand’s recent struggles in today’s competitive SUV market.Looking ahead, Jaguar’s transformation will see it target an entirely new echelon of luxury. Instead of competing with BMW, Mercedes-Benz, and Audi, the brand is positioning itself against ultra-luxury names like Bentley and Aston Martin. The first model of Jaguar’s electric lineup will be a high-performance saloon, aimed at rivaling the Porsche Taycan, followed by an SUV set to compete with the Bentley Bentayga in 2026. Both models will be built on the Jaguar Electrified Architecture, with a flagship sedan expected later in the decade.Meanwhile, Jaguar plans to debut a concept vehicle in the United States by year-end. This ultra-luxurious four-door grand tourer will lay the groundwork for a production model starting at over £100,000 (RM565,858). According to Jaguar’s Managing Director, Rawdon Glover, the transition to an electric-only brand has been “hugely frustrating,” yet the focus remains on moving into the ultra-luxury market with fewer, more profitable sales.With the first new electric Jaguar not set to launch until 2026, the UK will see an unusual absence of new Jaguar vehicles over the coming year. Full Article Timothy Prakash
o Goodyear becomes official tyre sponsor for Tokyo Auto Salon Kuala Lumpur 2024 By thesun.my Published On :: Thu, 07 Nov 2024 06:42:32 GMT GOODYEAR is proud to be the official tyre sponsor of the Tokyo Auto Salon Kuala Lumpur 2024, happening from 8 – 10 November 2024 at MITEC, Kuala Lumpur. Known as the world’s premier customised car show, this event promises to showcase the latest in automotive technology, design, and more, drawing car enthusiasts from across the region.Event DetailsDate: 8 – 10 November 2024Time: 10:00 am – 10:00 pmVenue: MITEC, Kuala LumpurAt the Goodyear booth, attendees can explore the latest in high-performance tyre technology and see how Goodyear is driving innovation in tyre performance and quality. This event offers automotive fans the perfect chance to engage with Goodyear and witness the exceptional standards that Goodyear tyres bring to every journey.Don’t miss this exciting opportunity to connect with industry leaders and fellow car enthusiasts! Full Article Timothy Prakash
o Bolt is launching its ride-hailing service in Malaysia By thesun.my Published On :: Thu, 07 Nov 2024 06:44:27 GMT BOLT, Europe’s leading mobility company, is launching its ride-hailing service in Malaysia’s Klang Valley, aiming to provide a fast, convenient, and eco-friendly way for residents to navigate the city. The new service allows users to request rides through the Bolt app, while also offering flexible income opportunities for local drivers, who can set their schedules independently. By increasing transportation options, Bolt’s entry is expected to help alleviate public transport demand, making shared mobility more accessible and offering an alternative to existing ride-hailing services.Bolt’s mission emphasises reducing reliance on privately owned vehicles and addressing urban challenges such as congestion, air pollution, and limited public spaces. The company envisions integrating its platform into the urban transit network, encouraging the shift to shared mobility solutions that support a more sustainable urban environment.Afzan Lutfi, General Manager of Bolt Malaysia, highlighted the company’s goal of building cities centred around people rather than cars. “In Malaysia, we’re committed to reducing traffic congestion and transforming public spaces by shifting from private car ownership to shared mobility,” he explained. “By providing affordable and low-emission mobility options, Bolt is not only supporting Malaysia’s urban mobility goals but also enhancing the quality of life in Klang Valley and beyond.”As the demand for ride-hailing grows in Malaysia, Bolt’s app includes safety features and robust customer support to foster trust between riders and drivers, reinforcing a safe and reliable travel experience. Bolt’s launch marks a step towards shaping a more connected, accessible, and liveable future for Malaysia’s cities. Full Article Timothy Prakash
o Experience the all-new electric Leapmotor C10 SUV By thesun.my Published On :: Thu, 07 Nov 2024 10:58:45 GMT STELLANTIS MALAYSIA is introducing the Leapmotor C10, its latest new energy SUV, through an exciting nationwide Leapmotor C10 Experience Roadshow. Attendees can get up close and personal with this innovative electric vehicle (EV), renowned for its award-winning design, advanced technology, and driving ease.The roadshow will take place at the following locations:Roadshow HighlightsInteractive Showroom: Experience the Leapmotor C10’s state-of-the-art features focused on comfort, intelligence, and spacious design.Family-Friendly Area: The Publika roadshow will feature a Play Cabin for kids, while parents can explore the vehicle’s child-friendly interior.Virtual Reality (VR): Immerse yourself in a VR experience for an in-depth look at the C10’s innovative technology.Test Drive & Exclusive MerchandiseVisitors can test drive the Leapmotor C10 and experience its performance, powered by a Qualcomm® Snapdragon™ 8155 chip with driving optimization by Maserati for a seamless experience. Test drivers will receive exclusive Leapmotor merchandise, and all visitors can redeem a limited-edition Leapmotor tote bag and enamel pin set.Special Booking OfferProspective buyers can enjoy a limited-time offer by booking the Leapmotor C10 at the roadshow before 30 November 2024 for an introductory price of RM149,000 on the road without insurance (RM10,000 off the original RM159,000 price). Full Article Timothy Prakash
o Continental Tyres partners with TNG eWallet for seamless purchase and installation By thesun.my Published On :: Thu, 07 Nov 2024 11:00:59 GMT CONTINENTAL has launched its Mini Program on the TNG eWallet, allowing Malaysian drivers to purchase Continental tyres with ease through their mobile phones. This launch is celebrated with exclusive promotions from 7 November to 30 November, coinciding with the 11.11 Mega Sale. Customers can enjoy up to RM1 million in cashback, with an average of 15% per transaction.Additionally, any customer spending a minimum of RM300 from 7 November 2024 to 31 January 2025 will be entered into a lucky draw, with one entry for each RM300 spent. The grand prize includes a gold bar worth RM10,000, with other prizes like three iPhone 16 Pros, two PS5 consoles, two Huawei MatePad 11.5” PaperMatte Editions, and two Trapo Vouchers. Weekly winners can also receive cashback, a Limited-Edition Continental x Touch ‘n Go NFC Card, and more.Andrea Somorova, Managing Director of Continental Tyre Malaysia, shared that this partnership reinforces Continental’s commitment to digital innovation and customer convenience in Malaysia, expanding their reach through the TNG eWallet alongside existing platforms like Shopee and Lazada. Alan Ni, CEO of TNG Digital, echoed this sentiment, emphasizing the TNG eWallet’s role as a lifestyle app, which, with over 22 million verified users, now offers a streamlined, digital tyre purchase and installation experience.The Mini Program simplifies tyre shopping by helping users find the right tyre pattern and size, apply promo codes, select dealers, and schedule installations at over 120 Continental outlets across Malaysia. Once payment is confirmed, customers can proceed to their selected dealer for free installation, with balancing and optional alignment services. Full Article Timothy Prakash
o Drive home an MG EV with up to 20 months of free instalments By thesun.my Published On :: Thu, 07 Nov 2024 11:04:05 GMT SAIC MOTOR MALAYSIA is wrapping up the year with a remarkable promotion for the MG4 EV and MG ZS EV, offering exclusive deals to make electric vehicle (EV) ownership more accessible. In honour of MG’s 100th anniversary, buyers can enjoy up to 20 months of free instalments, offering savings of up to RM26,000, making this an ideal time to join the MG family.Here’s a breakdown of the promotion:MG ZS EV: 20 months of free instalments worth RM26,000MG4 EV Lux: 12 months of free instalments worth RM16,000MG4 EV Standard: 8 months of free instalments worth RM8,500This limited-time offer provides substantial savings and financial ease for MG’s new EV owners. Interested buyers can experience the MG4 EV, MG ZS EV, and other models with test drives at their nearest MG Motor Authorised Dealer Showrooms.For more details, visit mgmalaysia.com or contact the MG Careline at 1800-28-3636. Full Article Timothy Prakash
o Proton sales grow by 13.6% in October By thesun.my Published On :: Thu, 07 Nov 2024 11:06:57 GMT PROTON achieved notable success in October 2024, with total sales of 12,799 units, reflecting a 13.6% increase from September. This brings the year-to-date (YTD) total to 125,557 units, reinforcing the brand’s goal of securing a sixth consecutive year of growth. With a projected market share of 18.1% for October and a YTD share of 18.9%, Proton stands firmly as Malaysia’s second most popular automotive brand.The automotive industry as a whole rebounded in October, with estimated total industry volume (TIV) reaching 70,668 units, marking the fifth time this year that monthly sales have exceeded 70,000 units.Key Model HighlightsProton Saga: Delivering 6,112 units in October, this model’s YTD sales reached 60,178 units, securing its spot as the third highest-selling vehicle in Malaysia. Proton aims for the Saga to surpass 70,000 units by year-end.Proton X50: Leading the B-segment SUV market, the X50 maintained its popularity with 2,122 units sold in October, showcasing a blend of style, performance, and advanced features.Proton S70: Regained its position as the top C-segment sedan with 1,432 units sold, boosting its YTD tally to 16,200. The upcoming Proton S70 R3 participation in the Sepang 1000km Endurance Race is expected to further enhance its appeal.Proton X90: Delivered 245 units in October, holding the top position in the D-segment SUV category with a YTD total of 2,969 units.Other models also posted solid performances, with the Persona and X70 recording 1,520 and 989 units, respectively, while the Iriz sold 379 units, placing it fourth in the B-segment hatchback category.Outlook and StrategyProton anticipates strong competition in Q4 2024 due to increased market offers from various brands. However, the company remains focused on long-term value by enhancing product quality and customer service through its 157 3S/4S outlets, aiming to preserve residual values amid market challenges. Full Article Timothy Prakash
o Mercedes-Benz Malaysia Introduces the Mercedes-Benz GLC 350 e 4MATIC Coupe By thesun.my Published On :: Fri, 08 Nov 2024 14:49:14 GMT Alongside the AMG models that were introduced, Mercedes-Benz Malaysia also unveiled the Mercedes-Benz GLC 350 e 4MATIC Coupe.The Mercedes-Benz GLC 350 e 4MATIC Coupe is a plug-in hybrid model that emphasises both luxury and practicality. The GLC 350 e offers an impressive all-electric range of over 100km (WLTP) and supports speeds up to 140km/h on electric power alone, making it a versatile choice for urban and longer-distance driving.Design and Exterior FeaturesThe GLC Coupe’s sporty silhouette is complemented by an AMG Line exterior, highlighted with 20-inch AMG multi-spoke alloy wheels, a panoramic sliding sunroof, and aluminium-look running boards with rubber studs. Polished aluminium roof rails enhance its premium profile, while the Digital Light technology with Adaptive Highbeam Assist Plus ensures high visibility across various driving conditions.Interior and TechnologyInside, the GLC Coupé continues the AMG Line’s sporty aesthetic, with Artico man-made leather upholstery crafted to play with layered surfaces for a premium feel. The instrument panel and beltlines feature Artico leather in a nappa look, paired with a metal structure trim element. Adding to the luxury is a multifunction sports steering wheel in nappa leather and a high-quality Burmester 3D surround sound system.Safety and Assistance FeaturesEquipped with the Driving Assistance Plus package, the GLC 350 e offers Active Distance Assist Distronic, Active Lane Keeping Assist, and Pre-Safe Impulse Side, delivering enhanced safety and driver support.This new GLC 350 e 4MATIC Coupe is priced at RM425,888. Full Article
o Hyundai acknowledges touchscreen woes, brings back physical controls By thesun.my Published On :: Mon, 11 Nov 2024 07:45:38 GMT HYUNDAI’S recent acknowledgement of the challenges with touchscreens in vehicles highlights a growing trend that some are calling the “Tesla Effect.” Following in Tesla’s footsteps, many automakers have phased out traditional physical controls for digital interfaces on touchscreens, aiming to create sleek, tech-centric cabins. However, Hyundai has found that American buyers aren’t entirely on board with the touchscreen-only setup.According to HDNA Vice President Ha Hak-soo, Hyundai’s experience with touchscreen-based controls revealed that drivers often feel frustrated when trying to quickly adjust settings on the go, especially when physical dials or buttons could have made adjustments more straightforward. Hyundai’s internal testing with focus groups found that drivers found it stressful to control certain functions on a touchscreen when needing immediate responsiveness.Touchscreens undoubtedly allow designers more flexibility to achieve minimalist interiors and offer a greater range of functions than physical controls alone. But when it comes to real-world driving, bumping along a rough road can make it challenging to find and tap digital controls accurately. A simple adjustment that could once be handled by feel now demands more focus, taking the driver’s attention off the road.In response, Hyundai has started reintroducing physical controls on some models, including the facelifted Ioniq 5. While Hyundai’s North American team believes driver attitudes might shift once advanced driver-assistance systems become more common, allowing drivers to focus less on the road, for now, it seems Hyundai is listening to the call for a balance between digital and physical controls. Full Article Timothy Prakash
o SAIC Motor Malaysia celebrates first wave of MG5 sedan deliveries By thesun.my Published On :: Tue, 12 Nov 2024 04:30:32 GMT SAIC MOTOR MALAYSIA recently celebrated a major milestone for the MG5 sedan at the MG5 Car Delivery Event at MG Motor Glenmarie (Mega Galeri Sdn Bhd), where over 20 new owners gathered to receive their cars. The event, attended by SAIC Motor Malaysia’s management, fostered a strong community atmosphere, uniting MG fans and showcasing the brand’s commitment to its customers.The success of the MG5 is largely due to efficient coordination among 18 strategically placed MG Motor Authorized Dealerships, allowing prompt vehicle deliveries across Malaysia. This dealer network is key to SAIC Motor Malaysia’s mission to meet the demands of Malaysia’s style-conscious market.Lee Wen Hsiang, Chief Operating Officer of SAIC Motor Malaysia, noted, “The MG5 has truly resonated with a segment of buyers who prioritise style and individuality. We’re thrilled to celebrate this milestone alongside our customers.” He highlighted that these events strengthen connections with customers, offering valuable feedback that helps improve service and build a vibrant MG community.The MG5 stands out as the largest sedan in its class, with a sporty design, spacious interior, and impressive warranties. Owners enjoy a 5-year Unlimited Mileage Warranty and a best-in-segment 7-year Unlimited Mileage Powertrain Warranty. Celebrating MG’s 100th anniversary, SAIC is also offering an RM7,000 introductory rebate, bringing the price to RM86,900, making it an attractive option for new buyers. Full Article Timothy Prakash
o Bentley crossover SUV EV to debut in 2026 By thesun.my Published On :: Tue, 12 Nov 2024 11:58:18 GMT BENTLEY is accelerating toward its electric future, building on a path that began with the introduction of the Bentayga Hybrid in 2018. With plug-in hybrid versions of the Continental GT and Flying Spur now available, the luxury automaker has officially announced plans for its first fully electric vehicle (EV), set to debut in 2026.This new EV will be a luxury urban crossover SUV, described by Bentley’s new CEO, Frank-Steffen Walliser, as “compact” — a term that is relative in Bentley’s world. Measuring under 5003mm in length, it is expected to be similar in size to the Porsche Cayenne or Audi Q7 and will likely share its platform with the forthcoming Porsche Cayenne EV.While Bentley has withheld technical details, Walliser emphasised that the upcoming model will prioritise usable range and charging speed to meet the demands of modern luxury car buyers. Addressing concerns about the transition to electric power, he assured, “We don’t want to make just any electric car; we want to make a Bentley.” The brand remains committed to preserving the unique qualities that define a Bentley, even without the traditional engine sound. Bentley board member Matthias Rabe hinted at innovative solutions to replicate the emotional experience of a combustion engine without merely copying conventional engine notes.Bentley’s electrification strategy, initially called Beyond 100, has been rebranded as Beyond 100 Plus, reflecting an adjusted timeline for full carbon neutrality, extended from 2030 to 2035. The shift is driven by both regulatory pressures and growing customer interest, though Walliser acknowledged that the transition will vary across different markets.This announcement underscores Bentley’s ambition to balance modern sustainability with its storied heritage of opulence and performance. As the brand embraces its electric transformation, it aims to redefine luxury mobility for the next generation. Full Article Timothy Prakash
o Tesla’s safety design questioned following Toronto crash By thesun.my Published On :: Tue, 12 Nov 2024 12:00:15 GMT THE tragic crash of a Tesla Model Y in Toronto in October has raised serious concerns about the accessibility and usability of the car’s electronic door handles during emergencies. The fiery accident claimed the lives of four individuals: Neelraj Gohil (25), his sister Ketaba Gohil (29), Jay Sisodiya, and Digvijay Patel, leaving a sole survivor, a woman in her 20s.The woman’s escape was made possible by Rick Harper, a Canada Post employee, who heroically smashed the car’s window with a metal pole. Harper described the survivor as “desperate to get out,” but unable to open the car’s doors from inside. Tesla vehicles rely on an electronic button to open doors rather than traditional handles, and if the car’s power system fails in a crash, the doors may become inoperable.Concerns About Tesla’s Safety DesignWhile Tesla promotes a “safety-first design” and manual override mechanisms for emergencies, these features are not widely known or intuitive. The manual override involves removing a door panel and pulling a hidden cable — a process that could be difficult or impossible in the chaos and panic of a serious accident.Safety experts and crash investigators have raised concerns that victims may not be aware of the override feature or may lack the presence of mind to locate and use it under duress.The AccidentThe Tesla reportedly crashed into a guardrail at high speed along Lake Shore Boulevard East. The cause of the accident is still under investigation, but the crash’s aftermath has drawn attention to Tesla’s safety protocols, particularly in situations involving power failure. The National Highway Traffic Safety Administration (NHTSA) has several ongoing investigations into the Tesla Model Y, ranging from “unexpected brake activation” to “sudden unintended acceleration.”A Heroic Rescue EffortHarper’s quick action saved the survivor, but he was unaware that others were trapped inside due to the dense smoke. “I didn’t know there were other people in there. The smoke was so thick,” he said. It remains unclear if the other passengers also struggled to open the doors.Broader ImplicationsThis tragedy underscores the need for automakers to improve safety features in EVs, especially during power failures. Intuitive and easily accessible escape mechanisms are critical, and greater public awareness of emergency procedures is vital.As investigators work to determine the exact cause of the crash, this incident highlights the balance that must be struck between advanced technology and real-world practicality in automotive safety. Full Article Timothy Prakash
o Proton expands global presence with new CKD plant in Egypt By thesun.my Published On :: Wed, 13 Nov 2024 13:02:05 GMT MALAYSIAN carmaker Proton has taken a significant step toward international expansion with the inauguration of a new completely knocked-down (CKD) plant to assemble the Proton Saga in Cairo, Egypt. The ceremony was officiated by YAB Dato’ Seri Anwar Bin Ibrahim, Malaysia’s Prime Minister, during his official visit to the country.Prominent figures present at the event included H.E. Lieutenant General Kamel Al-Wazir, Egypt’s Deputy Prime Minister, YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Malaysia’s Minister of Investment, Trade, and Industry, and YB Dato’ Seri Utama Haji Mohamad bin Haji Hasan, Malaysia’s Minister of Foreign Affairs. Egyptian and Malaysian officials, including H.E. Mr Ragai Tawfik Said Nasr, Ambassador of Egypt to Malaysia, also participated alongside business leaders from both nations.Strategic Investment in Al Oula Industrial ParkThe new CKD facility is located in the Al Oula Industrial Park, Giza, and is operated by Ezz Elarab Elsewedy Automotive Factories (ESAF)—a joint venture between Ezz Elarab and Elsewedy Capital Holding. The plant represents an investment of USD35 million and has a production capacity of 20,000 units per shift. Once fully operational, it is expected to employ up to 400 people.Proton was represented at the inauguration by Tan Sri Syed Faisal Albar, Chairman, and Roslan Abdullah, Deputy CEO. From ESAF, Hisham Ezz Elarab, Chairman, and Ahmed Elsewedy, Board Member, attended the event.A Milestone in Bilateral CooperationDuring his speech, Prime Minister Anwar Ibrahim highlighted Proton as a source of national pride and emphasised the importance of partnerships like ESAF in fostering industrial advancement. He urged Proton to leverage local facilities to strengthen its operations in the region.The factory inauguration comes shortly after the first shipment of CKD packs was sent to Egypt on 9 September 2024. The production of left-hand drive Proton Saga models is set to begin in December 2024, with an initial production target of 1,400 units for 2024. This is projected to increase to 5,000 units in 2025, with a total of 16,000 CKD packs expected to be exported by the end of 2026.Expanding Beyond EgyptThe vehicles assembled in Egypt will not only cater to the domestic market but also be exported to Northern and Sub-Saharan Africa and Middle Eastern markets. These efforts are part of Proton’s strategy to strengthen its presence in emerging markets where car ownership is on the rise.The total value of exports from this initiative is estimated at RM570 million, excluding an additional RM20 million projected from parts exports.Unlocking Global PotentialTan Sri Syed Faisal Albar remarked that Proton, as Malaysia’s leading vehicle exporter, currently sees exports accounting for 3% of total sales volume. However, the company aims to unlock untapped potential in international markets.“Egypt is central to our plans for the region. Moving forward, we will focus on partnerships like ESAF to maximize the sales potential for Proton vehicles in regions where car ownership is still growing,” he said.Future Growth ProspectsThe establishment of the Cairo CKD facility marks a pivotal moment in Proton’s international expansion. With plans to explore broader markets and collaborate with strategic partners, the company is poised to enhance Malaysia’s automotive footprint on the global stage. Full Article Timothy Prakash
o Comment on How to write totally misleading headlines for social media by Karen Blakeman By www.rba.co.uk Published On :: Wed, 16 Nov 2016 07:56:58 +0000 Can't really say, Justin, without knowing how the Independent manages its content and social media presence. I have had two very interesting private conversations with a web content manager and a PR/social media consultant neither of whom, I hasten to add, work for The Independent. Both said that pressure is put on them to get as many "shares" and click throughs as possible. One confirmed that some of their clients clearly state in the commissioning briefs that titles are changed for social media to increase the click rate and that their performance is assessed and payments adjusted accordingly. Full Article
o Comment on How to write totally misleading headlines for social media by Chris Armtrong By www.rba.co.uk Published On :: Wed, 16 Nov 2016 10:23:04 +0000 But the conclusion must be that The Independent, and not Facebook, is in the wrong here. (Although I suppose there could / should be an FB algorithm to prioritise the real title?) Full Article
o Comment on How to write totally misleading headlines for social media by Karen Blakeman By www.rba.co.uk Published On :: Wed, 16 Nov 2016 12:53:16 +0000 I don't think we can blame Facebook for the misuse of the tags. They provide the technology and alternative social media titles usually do describe at least part of the original content, and the target audience maybe different compared with that for a website audience. In this case it has to be the Independent that is ultimately responsible, even if the title was written by a freelancer or contractor who, I presume, are paid by the Independent. It is clearly in the source code of the page on the Independent website, therefore they are responsible for it. Full Article
o Comment on How to write totally misleading headlines for social media by How to write totally misleading headlines for social media By www.rba.co.uk Published On :: Tue, 22 Nov 2016 02:45:42 +0000 […] has written a telling piece on her blog with the example of this newspaper article From Karen: How to write totally misleading headlines for social media : Or how to seriously annoy intelligent people by telling deliberate […] Full Article
o Comment on Seasonal opening times – never trust Google’s answers (or Bing’s) by Google shop times might not be right | Web Search Guide and Internet News By www.rba.co.uk Published On :: Fri, 30 Dec 2016 06:20:43 +0000 […] occurred to me – but Karen Blakeman has posted this advice – SEASONAL OPENING TIMES – NEVER TRUST GOOGLE’S ANSWERS (OR BING’S) (Dec 29) – information about open and closed times of shops might not be right – always […] Full Article
o Comment on More Google weird results by Arthur Weiss By www.rba.co.uk Published On :: Tue, 14 Feb 2017 21:14:46 +0000 I think Google is confused because most of the words are stop words. (Not sure about "internet" - always thought it was but not on the lists I just looked at which are mostly old, but probably still valid to an extent). Google has coded for known phrases with stop words e.g. "to be or not to be" but this search was not that sort of phrase. So I wonder if what is happening is that Google is confused as it doesn't know what words to actually include and which ones to ignore in its algorithm. You can test this by missing out words. I tried ["this is the best" * "on the internet"] and got 15 results. "this is the " * "on the internet" gave 19 results "this is the best" * "on the" gave 14 results as did "this is the best * on the" "this is the * on the" gave 40 results ["is the * on the" internet] gave 54 results ["is the * on the" planet] gave a number of 588m BUT only 111 were shown (although there was the option to see the rest!) Planet alone gave 754m results so around 30% more. [* "the planet"] gave 460m - with several pages of results. ["the best * the planet"] gave 206m with several result pages BUT ["is the best * the planet"] went down to 89 and ["this is the best * the planet"] gave only 13 results. So if I'm right, and it's stop words, it's an extra thing to include in search training. Full Article
o Comment on More Google weird results by Rob Feenstra By www.rba.co.uk Published On :: Thu, 16 Feb 2017 09:24:46 +0000 Best solution: learn Dutch. This is the best * on the internet only results in 3 hits on google.nl, but when I repeat the search in Dutch (dit is de beste * op het internet) I get 158.000.000 results. Lucky me/gelukkige ik! Full Article
o Comment on New Creative Commons image search – back to the drawing board I’m afraid by Neue CC-Bildersuche (Beta) | digithek blog By www.rba.co.uk Published On :: Sat, 18 Feb 2017 15:36:37 +0000 […] Update vom 10.2.2017, Karen Blakeman’s Blog: New Creative Commons image search – back to the drawing board I’m afraid […] Full Article
o Comment on Google makes it harder to change location for country specific research by David Pearson By www.rba.co.uk Published On :: Sun, 29 Oct 2017 11:01:32 +0000 How does this compare to using the "site:No" syntax to force Google to only return result from .No domains. https://www.google.co.uk/search?num=100&ei=oLL1WeX8NYPtaKS9k4AP&btnG=Search&q=site%3Ano+brexit Full Article
o Comment on Google makes it harder to change location for country specific research by Karen Blakeman By www.rba.co.uk Published On :: Sun, 29 Oct 2017 11:38:42 +0000 Yes, David, I really should have included that in the possible strategies. Thanks for reminding me. It works well for this particular example (Norway) and gives good but slightly different results and will, of course, miss Norwegian sites that are registered as .com or other international domains. The amount of overlap (or lack of it) will vary depending on the country. Full Article
o Comment on Google makes it harder to change location for country specific research by Eric Sieverts By www.rba.co.uk Published On :: Sun, 29 Oct 2017 11:50:57 +0000 Would adding the parameter &gl=no to the result URL, still do the job? Full Article
o Comment on Google makes it harder to change location for country specific research by Karen Blakeman By www.rba.co.uk Published On :: Sun, 29 Oct 2017 12:00:26 +0000 Doesn't work here, Eric :-( Full Article
o Comment on Google makes it harder to change location for country specific research by Google gjør det vanskeligere for oss! | Bærum bibliotek By www.rba.co.uk Published On :: Mon, 06 Nov 2017 10:24:26 +0000 […] Se også Karen Blakeman’s Bloginnlegg. […] Full Article
o Comment on SmugMug buys Flickr – should we stay or should we go? by Arthur Weiss By www.rba.co.uk Published On :: Tue, 24 Apr 2018 13:25:05 +0000 A couple of years ago (I think just after the initial acquisition and when Flickr was being expanded) they offered an "automatic uploader" that scoured your computer and uploaded all images automatically. This sounded great - until I realised you had no control on what was uploaded. My Flickr account has so much junk in it that it would be really hard to clear out - as I have my photos PLUS images I've purchased PLUS images I've downloaded and even scans and stuff like that which I'd never wanted uploaded. These aren't even in albums - so I can't delete them except one-by-one. Fortunately I have my privacy settings set - but not everybody did, and Flickr is a great source for competitive intelligence as a result. Some of the stuff you can find is in the category of "how stupid can you get" (and is a real lesson in the importance of privacy settings). I found a table for a major manufacturer giving volume sales per month 2016 vs. volume sales per month 2015 and YTD value sales. When I was doing the work it was actually current data - invaluable to my client as it was the sort of stuff you cannot ever expect to find but proves there is such as thing as serendipity. Full Article
o Comment on SmugMug buys Flickr – should we stay or should we go? by Karen Blakeman By www.rba.co.uk Published On :: Tue, 24 Apr 2018 14:18:03 +0000 I do recall some colleagues and friends saying that one of the mobile apps that did exactly that by default. Thankfully I have never used any of automatic uploaders. All photos are added manually one by one. Not exactly high tech but a lot safer. Full Article
o SMC earnings climb 19% to P37 billion By www.philstar.com Published On :: Wed, 13 Nov 2024 00:00:00 +0800 Earnings of diversified conglomerate San Miguel Corp. rose by nearly a fifth in the nine months ending September on the back of strong revenue growth across its businesses. Full Article
o JFC 9-month income gets boost from Compose Coffee acquisition By www.philstar.com Published On :: Wed, 13 Nov 2024 00:00:00 +0800 Higher system-wide sales and contributions of recently acquired South Korean value coffee brand boosted earnings of Asian food conglomerate Jollibee Foods Corp. by nearly a quarter in the nine months ending September. Full Article
o PAL profit down on spending spurt By www.philstar.com Published On :: Wed, 13 Nov 2024 00:00:00 +0800 Flag carrier Philippine Airlines sustained a 55-percent drop in its profit in the nine months to September, dragged by declining passenger revenues and spiking aviation costs. Full Article
o Missing the boat again By www.philstar.com Published On :: Wed, 13 Nov 2024 00:00:00 +0800 As soon as it was certain that Trump had won the elections, business news media started publishing a lot of stories about worried investors in China-based manufacturing facilities as well as US marketing companies dependent on their China supply chain. Full Article
o COD Manila adopts responsible gaming By www.philstar.com Published On :: Wed, 13 Nov 2024 00:00:00 +0800 City of Dreams Manila, part of the Melco Resorts and Entertainment Group, has taken the initiative to promote and observe responsible gaming practices in the Philippines. Full Article
o Pag-IBIG savings soar to almost P100 billion By www.philstar.com Published On :: Wed, 13 Nov 2024 00:00:00 +0800 Member savings collections of the Home Development Mutual Fund, commonly known as Pag-IBIG, reached almost P100 billion as of the third quarter, allowing the agency to finance the higher demand for home loans. Full Article
o Recovering consumer demand lifts Cosco’s profit By www.philstar.com Published On :: Wed, 13 Nov 2024 00:00:00 +0800 Earnings of Cosco Capital Inc., the listed retail holding firm of tycoon Lucio Co, increased by 10 percent in the nine months ending September on the back of strong operating performance across all its business segments. Full Article
o BSP launches GCash investigation over unauthorized deductions By www.philstar.com Published On :: Wed, 13 Nov 2024 00:00:00 +0800 The Bangko Sentral ng Pilipinas has launched an investigation into G-Xchange Inc., the operator of GCash, following numerous complaints from users reporting unauthorized deductions on their e-wallet accounts. Full Article
o Lucio Co gobbles up beer importer Booze By www.philstar.com Published On :: Wed, 13 Nov 2024 00:00:00 +0800 The Keepers Holdings Inc. of tycoon Lucio Co is gobbling up a local beer importer, further boosting the company’s extensive portfolio. Full Article