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Internet entrepreneurs back Chinese Tesla rival NextEV

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FRANKFURT/DETROIT: A group of deep-pocketed China-based Internet entrepreneurs and financial investors, including Tencent and Hillhouse Capital, is backing an effort to create NextEV, a new rival to US electric car maker Tesla Motors Inc. Hillhouse is also an investor in Uber, the US ride sharing service.The backers have hired ex-Ford Motor Co executive Martin Leach to build a global automaker, a NextEV spokesman said on Monday. The backers have also recruited experts with previous experience at Tesla, BMW AG, Volkswagen AG  and other major car companies. The NextEV investors are among several Chinese technology entrepreneurs with little or no automotive…

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Motorcycle licence fees reduced

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PUTRAJAYA: The fees to obtain a motorcycle licence will be reduced to tackle the scourge of those who ride without licences. Transport Minister Datuk Seri Liow Tiong Lai said the fee would be dropped from RM350 to RM299 beginning this month. “We found that as many as three in ten youngsters were still riding without a licence,” he said. “Such an act is serious and unacceptable,” he said, adding that road safety was still a major issue in the country. Liow said driving schools had already agreed to the reduction, which will take effect when the MyLesen programme is launched…

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Suzuki Motor says it will buy back VW stake as court settles feud

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TOKYO: Suzuki Motor Corp has announced it will buy back the 19.9 percent stake it sold to Volkswagen AG after an international arbitration court settled a dispute between the automakers over their failed partnership. Suzuki filed for international arbitration in November 2011, after Volkswagen refused to sell back the shares in Suzuki it acquired in January 2010 for 1.7 billion euros (RM8bil). The stake was worth some US$3.8bil (RM16bil) at Friday’s closing price. Both companies said they welcomed the clarity offered by the ruling from the International Court of Arbitration of the International Chamber of Commerce, which partially upheld the…

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Lower fuel prices for September

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PETALING JAYA: Petrol and diesel prices will drop by 10 sen and 15 sen per litre in September. Petron Petrol Dealers Association president Datuk Alang Zari Ishak confirmed on Monday that the prices of both RON95 and RON97 petrol have been set at RM1.95 and RM2.35 per litre, down 10 sen from its prices in August. The price of diesel price will be RM1.80 per litre, down 15 sen from RM1.95 previously. “The information that we received was that the prices are going down,” he said. The Ministry decided to set the prices of petrol and diesel on a managed…

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Malaysian truck maker partners China company in move to launch own superbikes

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NIBONG TEBAL: Truck maker Boon Koon Group Bhd plans to launch its own range of superbikes, with commercial production expected to start in the first quarter of 2016. “We plan to produce 3,000 units for the local and regional market,” group executive chairman Datuk Goh Boon Koon said after the company’s AGM. He said Boon Koon is partnering a China company for the super bike project. The bikes will be build using German technology. The company is in the designing and development stage of the project. “The selling price will be around RM40,000 per unit,” Goh said. He said the…

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Lucky Toyota customers win Tokyo holiday

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SHAH ALAM: A total of 20 lucky Toyota owners and their partners recently won the grand prizes of an all-expense paid five-day/four-night trip to Tokyo. The winners, who will also visit the 2015 Tokyo Motor Show, had joined the Toyota Buy & Win contest which ran from May 1, 2015 until June 30, 2015. The Tokyo Motor Show will run from October 29 to November 8, 2015. Of the 20 winners, 10 of them had bought a Vios, four a Hilux, with the remaining six winners split equally between the Camry Hybrid and the Corolla Altis. The winners came from…

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Mitsubishi Motors Malaysia donates to Orang Asli

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TANJUNG MALIM: Mitsubishi Motors Malaysia recently donated 30 bags of rice to an Orang Asli community at Ulu Slim, Perak. The donation was in conjunction with an off-road test drive session of the 2015 Mitsubishi Triton by the Malaysian media. The 437km drive from Ara Damansara, Selangor to Batu Ferringhi, Penang consisted of a mixture of highways, off-road, windy country roads, and a stopover at Tanjung Malim for lunch. The fifth-generation Mitsubishi Triton pick-up has segment first-in-class features such as Push Start Button, Keyless Operation, Xenon HID Headlamps with integrated Daytime Running Lights, Tilt and Telescopic Steering and Paddle Shifters.…

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Hyundai concepts to highlight high performance N sub-brand

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FRANKFURT: N’s the name and Hyundai aims to put the sizzle into it. The Korean car maker is expected to showcase its high performance sub-brand N at the 2015 Frankfurt International Motor Show, come next month. The result of intensive testing and product development, the sub-brand N builds on Hyundai’s successful motorsport experiences and technology capability to drive future performance-oriented and race-track-capable models forward and bring “the most thrilling winding road” fun to car crazy customers. Highlighting Hyundai Motor’s support for performance and engineering competency, a preview of the New Generation i20 WRC car will appear on stage during the…

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New TVR sports car already sold-out for 2017

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LONDON: TVR has received over 250 orders for its new sports car, despite no information on its name or what it will look like. In just six weeks, TVR has filled its upcoming sports car delivery quota for 2017. No information has been published yet about its appearance or name, but it appears that the classic, quality reputation of TVR has ensured that fans of the brand are willing to take the risk. Potential buyers were required to put down a deposit of nearly US$8,000 (around RM34,000), with those who missed out on the 250 first spots being warned that…

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Kia Soul EVs taking part in wireless charging project

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LOS ANGELES: Wireless charging systems, capable of transferring high power without need for precise alignment between the charger and the vehicle, are currently under development for electric vehicles, with the Kia Soul EV being the tester car for this research. Wireless charging technology has the potential to significantly enhance the convenience of electric vehicles – and so increase the appeal and acceptance among consumers – while possibly enabling smaller battery pack sizes and reduced vehicle weight. The system is being developed by Hyundai-Kia America Technical Center Inc (HATCI) and Mojo Motability Inc – a wireless power technology company, after being…

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