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Toyota, Honda, Isuzu and Mitsubishi Set To Invest US$5 billion in Thailand

A spokesperson for the Thai government announced recently that major Japanese automakers are set to invest a total of 150 billion baht ($4.34 billion or over RM20 billion) in Thailand over the next five years, bolstering the country’s shift towards electric vehicle (EV) production.

Toyota Motor and Honda Motor are each contributing around 50 billion baht, while Isuzu Motors is investing 30 billion baht, and Mitsubishi Motors is committing 20 billion baht. This investment encompasses the manufacturing of electric pickup trucks.

During a recent trip to Japan by Thailand’s Prime Minister Srettha Thavisin, agreements with these Japanese automakers were solidified. Although Japanese manufacturers have long dominated Thailand’s automotive sector, the rise of Chinese EV makers has introduced new dynamics, with notable investments being made in recent times.

The spokesperson, Chai Wacharoke, highlighted that the Japanese automakers’ investment aligns with the Thai government’s strategy to transition from traditional combustion engine vehicles to electric alternatives.

Despite requests for comment by Reuters, Toyota, Honda, Isuzu, and Mitsubishi had not responded at the time of reporting.

Thailand, Southeast Asia’s second-largest economy, currently holds the position of the region’s leading car producer and exporter. The government aims to convert approximately one-third of its annual vehicle production, totaling 2.5 million units, into electric vehicles by 2030. To facilitate this transition, Thailand is introducing incentives, including tax cuts and subsidies, to attract more investment in EV manufacturing.

This move by Japanese automakers comes at a time when Chinese car manufacturers, such as BYD and Great Wall Motor, have already committed to substantial investments of $1.44 billion in new production facilities in Thailand, attracted by the favorable business environment.

In a noteworthy development, Prime Minister Srettha recently showcased industrial estates in Thailand to executives from the U.S. electric vehicle giant Tesla, signaling the country’s eagerness to attract further investments in the burgeoning EV sector.

Putin Takes Control Of Russia’s Largest Car Dealership

President Vladimir Putin has placed Russia’s largest car dealership under temporary state management, a move the Kremlin claimed was driven by commercial considerations.

However, the founder of Rolf, Russian businessman Sergei Petrov, argued that this action portrayed the country as uninvestable.

Swedish Transport Agency Investigates Tesla Over Suspension Failures

Sweden’s Transport Agency announced on Friday that it is currently conducting an investigation into suspension failures in Tesla vehicles, a parallel effort to a similar probe initiated by Norway’s traffic safety regulator.

In an emailed statement to Reuters, the Swedish agency confirmed, “We can … confirm that investigative work is also underway with us.”

As of now, Tesla has not responded to requests for comment on the matter.

Meanwhile, the Finnish transport and communications agency informed Reuters that it has not been approached regarding any issues related to faulty suspension failures.

The Norwegian Public Roads Administration (NPRA) disclosed last Thursday that it had commenced an inquiry into Tesla in September 2022. The NPRA has asked the automaker to evaluate consumer complaints about lower rear control arms breaking on its Model S and X vehicles.

Depending on the findings, the Norwegian agency may recommend a recall of the vehicles for part replacement if they are deemed to pose a “serious risk.” Alternatively, they may conclude the investigation if no safety concerns are identified or choose to extend the review.

Regarding the Norwegian probe, the Swedish agency acknowledged that it, too, had received “a number of notifications about cars from the Tesla brand that have suffered from similar problems.” However, a spokesperson for the Swedish regulator declined to provide additional details, citing the ongoing nature of the investigation.

These inquiries in Sweden and Norway come on the heels of a Reuters investigation published earlier in the week. The report revealed that Tesla had consistently blamed drivers for frequent failures of suspension and steering parts that the company had been aware were defective for an extended period. To reduce escalating warranty costs, Tesla reportedly attempted to cut repair expenses by attributing these failures to “driver abuse.”

The investigation was based on an examination of thousands of Tesla documents and interviews with former employees, including service managers and technicians in Norway.

Aston Martin Valhalla Nears Production with V8 Power

Aston Martin’s highly anticipated Valhalla, initially introduced as the AM-RB 03, is set to enter limited production in 2024 after finalising its development. The mid-engined supercar has transitioned from a V-6 to a powerful AMG flat-plane crank 4.0-litre twin-turbo V8, coupled with two electric motors for a combined output of 998bhp and four-wheel drive capabilities.

With a top speed of 349km/h and an estimated 0-100km/h acceleration in 2.5 seconds, the Valhalla promises an exhilarating performance.

Recent photos of a prototype undergoing testing at Silverstone reveal design tweaks, including larger side cutouts for a more aggressive appearance.

The nose retains Aston Martin’s distinctive styling, and notable features include production-ready headlights, side mirrors, and a retractable rear wing. The rear of the car showcases a variant of the concept’s substantial diffuser.

While the interior of the prototype appears race-oriented, the final production model is expected to offer a more refined cabin, striking a balance between performance and practicality. Limited to just 999 units, the Aston Martin Valhalla represents a high-performance, exclusive offering for enthusiasts.

Volvo Set To Launch the S90’s EV Successor – The ES90

Volvo’s upcoming electric vehicle, the ES90, is set to replace the S90, marking the automaker’s commitment to electrification.

Built on the SPA2 platform, the mid-size luxury sedan will feature one or two electric motors and a substantial 111 kWh gross or 107 kWh net battery, providing a range of over 600km. The ES90 will be slightly larger than its internal combustion engine counterpart, measuring 4,999 mm in length, 1,945 mm in width, and 1,547 mm in height, with a wheelbase of 3,102 mm.

Internally known as Project V551, the all-wheel-drive ES90 is expected to weigh 2600kg, while the single-engine variant will weigh 2500kg.

Production is scheduled to begin in May 2024, with the first customer deliveries anticipated in mid-2025. The ES90 will initially be available in China and Europe, with a particular focus on expanding into markets such as the United States. There are no reports of it being introduced into the Malaysian market so we will just have to play the waiting game for now.

This move is part of Volvo’s broader strategy to introduce six electric models by 2026, with the new electric Volvo contributing to the brand’s commitment to sustainability and innovation.

Bahrain to Acquire Majority Stake in McLaren Group

In a significant development, shareholders of the British supercar maker, McLaren Group, have reportedly given their approval for Bahrain’s sovereign wealth fund, Mumtalakat Holding Company, to take over the majority stake. The proposed plan includes the acquisition of McLaren Racing, the renowned Formula 1 team and the second most successful constructor in the championship. The takeover, which involves a full recapitalisation, streamlined share structure, and governance processes, aims to facilitate McLaren’s expansion into new markets.

The plan from Mumtalakat Holding Company, which is already the majority shareholder, involves gaining full control of McLaren Group. Pending the completion of the recapitalisation, the sovereign wealth fund is expected to take over the ownership within days. The move is seen as a strategic step in the ongoing transformation of the McLaren Group, providing a solid foundation for future growth and brand presence.

Subaru Teases Limited-Edition WRX S4 STI Sport For Japan

Subaru has teased the WRX S4 STI Sport ahead of its debut at the Tokyo Auto Salon 2024. This model previews a special edition of the performance sedan with notable handling upgrades, set for a limited production run. Although likely to remain exclusive to the Japanese market, the prototype hints at exciting changes.

The WRX S4 STI Sport prototype is based on the WRX S4 STI Sport R EX, the flagship trim of the WRX in Japan. The teaser image reveals distinctive features, including new BBS-style wheels and a modified ducktail spoiler on the trunk. Notably, the WRX, S4, and Symmetrical AWD emblems are finished in black, adding a touch of sportiness.

2024 Subaru WRX TR

While specific details about the interior and other exterior enhancements remain undisclosed, Subaru promises more than just cosmetic changes. The WRX S4 STI Sport is touted to deliver “enhanced handling” and a “premium drive feel,” indicating significant chassis upgrades. The focus seems to be on refining the driving experience, with less emphasis on powertrain modifications.

Under the hood, the special edition is expected to retain the turbocharged 2.4-litre four-cylinder boxer engine found in all JDM-Spec Subaru WRX variants. Generating 271hp and 375Nm of torque, the engine is paired with a CVT automatic transmission, and power is transmitted to all four wheels through Subaru’s symmetrical AWD system.

2022 Subaru WRX — 2022 Subaru WRX

Details about the WRX S4 STI Sport prototype will be officially unveiled at the Tokyo Auto Salon 2024, scheduled for January 12-14 at the Makuhari Messe in Chiba.

Ford Unveils 2024 F-150 Raptor R with 720hp and 867Nm of Torque!

Ford has revealed the 2024 model of its best-selling F-150, giving the high-performance Raptor R a power boost. The new Raptor R, known for its off-road capabilities, boasts an impressive 720hp from its supercharged 5.2-litre V8 engine. The power increase is achieved through a new engine calibration and modifications to reduce air inlet losses, enhancing airflow to the air filter.

The updated Raptor R’s engine is a derivative of the 5.2-litre mill found in the recent Mustang Shelby GT500, which delivered 760hp. The 2022 Raptor R had 700hp, and the latest model strikes a balance with improved low-end power while maintaining the same peak torque of 867Nm.

Visually, the 2024 Raptor R can be identified by its new headlights featuring daytime LEDs forming a half-square around the outer edge. Inside, there are minimal changes, except for the addition of an optional heads-up display—a first for the F-150 family.

This refresh is part of Ford’s efforts to keep the F-150 lineup competitive and maintain its position as a top-selling vehicle. The Raptor R, with its enhanced power and off-road capabilities, continues to be a standout offering in the F-150 range.

Daihatsu Halts Vehicle Shipments Amid Safety Test Irregularities Scandal

Daihatsu, the renowned Japanese automaker, finds itself in the midst of a significant crisis as it declares a temporary suspension of all vehicle shipments, both domestically and internationally. This decision comes in the wake of a damning investigation into safety test irregularities, a scandal that has sent shockwaves through the automotive industry.

The unfolding controversy dates back to April, when it was first revealed that Daihatsu had engaged in fraudulent practices related to crash safety tests, specifically concerning regulatory approval applications for four models. The focus of the investigation centred on door trim issues that failed to meet safety standards in a side impact test, affecting a staggering 88,000 units. Subsequently, in May, Daihatsu publicly admitted to irregularities in certification procedures for side impact collision tests involving hybrid versions of the Daihatsu Rocky and Toyota Raize.

The latest developments shed light on the gravity of the situation, with reports indicating the discovery of 174 new irregularities across 25 test items. This brings the total number of fraudulent cases to a staggering 238. The affected models include those produced under the Daihatsu brand and supplied to major players such as Toyota, Mazda, Subaru, and notably, Perodua.

Mercedes-Benz Secures Permits for Turquoise-Coloured Marker Lights

Mercedes-Benz has achieved a significant milestone by becoming the first automaker globally to obtain permits for special exterior marker lights for automated driving in California and Nevada. The permits allow testing vehicles to incorporate these lights for a two-year period in California, while in Nevada, they extend to production vehicles until modifications in statutes occur, with validity until the model year 2026.

These distinctive turquoise-coloured marker lights, integrated into the front and rear lights, as well as the outer mirrors of testing vehicles, serve a vital role in enhancing public acceptance of automated driving and reinforcing road safety. By indicating the status of the automated driving system, these lights facilitate communication with other road users and assist law enforcement.

The initial application of these marker lights will be with Drive Pilot, recognised as the world’s first Level 3 system for conditionally automated driving with international type approval. Having obtained certification in Germany in 2021 and subsequently in Nevada and California in 2023, Drive Pilot is already available for ordering in Germany.

The choice of turquoise for these marker lights is deliberate, aiming for optimal visibility for rapid detection by other road users. Mercedes-Benz intends to standardise the use of turquoise, contributing to a universal understanding and acceptance of this innovative technology. This development marks a significant step toward the integration of automated driving systems into mainstream road usage.

Toyota, Honda, Isuzu and Mitsubishi Set To Invest US$5 billion in Thailand

Putin Takes Control Of Russia’s Largest Car Dealership

Swedish Transport Agency Investigates Tesla Over Suspension Failures

Aston Martin Valhalla Nears Production with V8 Power

Volvo Set To Launch the S90’s EV Successor – The ES90

Bahrain to Acquire Majority Stake in McLaren Group

Subaru Teases Limited-Edition WRX S4 STI Sport For Japan

Ford Unveils 2024 F-150 Raptor R with 720hp and 867Nm of Torque!

Daihatsu Halts Vehicle Shipments Amid Safety Test Irregularities Scandal

Mercedes-Benz Secures Permits for Turquoise-Coloured Marker Lights

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