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Weekly Round-Up: Honda Malaysia announces new CEO replacing Katsuto Hayashi, Volvo Announces Polestar1 and more ( 2017-10-22 )

Honda Malaysia announces appointment of new CEO

According to NST online, Honda Malaysia Sdn Bhd had today announced the appointment of Toichi Ishiyama as its new managing director and chief executive officer (CEO), following the departure of Katsuto Hayashi. Toichi Ishiyama is currently the president and CEO of Honda Atlas Cars (Pakistan) Ltd will assumed office in Malaysia on 1 November. With more than 20 years of experience in researching markets and product planning, Ishiyama’s forte is an advantage towards ensuring that Honda Malaysia continues its strong momentum as the No.1 Non-National Vehicle Brand and No.2 in overall Total Industry Volume (TIV). (SOURCE: NST)

Volvo Polestar 1

      

Ever since Polestar separated from Volvo as an individual brand, everyone has been excited to see what will the future hold for Polestar. Days ago, Volvo just shared details on the Polestar 1, the first model from their new performance electric brand. The Polestar 1 is a plug-in hybrid Grand Tourer Coupé with a range of 150 kilometers (93 miles) using only its available electric power. That gives the vehicle the record for longest fully electric range amongst available hybrid cars.

Volvo claims this will be the only hybrid released under the Polestar brand, with all future vehicles expected to be fully electric. Next up for the brand is the Polestar 2. Production on that vehicle is expected to begin in 2019, and Volvo sees it serving as a direct competitor to Tesla’s Model 3. (SOURCE: FUTURISM)

Australian car production ends on this week

Car production in Australia will come to an end later this week when General Motors shuts down the Holden Commodore production line, after decades in operation. So how did Australia's local car industry fold in such rapid succession, especially at a time when the population of the country and demand for cars seemingly continues to grow?

The answers have more to do with macroeconomics and politics than traditional supply and demand. A major factor cited by multiple industry observers is import tariffs; a tremendous number of different automakers export their cars to Australia paying zero or exceptionally low tariffs. This has permitted automakers that do not produce cars in Australia to fill the market with their vehicles, putting Australian-based automakers at a disadvantage due to relatively high labor costs. The Holden plant will follow the local shutdown of local Toyota Camry production earlier this month. Holden and Toyota were the last two holdouts still making cars on the continent after Ford left a year ago, bowing to market pressures. (SOURCE: AUTOWEEK)

Weekly Petrol Price, fuel price up one cent

This week, RON95 and RON97 go up 1 cent and Diesel price goes up 1 cent. RON 95 will be priced at RM2.17 per litre (+RM0.01). RON 97 will be priced at RM2.47 per litre (+RM0.01). Diesel will be priced at RM2.11 (+RM0.01). Check October weekly petrol price update with MyCarsearch.

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