Driven by yearly rising sales and market shares of upscale imported cars in Taiwan, Pan German Motors Ltd., the island's agent of German brands BMW, Porsche and Mini, recently announced plans for initial public offering (IPO) in Taiwan by 2017. Industry sources say Pan German has been reporting promising operation results in the past years, and, once listed, its earnings per share (EPS) ...

Hota2015.0215/Industry News, TTG April 2015/1 Caption OE Auto Parts Maker Hota Eyes Record Revenue of NT$5.1 B. in 2015 Hota Industrial Mfg. Co., Ltd., a Taiwan-based original equipment (OE) supplier of transmission parts to international vehicle manufacturers, recently announced being very confident to see obvious revenue growth in 2015, thanks mainly to increasing order volume from Tesla ...

The U.S. Department of Commerce (DOC) recently announced its preliminary decision to impose antidumping duties on China-made passenger and light truck tires that went into effect January 27. With the official publication of the decision, nearly 70 manufacturers and importers of the subject tires and their subsidiaries must now begin paying such antidumping duties as determined by DOC, retroactive...

With 2015 off to a good start, IHS Automotive, part of IHS Inc., forecasts global automotive sales for 2015 to reach 88.6 million, an increase of 2.4 percent over 2014, continuing an unbroken five-year run of sales recovery and growth from the low point set in the aftermath of the global financial meltdown. However, a slowdown is being signaled with just two of the high-potential Brazil, Russia, ...

Tsai Wen-rong, president of Yulon Nissan Motor Co., agent of Nissan and Infiniti and No.2 auto vendor in Taiwan by sales volume, recently expressed optimism about Taiwan's automobile market in 2015, predicting overall new-car sales in Taiwan to increase to about 440,000 units, of which Yulon Nissan aims to grab a 12.5 percent market share, or about 53,000 units. Sales of new cars in Taiwan hi...

Driven by the introduction of the Luxgen U6 crossover, sales of new Luxgens in Taiwan and China hit record highs in 2014, and are expected to continue challenge new records in 2015, according to Yulon group of Taiwan. Luxgen is a self-developed line under Yulon, one of the oldest carmakers in Taiwan with roots dating back to Datsun and B210. Yulon's flagship company Yulon Motor Co. designs, de...

Pihsiang Energy Technology Co., Ltd. (PHET), a C-LiFePO4 lithium-ion cell maker in Taiwan, and Ningbo Sonluk Holding Group Co., Ltd., reportedly China's largest maker of alkaline batteries and a world's top-three, recently signed a cooperation agreement to develop new-energy business. The agreement enables PHET to win a three-year, NT$3.6 billion (US$120 million) worth of orders for LiFePO...

Eyeing high potential and booming tire markets in the Association of Southeast Asian Nations (ASEAN), the two major Taiwanese tire manufacturers, Cheng Shin Rubber Ind. Co. Ltd. and Kenda Rubber Ind. Co., Ltd., will soon kick off construction of factories in Indonesia. Cheng Shin recently announced its Indonesian subsidiary, Maxxis International Indonesia, and has decided to buy 350,000 square...

Hotai Motor Co. Ltd., Taiwan's agent of Toyota and Lexus in Taiwan, recently announced consolidated revenue of NT$160.2 billion (US$5.34 billion) for 2014, up 9.29 percent from the previous year to set again a record high for the Taiwan-listed automotive company the fifth consecutive year. Some institutional investors forecast that Hotai's 2014 earnings per share (EPS) will outstrip NT$18 (US...

A clear and necessary development trend in global automotive industry in recent years, without doubt, is that all industrially advanced countries, vehicle manufacturers, and eco-conscious consumers have been increasingly eyeing and adopting alternative-energy vehicles that are touted as saviors of our environment to make the earth more sustainable. Electric LDVs The use of electric vehicles...