Automotive & Assembly Insights
Diesel sedans and station wagons, as well as diesel off-roaders, were hit with a 40 percent VAT, while light commercial vehicles in the form of small trucks, pickups, and passenger vans received a twenty per cent VAT. Some commentators expected this to spell the end of diesel vehicles in Indonesia. FAW Group has a joint venture with Toyota called Sichuan FAW Toyota Motor and both companies also have another joint venture called Ranz. FMG, Beijing Automotive Group, China Motor, and Daimler has a joint venture called Fujian Benz. FMG, China Motor, and Mitsubishi Motors has a joint venture called Soueast, FMG holds a 50% stake, and both China Motor and Mitsubishi Motors holds an equal 25% stake.
- While sales are still skewed toward affluent buyers, more people are choosing electric vehicles to save money.
- Volvo has cemented an unparalleled reputation for safety, and it’s look\ing to