Automotive
Vin’s Holdings secures settlement, partial repayment of S$44,300 from ex-employee
This is related to irregular transactions by a former key executive that was disclosed in April
COEs for large cars up 4.3% at S$126,236, mainstream cars near S$125,000
All premiums rise in May’s first round; LTA urges prudent bidding
China’s carmakers chase ‘Yaris moment’ to ignite overseas growth
Overseas markets offer room to grow – and to charge more – if Chinese brands can persuade consumers they understand local tastes
Trump says he will raise tariff on autos from European Union to 25%
EU officials criticise move as arbitrary, warn of firm response
Irregular payments occurred during former group financial controller’s stint: Vin’s Holdings
The automotive group is probing transactions made with an entity controlled by a former key executive officer
Vin’s Holdings announces probe into irregular payments linked to ex-employee
Early findings show that the ex-employee overrode internal controls to move S$44,300 to an entity he controlled
COEs: Mainstream car category tops bidding at S$123,010 as demand ‘just too strong’
Category A rises 4.2%, and closes in on its all-time high of S$128,105 last October
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
US company Enterprise Mobility is the franchisor; services are to start in the CBD and western Singapore in October
Rolls-Royce unveils EV flagship of new bespoke line as demand for exclusive cars hits record
Project Nightingale is the first in a series of low-volume, ultra-luxury automobiles
China’s car exports accelerate despite disruption from Middle East crisis
Dealers remain under pressure from bloated inventories, with unsold vehicle stocks rising in March
