Cars
Car body trader gets jail for tax evasion, is fined more than S$800,000
The income tax undercharged across the two years exceeds S$260,000
Creditors of Autobahn Rent A Car, Shariot group claim S$38 million more, contrary to group’s own estimates
DBS, UOB, OCBC, Teck Wei Credit and Toyota Financial Services list liabilities higher than those listed by the group
Europe’s naivety about the China export shock is tragic
Abandoning the 2035 combustion engine ban will not secure the European car industry’s future
BlueSG disposes of old EVs ahead of relaunch in 2026
LTA blocks the transfer of Bluecars to Tribecar due to EV Sharing Scheme restrictions
EU to yield on combustion engines ban after automaker pressure
It will be the union’s most significant climb-down from its green policies of the past five years
Rebate cuts won’t hurt Singapore’s momentum as South-east Asia’s top EV market in 2026
The Republic’s EV take-up is expected to rise due to a continued price advantage and new benefits for electric heavy vehicles
China’s car sales extend decline in November with biggest drop in 10 months
The slump comes amid a waning scramble to buy vehicles before government subsidies dwindle at year-end
China floods the world with gasoline cars it can’t sell at home
China’s gasoline-vehicle exports alone – not including EVs and plug-in hybrids – made it the world’s largest auto-exporting nation by volume in 2024
Large-car COE premium down almost 5% at S$123,900; most categories dip
Mainstream-car category declines 3.3%, and motorcycles by 5%
DBS, OCBC, UOB among those owed S$304 million by Autobahn, Shariot group; white knight in talks
DBS owed S$94.8 million, Teck Wei Credit, S$70 million; hearing set for Dec 2
