automotive industry

InnoTek subsidiary increases capital to $4.8 mil from $3.1 mil - THE EDGE SINGAPORE

Company in the news

InnoTek subsidiary increases capital to $4.8 mil from $3.1 mil

The increase in capital is not expected to have any material impact on the company for the financial year ended Dec 31, 2020.

Broker's Calls

CGS-CIMB initiates coverage on Innotek with 'buy' on strong balance sheet, attractive yields

SINGAPORE (June 11): CGS-CIMB Research analyst William Tng has initiated coverage on mainboard-listed precision metal part maker Innotek with an “add” call and target price of 57.9 cents, representing an upside of 52.5% for the stock. 

Company in the news

MeGroup uses two 'engines' to capture bigger share of growing Malaysian car market

SINGAPORE (Feb 14): The automotive market in Malaysia has seen four consecutive years of growth since 2016, according to data from the Malaysian Automotive Association (MAA). Wong Cheong Chee, executive chairman and CEO of MeGroup, a Singapore-listed Mala


Why we all will soon be riding in electric cars

(Oct 30): The best-performing sector in the global stock markets over the last two months has been neither internet technology nor oil. Rather, it is one that had been a laggard for years: automobile manufacturers. As investors chased up shares in fledgli


Race against the machine

Fifty years on, Mercedes-AMG continues to develop the dream cars you will drive tomorrow. Options travels to the AMG headquarters in Affalterbach, Germany, to chronicle the nuts and bolts as well as the cutting-edge automotive technology of AMG’s journe
From Reuters

New US subprime boom, same old sins: auto defaults are soaring

(July19): It’s classic subprime: hasty loans, rapid defaults, and, at times, outright fraud.

Global Markets

Trump hits Toyota in latest broadside against carmakers and Mexico

WASHINGTON (Jan 6): US President-elect Donald Trump targeted Toyota Motor Corp on Thursday, threatening to impose a hefty fee on the world's largest automaker if it builds its Corolla cars for the US market at a plant in Mexico.