New car sales last month rose 3.9 percent from the previous month to 35,348 units, 6.7 percent lower than a year earlier, data compiled by local motor vehicle branches showed.
The change was due to a lower comparison base in April, the companies said.
Hotai Motor Co (和泰汽車), which sells Toyota and Lexus models, remained the nation’s largest car supplier with a 29.3 percent market share and sales of 10,373 units, a 12.1 percent decrease from a year earlier.
China Motor Corp (中華汽車), which supplies Mitsubishi sedans and its own-brand CMC commercial models, posted an annual sales decrease of 15.3 percent to 3,831 units last month.
Yulon Nissan Motor Co (裕隆日產), which sells Nissan and Infiniti vehicles, saw its sales drop 15.6 percent year-on-year to 3,393 units, statistics showed.
China Motor and Yulon Nissan last month secured market shares of 10.8 percent and 9.6 percent respectively.
Bucking the downward trend, Honda Taiwan Co (台灣本田) posted sales of 2,573 units, a 10.1 percent increase from a year earlier, with a 7.3 percent market share.
Mercedes-Benz Taiwan, the fifth-biggest car distributor with a 6.5 percent market share, saw its sales increase 14.8 percent for the month to 2,310 units from a year earlier.
Local car dealers generally gave positive sales outlooks for the coming quarters, saying that market sentiment is likely to improve due to large-scale promotions to stimulate demand in the summer.
From January through last month, new car sales totaled 177,059 units, representing a 1.3 percent decrease from the same period last year, data showed.
Softbank Group Corp plans to keep a stake in the chip designer Arm Ltd, even if it sells a partial interest to Nvidia Corp, the Nikkei reported. The companies are negotiating terms, the newspaper reported, citing sources. Softbank might take a stake in Nvidia after it buys Arm, the report said. Nvidia and Arm might also merge through a share swap, and Softbank would become a major shareholder in the combined company, it said. The two parties aim to reach a deal in the next few weeks, the sources said, asking not to be identified because the information is private. Nvidia is the
END TO SPECULATION: The hotel’s management contract has been extended, despite reports that it wanted to end its alliance with Hyatt Hotels over a deal with Riant Capital Singapore-based Hong Leong Hotel Development Ltd (豐隆大飯店股份) yesterday said it has extended a management contract to ensure the continued presence of the Grand Hyatt brand in Taipei, ending rumors that the two sides were parting ways. “We are pleased Hyatt is able to come to terms on the extension of the management contract of Grand Hyatt Taipei,” said Kwek Leng Beng (郭令明), executive chairman of City Developments Ltd (城市發展) and Millennium & Copthorne Hotels Ltd (千禧國敦酒店). Hong Leong Hotel Development is a subsidiary of Millennium, and both fall under the Hong Leong Group (豐隆集團). The Grand Hyatt Taipei (台北君悅大飯店), owned and built by
Gold surged to a fresh record on Friday, fueled by US dollar weakness and low interest rates, while silver headed for its best month since 1979. Spot bullion is up more than 10 percent this month, as US real yields lingered near record lows. While the ferocity of rallies in gold and silver cooled in the middle of the week, most market watchers predict there might be more gains ahead. Both metals have added about 30 percent this year, with gold and silver exchange-traded funds boosting holdings to a record, as concern about the fallout from the COVID-19 pandemic fuels demand for
MOVING FROM CHINA? The article did not name the company, but Foxconn, Wistron and Pegatron were among firms chosen for a production-linked incentive plan in India An Apple Inc vendor is looking at shifting six production lines to India from China, which could result in US$5 billion of iPhone exports from the South Asian nation, the Times of India reported, citing people familiar with the matter who it did not identify. The establishment of the facility would create about 55,000 jobs over about a year, the newspaper reported, not naming the Apple vendor. It would also cater to the domestic market and expand operations to include tablets and laptops, the newspaper reported. Samsung Electronics Co and Apple’s assembly partners are among 22 companies that have pledged 110 billion