Senin, 21 Juni 2010

Malaysian petrol prices could go up to RM2.60 if Govt approves proposal

Malaysian petrol prices could go up by 15 cents if government approves proposal






According to a report on Malaysiakini, the Malaysian government could hike petrol prices up by this year. The report says that the initial price increase will be 15 cents per liter and implemented this year under plans presented by a body advising the government on how to cut subsidies.

The proposal was made today to urge people to accept higher prices as Malaysia seeks to reduce its budget deficit which stood at a 20-year high of 7 percent of gross domestic product in 2009.

If the proposal goes through, the price of petrol would be hiked some time this year followed by two price hikes totally 20 cents per liter in 2011 and two more of 20 cents per liter in 2012.

In 2013-2015, there will be slow price hikes and by the end of 2015, the price of RON95 would stand at RM2.60 per liter, but the proposal has yet to be approved by the government, so there's no telling whether or not the proposal will be accepted.

The forecasts were based on a crude oil price forecast of US$73.06 per barrel for 2011 and US$79.41-US$94.52 for 2013-2015.

Petrol

Petrol prices to be increased 15 sen in June-Dec 2010, then 10 sen hikes every six months between Jan 2011-Dec 2012 and by a lesser amount in following years.

Petrol prices seen at

2011 - RM2.16
2012 - RM2.20
2013 - RM2.34
2014 - RM2.52
2015 - RM2.60

The forecast for crude oil in 2011 is US$73.06 per barrel and for 2013-2015 in the region of US$79.41-94.52.

Tolls

Renegotiation with PLUS highways in 2010 and with LDP Highways by 2013.

Propose that all concession agreements would proceed without subsidies, resulting in a toll hike of between 10-67 percent for 2010.

Gas

Gas price is increased by a fixed rate of RM3/MMBTU every six months from initial increase for power sector and non-power
sector.

Gas price increase of RM3/MMBTU every six months corresponds to an increase in electricity tariff of 1.6 sen/kWh every six months.

Electricity tariff for lifeline consumers (in 2010, less than 200 kWh) would not be increased. About 56 percent of households will not be affected in 2010.

Consumers with a monthly bill of 20 ringgit and below will continue to get free electricity until Dec 2010.

Strategic industries will be protected initially.

Inflationary impact

* Estimated impact on inflation:

- A 5 percent increase in petrol prices would result in a 0.4 percentaage points rise in the consumer price index.

- A 10 percent increase would cause the CPI to go up by 0.82 percentage points. Fuel represents 7.7 percent of the CPI basket.

Total savings

* In 2010, government will save about RM3 billion. In 2011, RM14 billion, RM21 billion in 2012, RM29.5 billion in 2013 and RM35 billion in 2014.

Source: Reuters via Malaysiakini

END OF ARTICLE.

That's all folks, thanks for having the time and patience to read this blog entry.

Porsche Recalls Every Single Panamera in The World

Porsche Recalls Every Single Panamera...on the Planet

Tuesday, April 27, 2010 
 

Porsche announced today that it will be recalling all of the Panameras it has sold to date due to a seatbelt issue. That's 11,324 cars.


The problem is that the front belts' mounts "could fail when the front seats are adjusted in an extreme forward position."

With a target of 20,000 worldwide Panamera sales, and the recent announcement of a 300-horsepower V6 model, I'm willing to bet this won't hurt the company's goal too badly.

So far no accidents or injuries have been reported.

By Phil Alex
Via: News
End of Article.  SOURCE:
http://carscoop.blogspot.com/2010/04/porsche-recalls-every-single-panameraon.html

That's all folks, thanks for having the time and patience to read this blog entry.

TRUE STORY: I Sold Everything for a Lamborghini And Drive Across USA

I Sold Everything To Buy A Lamborghini And Drive Across The Country

I Sold Everything To Buy A Lamborghini And Drive Across The CountryRichard Jordan had everything he was told to want: cars, a new house, and a fiancee. Then his fiancee left him. So he sold everything, bought a Lamborghini Gallardo and set out across America. This is his amazing story.
This is a love story, but not a conventional one. Sure, there's a woman. There always is. But it's when the woman split that the real romance began. This is the story of Richard Jordan, a man who lost love and then found it again in an exotic Italian sports car and the open American road. Jordan's journey would take him across the country and back again multiple times as he racked up nearly 100,000 miles on a car so expensive, most owners rarely drive at all.

Independence Day

I Sold Everything To Buy A Lamborghini And Drive Across The CountryIt was early 2006 and Richard's version of the American Dream lay crumbling at his feet. After giving his girlfriend of five years a ring and a house in suburban North Texas — purchased with the proceeds from selling his business, his old house and a few of his cars — she left him.
"I bought us the house and planned on moving in and, as soon as I did, she left," explains Richard. "So I got stuck in a house I didn't want, in an area I didn't want to be in... it was kind of emotionally traumatic. So I bought the car and wandered around."
It wasn't actually as easy as that. No one wanted to buy his new house so he was stuck with it. It took him months to sell the rest of his possessions and he used this money to afford a $75,000 down payment on a Lamborghini Gallardo — one of the most expensive vehicles on the market.
The Gallardo is named for a famous Spanish bull and unleashes a massive 512 HP through its mid-mounted V10. Its sharp looks hint at the performance: 0-to-60 mph in just 4.0 seconds with a top speed of 195 mph for the model Jordan purchased. The price? A steep $180,000 at the time of purchase.
After locating the right model and arranging the financing he picked up his black Lamborghini Gallardo Coupe from Lamborghini of Ohio. The date? July 4th, 2006.
Independence Day was an almost intentionally ironic choice, as he picked that day to separate from everything he'd created but now no longer wanted, including the house.
"I'd become a prisoner to my house, to everything, to my fantasy of an American Dream or anything I could remotely call home."

"I'm Not Moby"

With one of the fastest cars in the world but nowhere to take it, Jordan just started driving. For more than a year he wandered from place to place, living in motels and making new friends. He'd cross the United States three times and make trips from Ohio to Colorado to Texas to North Carolina on just a night's rest.
"It was just a feeling that I didn't really have a home, there was no place to safely be but the Lambo. That was the one thing that felt like it worked for me."
I Sold Everything To Buy A Lamborghini And Drive Across The Country
He visited the ghost towns and big cities and retraced childhood trips. As soon as he'd settle down somewhere he'd get the itch to move and pack up to drive somewhere else. He had trouble paying for the house in Dallas — his one remaining possession he couldn't shake — and was burning through what cash he had to afford gas. He almost lost the house numerous times.
"I have a few hundred grand against me, I don't like debt, but I'm used to it," Richard says. "I've accumulated a lot and paid it back several times in my life."
His wanderings yielded as much joy and humor as they did introspection and isolation, including a trip to strip club in Ohio where Richard, then 32, was mistaken for Moby by an a waitress who was convinced he was the musician because of his shaved head, glasses and fancy car.
"This girl comes up and was a waitress and she's like 'You're Moby, aren't you?' and I said 'I'll be anyone you want me to be,' and she took it as 'I'm Moby.'"
Richard is not Moby, but he's also not completely against accepting free bottles of champagne when offered.
"It was just ridiculous, the manager's like kissing my butt, I maybe spent $100 the whole night and it was just really, really silly and absurd."

"It was just like The Blues Brothers!"

I Sold Everything To Buy A Lamborghini And Drive Across The Country
Driving across the country in a Lamborghini means occasionally driving above the speed limit. Richard's honest about his desire to go fast and has a drawer full of 53 tickets to prove it. But it wasn't speed, exactly, that landed him in the handcuffs of an Indiana State Trooper.
Though generally jumping from hotel room to hotel room, Richard did have family responsibilities like serving as the best man in his cousin's wedding. While en route to the wedding he was stopped for speeding but ran afoul of the Indiana State Police and suddenly found himself staring down the highway at a roadblock.
Because his car's registration was one-day expired the troops were able to search the car and found a handgun.
"I don't travel without guns, I've been in too many situations so I always carry one or two guns with me," Richard says. "A car like that is an assault on the senses, and you could be in a decent area and just be barraged by people and you never knew who you're dealing with."
At first he didn't grasp the gravity of the situation — the police thought he was moving drugs — so his calm demeanor and jokes about hating the town he was in and a general Blues Brothers schtick didn't go over well. They kept him in the back of a squad car for four hours, eventually releasing him on his own recognizance when they realized they weren't able to drive the car on the back of a flatbed without his help.
He eventually got the car back and the charges settled, but the whole endeavor cost him $25,000 in fines, travel, and legal fees.

91,807 Miles

I Sold Everything To Buy A Lamborghini And Drive Across The Country
Most people don't use their expensive cars as daily drivers exactly because they're so expensive. The highest mileage of any Lamborghini Gallardo for sale on eBay Motors is 38,835 for a 2004 model, but the majority of vehicles are below 10,000 miles.

In his trips across the country Richard managed 91,807 miles.

"I can't afford to buy something like that and drive it on the weekend," Richard explains. "The difference between being materialistic and not is when you use what you have."
For him, it's a better value to drive it given the immediate drop in value for a used Lamborghini. It's even strange for him that others think otherwise.
"No one is concerned with anything as long as Starbucks and the mall is open. It baffles me. It overwhelms me actually. You can have something that's as extreme as a Lamborghini — that's perfect in a sense — and it has no value once you use it."
All that driving does have a price and now the car has even less value. After all the hard driving and long miles, the timing chain stretched, crunching the valves and turning the car into an exotic and expensive paperweight. The car is now worth less than he owes on it and the bank refuses to grant him another loan.
"For me, it's wasteful not to use it. That's anything. It doesn't matter if it's a fucking dishwasher," says Richard. "That's not really socially acceptable. It's not the way we're programmed... most people don't live like I do. I'd eat ramen noodles to pay for gasoline, just to avoid the monotony of being stuck in four walls."
Considering the traumatic experience that led him to buy the car, its destruction doesn't seem to burden him too much.
"It worked everyday, it worked like it was supposed to, it never broke down," Richard assures me. "It exceeded all my expectations."
He's using his sudden lack of transportation not as the end of one journey but as the start of a new one, setting up a shop in Dallas where he plans to build custom motorcycles and superbikes. He has plans to repair the engine or swap in a new one once he can afford it, but for now it makes an interesting sculpture to show friends and prospective customers in the main room of his new office. Richard's also met a girl, but he's trying to take it one step at a time.
His Lamborghini may no longer run, but Richard doesn't regret the decisions he's made. He adopts a zen-like tone that clashes with his mohawk while explaining how lucky he was to be able to leave everything behind and experience something many fantasize about but almost no one has the balls to actually do.
"You're never going to live up to anyone's expectations, so you might as well live up to your own and for me that's to be as free as you can. And if money doesn't buy you freedom then it's useless."
We couldn't agree more.
I Sold Everything To Buy A Lamborghini And Drive Across The Country




End of a TRUE STORY.  That's all folks, thanks for having the time and patience to read this blog entry.


SOURCE:
http://jalopnik.com/5559767/i-sold-everything-to-buy-a-lamborghini-and-drive-across-the-country?skyline=true&s=i

Senin, 14 Juni 2010

ARTICLE: Alloy vs Steel rims...

by Kyle Waller
Cars + Trucks
Alloy vs. Steel Wheel Rims

The Right Rims  

Drivers must always keep the upkeep of their tires and rims in mind.  Demands for great quality rims as well as a market trend for appealing alloy and chrome rims are constantly changing.  While the battle between alloy and steel rims goes on, here is a brief description of both that will give you a better idea of what drivers use where the car meets the road.


Alloy  

Nothing looks better on a new car than a set of alloy wheels.  The shiny finish and unnoticed tires give a sleek and polished look to any car.  Unfortunately, nothing is more vulnerable to theft, abuse and wear and tear from the road than a set of alloy wheels and thin tires.  According to the LA Times Auto, a pounding from a pothole can bend a rim or chink off a few inches of the rim lip.  Other problems arise when parking too close to the curb.  Driving up on a curb will easily scratch these thousand dollar rims.  A driver can replace the damaged wheel with an identical design, pick up one that doesn’t match, buy an entire new set of wheels or repair the damaged wheel.



Buying a rim that doesn’t match the others is tacky and should never be done unless you’re going for the two-and two look in which case you still have to match at least one other rim.  There are, however, some repair companies that specialize in restoring any damaged alloy wheel back to excellent quality.



Transwheel Corp, which describes itself as the largest alloy repair vendor in the United States, handles more than 150,000 wheel repairs annually, according to its website.  The cost ranges from $130 to $300 per wheel depending on various qualities such as type, size and year.  Under company guidelines, they will remove up to 20 thousandths of an inch of material in a resurfacing repair.



Steel rims

Although alloy rims have become the craze, steel wheels are still dependable when it comes to vehicle maintenance.  During the year, wheels are subject to much damage and abuse by road conditions and weather.  Steel wheels do much better in the winter season than alloy rims.  They also meet the basic needs of drivers who want the convenience of a winter tire package without the additional cost of an alloy wheel, according to TireRack.com.  

Also, while many must paint their alloy rims after purchase, steel wheels are not the most fashionable and are therefore available in black or silver finish and basic styling can be updated with wheel covers.  On the negative side, steel is not a good conductor of heat, so the heat is usually focused on the brakes, which means the brake system will have to be maintained much more frequently.



While alloy wheels are fragile and inconvenient when damaged, steel wheels cost less due to high manufacturing and low material costs.  Although steel wheels can be heavier than alloy wheels, most of these wheels are actually smaller than their alloy counterparts.



The Faceoff  

Alloy rims are simply a complement to the appearance of a vehicle while steel rims are meant for durability.  Cheap alloy rims are not corrosion resistant and can be easily damaged by crushed stones, road conditions and road salt during the winter months.  This is why manufacturers and suppliers have recently begun offering special winter rims that are highly impact and scratch resistant.  Steel wheels can weigh down the car, depending on the style and can cause brake damage due to the heat buildup.



So if you’re looking for what’s trendy and in style, alloy rims may be the choice for you provided you keep them clean and safe.  If you just want your car to be free to move, steel is the best choice, but you’ll have a less attractive car and some not-so-shiny wheels.


END OF SOURCE:
http://www.driversense.com/driversense/story_ss/314#

THAT'S ALL FOLKS...  Thanks for having the time and patience to read this blog entry.














Selasa, 08 Juni 2010

300th post: ARTICLE: Proton: LOTUS NOT FOR SALE

Proton: Lotus not for sale at this point in time!


With some reports claiming that Proton will offload 40% of wholly-owned subsidiary Lotus to the British brand’s management team, Proton Holdings Bhd has reiterated that Lotus Group International Ltd is not for sale at this point in time. The national carmaker said this in a filing to Bursa Malaysia.

Proton said that it had over the years received several unsolicited offers for a stake in Lotus and had taken cognisance of such offers. The statement added that Lotus would continue to be a strategic entity within Proton and its technology catalyst. However, as a proactive business entity, it said Proton would continue to initiate and consider viable business opportunities and arrangements which would benefit and add value to the group’s interests.

Proton would make relevant announcements at an appropriate time, the statement added. Notice that Lotus is not for sale only “at this point in time” which could also mean that a sale might be considered later on. That’s just pure speculation of course, but should the engineering experts be on the market, there will be no shortage of takers.

Meanwhile, Lotus is set for a brand relaunch, which could be presented at the Paris Motor Show in October. The maker of the Elise and Evora has hired McCann Erickson Central to create a new brand identity, “web solutions” for both Lotus Cars and Lotus Engineering, support materials, a new brochure suite and support for the Paris launch.

SOURCE:
http://paultan.org/2010/06/09/proton-lotus-not-for-sale-at-this-point-in-time/

Selling a Car: How to write a Used car ad?




WHATCAR? Selling A Car - Wording a car advert

12 February 2007 
selling your car
Wording your advert the right way will draw the buyers in. Get it wrong and you could be left sitting by the phone waiting for it to ring.

• Include all the relevant information but be precise, accurate, honest and avoid cliches such as 'first to see will buy', or 'one careful lady owner', Also, avoid these: "No timewasters"...

• List the exact model, its year of registration and plate number (eg 1999/V), mileage (78,400 miles not 78k), whether it has a full service history, colour (in plain English), number of owners (if it's low for the age of your car), list of equipment/features, price, colour photograph and contact details.

• If you're selling online with somewhere such as eBay, you'll obviously have more space, but keeping it short and sweet should still pay dividends so long as you include all the relevant details. There's more scope for pictures online too, so take advantage.

• Avoid abbreviations. It's easy to scan over them and many buyers won't know what they mean. If you really have to reduce the cost of an advert, stick to the most common abbreviations such as FSH (full service history), PAS (power-assisted steering), AC (air-conditioning), EW (electric windows), RCL (remote/central locking), ONO (or nearest offer), VGC (very/good condition).

SOURCE:
1) http://www.whatcar.com/car-advice/selling/wording-a-car-advert/3141796 

Minggu, 06 Juni 2010

ARTICLE: Proton-VW deal off...

Proton-VW deal off, new directors to come in

May 28, 2010

KUALA LUMPUR, May 28 — Proton and German auto giant Volkswagen AG (VW) will not get into a partnership, contrary to speculation, but the national car maker is going ahead to appoint new directors to further its business abroad.

Sources told The Malaysian Insider today that Proton chairman Datuk Mohd Nadzmi Salleh will soon announce an end to talks for a tie-up with the German company. Speculation that Proton will strike a deal with VW has been growing after several years on the backburner when two previous attempts failed.

“The deal is off,” a source told The Malaysian Insider today.

Shares of Proton rose 27 sen to hit an intra-day high of RM4.71 but later settled to close RM4.67, a 5.18 per cent increase, yesterday after news of a possible tie-up with Germany’s Volksawagen AG. The market is closed today due to the Wesak celebrations.

Nadzmi said on Tuesday that there would be an announcement in the next two weeks but did not specify what that would be and noted that Proton did not need to form a tie-up.
“Hence, we do not rule out that for the time being, the anticipated tie-up may only be limited to contract assembly or a re-badging of the Passat as the Perdana replacement,” investment bank OSK said yesterday.

It is understood that VW would like to focus on its recent acquisitions — a stake in Japanese car maker Suzuki and its take over of sports and luxury car maker Porsche.

Proton also told Bursa Malaysia yesterday that independent non-executive directors Abdul Kadir Md Kassim and Oh Kim Sun had resigned from the board. It is understood that there could be a couple more resignations to pave way for new directors linked to the car maker’s business ambitions.

Oh is the Proton audit committee chairman while Abdul Kadir sits on the same committee.
The audit committee will now comprise current directors Datuk Michael Lim Heen Peok, Datuk Zalekha Hassan and Behara Venkata Rama Subbu, Proton said in a filing to the bourse.
Sources said the new directors will be able to further the company’s ambitions of going global, an idea that has been dampened by the lack of tie-ups with an international strategic partner.
Malaysian media had reported earlier this year that Proton was in ‘‘intense discussions’’ with global original equipment manufacturers on different types of collaboration.

Managing director Datuk Syed Zainal Abidin Salleh Mohamed Tahir said Proton was talking not only with VW but also with Mitsubishi and Renault for collaboration in engine and products.
In March, it was reported that PSA Peugeot Citroen and Mitsubishi Motors Corp ended talks about an equity tie-up and would instead concentrate on broadening their five-year partnership.
“Peugeot decided against buying a stake in Mitsubishi partly because of concerns that the plan would damage the French company’s debt ratings.

“What they could do is acquire a smaller company, such as Proton,” an analyst was quoted as saying by The Star today.

The national car maker, founded in 1983, has seen its shares trade between RM2.53 and RM5.03 in the last 52 weeks, rising RM1.63 to RM4.67 yesterday, a 53.62 per cent increase in the same period.

END OF SOURCE:

SOURCE: http://www.themalaysianinsider.com/business/article/proton-vw-deal-off-new-directors-to-come-in/

That's all folks, thanks for having the time and patience to read this blog entry...