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FPR9
4-cylinder Member
142 Posts |
 Posted - 26/05/2006 : 09:55:33 AM
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| Hey, I read in the papers the other day and on Paul Tan's blog that UMWT will be producing cars in Malaysia in the near future. The article said it is because of the sales volume in Malaysia is now large enough to justify such in investment in mafufacturing capability. They are targeting 60% local content which will definately make thier products very competetive price wise. Is this a trend to be followed by others? If so, it looks like there is hope for the car buying public after all... |
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Chips
Administrator
Malaysia
21992 Posts |
Posted - 26/05/2006 : 10:02:23 AM
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This is actually a misquote and the MD of UMWT is upset about it. The reporter who asked him the question did not understand his answer.
There is no plan to manufacture a Toyota model in Malaysia, if manufacture means making the entire car from stamping steel sheet panels like Proton and Perodua do. However, Toyota will designate Malaysia as one of the countries to assemble certain models for distribution around Asean.
To manufacture a whole car requires a very big investment in the stamping machines and only when you have volumes like Proton and Perodua can you do it. So unfortunately because of Malaysia's foot-dragging on policies, the Japanese put their biggest investments into Thailand and Indonesia where their factories have the stamping machines.
And to ensure that they get economies of scale, they are already exporting their vehicles beyond Asean: Honda exports the City to Japan and some other countries, Ford exports its Everest/Ranger worldwide and Toyota is making Hiluxes in Thailand for worldwide supply.
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Chips |
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FPR9
4-cylinder Member
142 Posts |
Posted - 26/05/2006 : 10:28:35 AM
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| Gosh, how can one misinterprate that and report it in a national daily? But yes, this is disapointing news indeed. |
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flee
V12 Member
Malaysia
4076 Posts |
Posted - 26/05/2006 : 11:30:01 AM
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It just shows you how well Malaysian newspaper journos understand our motor industry... I suspect that it meant more localised components for the CKD models.
Perhaps, UMW Toyota might want to assemble the Avanza themselves as Perodua might need the capacity to manufacture their own cars. |
Regards,
FLee
Visit the unofficial TOCM website: http://www.micronet-solutions.com/ToyotaClub/
TOCM & Avanza Forums: http://www.micronet-solutions.com/TOCM/ |
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Chips
Administrator
Malaysia
21992 Posts |
Posted - 26/05/2006 : 4:09:46 PM
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What Toyota (and some other companies) wants to do is to spread out production among the Asean countries. This means they will assemble certain models in each country for distribution around the region; that is the idea in having AFTA.
Only a few of the factories can be big enough to do full-scale manufacturing because you still need big volumes and Toyota, being a global player, can supply certain other markets from its Asean factories too, thereby boosting production. But it still wants some clear policies from governments to plan ahead.
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Chips |
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rikeys
V6 Member
Malaysia
313 Posts |
Posted - 26/05/2006 : 6:59:01 PM
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| wah at KLIMS also still can reply.... I'm impressed! |
HAPPY NEW YEAR 2008!
Long Live MT NMT...
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rexis
V6 Member
Malaysia
395 Posts |
Posted - 29/05/2006 : 09:22:35 AM
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Really a big misquote. I was wondering wah this UMW/Toyota so willing to take the risk to invest in Malaysia? Dispite all the non-sense policy.
P1 legacy goes on. |
1Msia? 1Joke.
What reduce emission, we are cutting it completely with electric vehicles!
"Take Care of your car, and your car will take care of you." - Frank Martin, Transporter 3 |
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padebembey
V8 Member
Malaysia
501 Posts |
Posted - 29/05/2006 : 8:14:14 PM
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Why the MD is so upset about the misquote? Would that affect UMWT ptofit or loss? Or effect on stock price?
If no effect, then the MD should be more matured and just call another teleconference to correct the statement. |
Buy a car with space you need and price you can afford. Dont let emotion take over your brain. Good site: www.thedeenshow.com www.thisistruth.org |
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Chips
Administrator
Malaysia
21992 Posts |
Posted - 29/05/2006 : 10:04:17 PM
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It's not about the company's stock price. UMW is not like Proton where such remarks will send its value soaring.
He was upset because the Japanese will be puzzled why he said such a thing when there is no such plan. Then he has to explain that he was misquoted and of course, that also reflects poorly on Malaysian media.
Maybe sometimes, though I get irritated, it is also understandable why Malaysian CEOs are reluctant to talk too much to the local media. When they try to be open, they will get misquoted and have more problems so it is better to just keep quiet. It become even more sensitive when the CEO heads a public-listed company; if he makes some statement about investment and the SC has not been informed, right away they will send him a letter asking him to explain his statement.
You can go to the SC website and read through all the company notices for companies like EON and Proton and see how they are called upon to explain certain statements that appear in the press, many of which are speculatory but which can affect their share prices.
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Chips |
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flee
V12 Member
Malaysia
4076 Posts |
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Chips
Administrator
Malaysia
21992 Posts |
Posted - 30/05/2006 : 10:42:55 AM
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But you see, in Malaysia, our reporters have this 'strategy' whereby they will not ask the 'best' questions during the press conference. What often happens is that when the conference is declared ended... they then rush up to the panel members and start to ask the questions! This is because each reporter tries to get an exclusive comment and doesn't want it heard by the others.
This usually surprises foreigners who expect that when the PC is over, they can leave the room but find that they are detained for another 30 minutes answering questions which could have been asked during the session.
It is especially difficult for the Japanese due to language differences and they often have an interpreter around. That is why their PR people will quickly move them off before they can be approached by the press.
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UMW Toyota to manufacture in Malaysia
