1.0 COMPANY BACKGROUND 1.1 Tan Chong Motor Holdings Bhd Tan Chong Motor Holdings Berhad (TCMH) was incorporated in Malaysia on 14 October 1972. From its humble beginning as the distributor of small motor vehicles back in the 1950s, TCMH Group is today one of the largest national conglomerates involved in many business activities from the assembly and marketing of motor vehicles and auto parts manufacturing to property development as well as trading in various heavy machineries, industrial equipment and consumer products-both locally and abroad. As part of a restructuring exercise to strengthen the company’s foothold as an industry major player in 1998 various business interests of TCMH abroad were eventually demerged and subsequently listed …show more content…
This is due to the support from the media and also the programme that the company has sponsored. On top of that, the achievement was also due to the contribution from Nissan product such as Almera which is being most preferable sedan choice for automotive consumers. ETCM also has a very eligible and good executive who is running their business. Their executive director has been named as “Automotive Man of the Year 2009”. This very high capable human capital helps this company to compete with other bigger competitors. Tan Chong Motor also now increases their assembly capacity by opened new assembly plant in Serendah, Selangor. This plant helps to cover an increasing demand from local consumers and also overseas consumers. Recently, they also record their best financial performance compared to the five year behind. In 2013, they recorded their best Gross dividend, return on asset, return on invested capital, and return on shareholder equity. Nissan has also recently introduced their fuel efficient engine and also their first electric car. Nissan’s achievement makes their product more attractive. Nissan Leaf which uses electric power will be a good selling product in the
The Nissan Leaf is a Zero-Emission electric vehicle manufactured by Nissan and was launched in Japan, the USA and Europe on August 2, 2009, (Mulcahy, 2013) though it has been a proponent of green technologies since after the Second World War and the oil price fluctuations. However, until 2012, only seven, of their more than 20 introduced concepts, went into production and only one, Nissan Leaf was successful. The car is sold in over 15 countries and has received many awards for excellence and Nissan claims that the car is over 90% recyclable. (Dekhordi, Yonekura and Kohnepushi, 2013)
Electric vehicles began taking the market by storm when Nissan introduced its mass-production Leaf model in 2011. Since then, nearly every manufacturer has brought its own EV to the market. The future appears bright for EVs, especially as engineering improvements make them more efficient and cost-effective. That said, we will examine the good, the bad and the ugly of electric vehicles to help you make an informed decision about this emerging technology.
In general, the company had a good fiscal year. It improved its ability to generate profit. All of the main
Tesla electric vehicles from Tesla Motors are gaining a reputation as the cars of the future. These models are not only known for their luxury features, acceleration, power, and nearly silent electric engines, but also for their green appeal. Individuals who can afford the hefty price tag are purchasing these vehicles because they are classy, fun to drive, and better for the environment than the standard gasoline car. Tesla Motors are leading the way in innovation in the American car industry with their Tesla electric models.
The United States of America is one of the biggest automobile markets in the world. This trend has also created awareness for environmentalist to bring attention to rising level of pollution and emission within the cities and metropolis. As response, the U.S. Government is encouraging the automobile manufacturers to produce clean and renewable alternative vehicles that will drastically reduce pollution and emission. Subsequently, the automobile industry has witnessed a gradual introduction of environmental friendly vehicles that use clean and renewable energy to encourage less pollution and safer environment. The manufactures of these vehicles have introduced into the market three categories of electric passenger car
"They have an excellent management team, an excellent strategy. They communicate well with shareholders. They hold themselves to a high degree of transparency. There are other company-specific things that they do well. They have very strong margins, returns and they seem very disciplined at maintaining those margins and returns. Generally speaking that should make for a good investment."
Honda has continued to embrace the changes that happen around its operations to ensure sustainability and profitability. The current global motorcycle manufacturing sector is full of competition. It, therefore, becomes crucial for every manufacturer to evaluate their strengths and weaknesses and then identify the opportunities to exploit to gain competitive advantage. Honda is Japanese based automobile company; it has numerous subsidiaries in Asia, Europe, and North America. Due to the advancements in technology, Honda will be required to make use of the latest technological trends to stay competitive. The business level strategy at Honda is in line with its enterprise and corporate strategy. The corporation also conducts Research and
They has been pioneer in car industry and in the following years will be the same and focused on coming out on top in option fuel propulsion.They need to be driving merchant inside of the
Tesla has sold a bit more than 1,000 high-stop electric powered sports automobiles and plans to offer a decrease-priced sedan inside the next few years. Nissan has its Leaf, and Ford aims to go into the marketplace with an all-electric powered recognition in 2012. general vehicles Co. will soon promote its component-electric Volt.
The third reason why good-to-great companies outperform, is they do not cover up the bad news (confront the brutal facts). Nobody likes to hear the bad news, but we have to facing it and take reaction about it. Furthermore all good to great
CEO of Chatime Malaysia, Bryan Loo who are successfully brought this franchise over from Taiwan. He also won an award which is ‘Ernst and Young Emerging Entrepreneur of The Year 2013 Malaysia Awards’.
Tesla Motors Inc. was founded in 2003 by a group of engineers, one of whom is now the current CEO, Elon Musk. The company was founded on the ideals of not having to compromise to drive electric. These vehicles would be “better, quicker and more fun to drive than gasoline cars” (About Tesla). Tesla launched its first car in 2008, the Tesla Roadster. It is known as the first car to use a lithium-ion battery and revealed Tesla’s cutting-edge electric powertrain. Since then, Tesla has been able to expand with the Model S, Model X, and Model 3 (that has just begun production this year). Not only do they build electric cars but have expanded into scalable clean energy generation, storage products, and charging stations.
It has made its name in the global market and has given a good competition to other companies in automobile sector.
The main strength of the Geely Automotive Holdings, Ltd. is their focused research and development initiatives. They invest roughly “10% of their annual sales revenue (which is significant when compared to Toyota’s 5% investment)” in research and development and focus much of their company’s efforts on their Geely Automobile Research School and the Geely Engine Research School (Dess, Lumpkin, and Eisner, 2010). These schools allow them to make improvements pertaining to gas efficiency (a huge competitive advantage in the U.S. and European markets), the meeting of EPA standards, design innovation, as well as feature innovations. These are all important things to consider for any company in the automotive
Today Tata Motors ranks as the world’s fifth-largest manufacturer of medium and heavy trucks—it has a 61 percent domestic market share in this segment—and has taken the number-two position for sales of passenger vehicles in the Indian market. It has also built a significant global presence, both through sales efforts in overseas markets (such as the former Soviet republics, the Middle East, South Africa, South Asia, and Turkey) and through acquisitions such as the takeover of Daewoo’s commercial-vehicle business in South Korea and the purchase of a 21 percent stake in the Spanish bus