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With its motorbike-filled motorways, Vietnam has never been a country that’s been associated with the production of cars although it does have some assembly plants. But VinFast, Vietnam’s first domestic automotive manufacturer, is driving the charge to shift perceptions of the country from being a car assembly shop to a major automotive manufacturer.

In a new documentary, ‘Geared for the Future’, to be broadcast on Discovery Channel  [Astro Channel 551] at 8:05pm and Discovery Asia [Astro Channel 571] at 8:45 pm tomorrow night (Friday March 27), racing driver and car enthusiast Claire Jedrek, gets inside the action as VinFast sets its eyes to compete on the global automotive stage.

Vinfast A2.0

In this Discovery special, Claire speaks to experts and key industry players including Dr. Tran Đình Thien, member of the Economic Advisory Group of Vietnamese Prime Minister, motoring expert Keshvinder Singh Dhillon (Keshy) and Van Anh, Deputy CEO of VinFast, to uncover the story of Vietnam’s miracle growth and VinFast’s journey and goal of becoming the biggest automaker in Southeast Asia.

VinFast is fast proving itself as a major driving force after building Vietnam’s first homegrown car brand from scratch. In 2018, the company successfully launched its first car models within a span of just 2 years with an estimated investment of US$3.5 billion. It only took them 21 months to build a factory, complete car design, and start mass production – creating a record in the global automotive industry.

Vinfast factory

Discovery Channel Vinfast

Claire visited Southeast Asia’s first fully digital automotive factory, observing the state-of-the-art technology that gets the job done. She shares with viewers the challenges behind creating a car that would appeal to the Vietnamese people and, at the test track, puts a VinFast car to the test.

Discovery Channel Vinfast
PISTON.MY’s Keshy Dhillon and Claire Jedrek

Vinfast

These made-in-Vietnam cars may have just hit the market, but the company is ready to go full throttle. To date, the company has already received more than 17,000 orders from the domestic market. Its range will soon expand to include luxury cars, SUVs, electric motorbikes and buses which it plans to sell in other Southeast Asian markets and beyond.

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Since the outbreak of the COVID-19 coronavirus pandemic in China, Geely Auto has been proactive in finding ways to keep its customers safe from infection. Its engineers developed a virus-filtration system that is incorporated in the vehicle’s climate control system within 20 days and then the company also introduced a fully contactless sales process.


Related: Geely Auto develops cabin virus-filtering system


Complementing the contactless sales process (a proprietary online sales system), Geely Auto has also improved upon its contactless home delivery system which looks to directly deliver new vehicles to customers’ homes or place of work rather than collecting from dealerships.

Geely Drone

The new system will now use drones in select locations to pass new car keys to consumers by delivering directly to their door or balcony, furthering the distance between staff and consumer and creating a truly contactless process. This is especially important in these times when social distancing (being apart by one metre of more) is being emphasized.

Social distance

Since the platform was launched in February, some 10,000 consumers have ordered and paid for vehicles on Geely’s online mall with a further 110,000 users registering their interest to buy a Geely vehicle in the short term. All confirmed orders and confirmed leads are a sent to local dealers who process orders and begin the home delivery process.

All Geely Auto vehicles are thoroughly disinfected (including through ionization) by the dealership prior to delivery.

Geely ICON
New ICON crossover SUV

As part of Geely’s commitment to developing cars which are more hygienically clean, Geely Auto has set aside a 370 million RMB (about RM228,600) fund that will focus on the development of cleaner, healthier vehicles providing clean cabin air and using materials that are antimicrobial in nature. The first mass produced vehicle equipped with anti-bacterial filters, the ICON, was launched in late February 2020.

“Geely Auto’s constant change to market requirements and consumer concerns is the driving force behind Geely’s continued success in the Chinese market,” said Victor Yang, Vice-President of Geely Auto Sales Company.

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The Prime Minister has announced that the Movement Control Order (MC) will be extended a further two weeks until April 14, 2020. When first introduced on March 18, it was to have been until March 31, 2020 but the number of new COVID-19 cases is still not heading downwards. Up till noon today, the number of cases on record is 1,796, with 172 new cases being reported.

The PM made the announcement after discussions with the National Security Council “The government is of the opinion that the Movement Control Order should continue. The trend is expected to continue for a while before we can see the number of new cases reported decline.. In line with this, the government have decided to extend the MCO until April 14. I am informing you on the extension earlier so that the people can be prepared,” he said in a televised broadcast.

Advising Malaysians to be mentally and physically prepared to stay at home for a reasonably longer period of time, he said that those already in their hometowns need not return to Kuala Lumpur or other cities at the end of this week. In any case, under the MCO, there is a ban on interstate travel except with authorisation by the police.

Roadblock

The same restrictions apply and we should be glad that at least some movement is still permitted for people to go out and obtain essential items periodically. In some countries where there are lockdowns, the restrictions are stricter. You should only go out (one person per household) to buy the items needed and then return home immediately.

Supermarkets are allowed to remain open for business and restaurants can provide food for takeaway and deliveries. You can still get your nasi lemak and McDonalds or KFC using food delivery services such as Grab or Foodpanda. The PM gave assurance that food supplies are sufficient for everybody even though the MCO has been extended. So don’t buy more than necessary since you can go out again to resupply.


Related: How motorists can help to prevent the spread of COVID-19


Businesses that are non-essential will have to remain closed, posing a problem for small companies. The government has been looking at ways to provide relief to all sectors and for individuals and SMEs (Small & Medium Enterprises), Bank Negara Malaysia has directed that a moratorium be provided for loan repayment. This will be for 6 months from April 1 and during that time, vehicle owners who have H-P loans do not have to pay the instalments and will not get a late penalty charge.

We are not alone in this. In virtually every country around the world, governments are forced to take measures, some very severe, to fight the COVID-19 pandemic as numbers keep growing. Stay strong and stay at home to do your part in preventing the virus from spreading.

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BHPetrol RON95 Euro4M

These are tough times for everyone and conserving cash and savings is important because we don’t know how long this situation will continue. In a normal recession, there comes a time when it ends and the economy slowly picks up again but this time, this is not something to do with the economy. It’s a pandemic which has to be fought like a war and hopefully, mankind will win and defeat the enemy.

For those who have hire-purchase loans from banks for their vehicles, you would normally have to continue paying the monthly instalments. So a portion of the money you are trying to save for essentials still has to be set aside to meet this commitment, otherwise your vehicle gets repossessed.

Understanding the burden on many people, Bank Negara Malaysia (BNM) has directed all banks to automatically allow a 6-month moratorium on loans (ringgit-denominated) being serviced by individuals and SMEs (Small & Medium Enterprises) from April 1, 2020. This means that instalments for the months of April, May, June, July, August and September 2020 need not be paid as scheduled.

It does not mean that you get the 6 months deducted as you will have to resume paying from October onwards and your repayment period will end 6 months later than the original ending month.

You will not be charged any penalty for late payment during the 6 months but according to a BNM FAQ, the interest for the month will still be charged. So at the end of the loan term, you will have an extra amount to settle which was not present at the start when you took your loan.

If you have set monthly deductions from your bank account to pay instalments automatically, deductions will not be made during the period (but check with your bank to confirm).


Related: Click here to read the Bank Negara Malaysia FAQ on loan deferment


“Banking institutions should provide individuals and SME borrowers with adequate information on how the suspended loan/financing repayments/payments will be treated during the moratorium period,” BMM said.

From what we understand, no application is needed as the deferment will be automatic and is applicable to loans or financing that are not in arrears exceeding 90 days as at April 1, 2020. Credit card balances are not covered under this moratorium although it may be possible to discuss with your bank about rescheduling payments or converting to loans.

So you have some extra money in the coming months. Do spend it wisely on essentials and don’t  go on a ‘shopping trip’ online! If you do not wish to defer your instalments, you should notify your bank.

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BHPetrol RON95 Euro4M

Aston Martin has revealed further details of its in-house designed V6 engine, created initially for deployment in a new range of mid-engined sportscars, starting with the Valhalla from 2022. Codenamed TM01 – celebrating Aston Martin’s illustrious engineer of the 1950s and 1960s, Tadek Marek – the engine has already undergone a series of extensive testing sessions on the dyno, as the team make progress towards creating the luxury British brand’s first in-house designed engine since 1968.

New Aston Martin V6 engine

Confirmed today as a 3.0-litre turbocharged V6, the full powertrain will be electrified – an aspect that has been key to the engine’s development from day one. In parallel to the tests shown today, Aston Martin is developing a new range of hybrid systems that will ensure that the complete unit will become the most powerful in the Aston Martin range when on sale. The final power and torque figures for each application of this powertrain will be determined by the desired characteristics of each product it serves and confirmed at the time of launch.

New Aston Martin V6 Engine

Following the Valkyrie – the brand’s first mid-engined hypercar – many key learnings have been directly applied to this project. As a result, the decision to develop the engine with a ‘hot V’ structure was clear from the start, with the configuration allowing for this compact engine to weigh less than 200 kgs.

Aston Martin Valhalla
Aston Martin Valhalla

Higher engine speeds, in combination with the benefits of electrification, will offer the performance characteristics of a mid-engined sportscar on an extreme level. Naturally, the engine will be positioned directly behind the driver’s cabin and equipped with a dry sump system to guarantee the lowest possible centre of gravity. The system will also deliver exceptional lubrication performance during on-limit, high-speed cornering. Despite the overt nature of this powertrain, the engine is designed to meet all future emission requirements for Euro7.

“This project has been a great challenge from the start. Putting a team together to deliver what is going to be the future power of Aston Martin has been an honour. From the very beginning, we have had the freedom to explore and innovate in a way that we have not been able to do so in a very long time. Most importantly, we wanted to create something that is befitting of the TM01 nameplate and create something that would have impressed our predecessor and pioneering engineer, Tadek Marek,” said Joerg Ross, Powertrain Chief Engineer.

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