--------------------The results of the NAP review were revealed this morning. The following are the updates I’ve been getting so far, this post will be updated as I get more information.
- A total of 18 new policies and measures covering licencing, duties, incentives, technology and environment, safety and standards and APs to be effective January 1st 2010.
- Open AP system to be scrapped by December 31 2015.
Whoever said AP's were free???Ap's currently cost between Rm35-40k.They were issued 'free' to benefit certain 'people'.
- AP holders will be audited twice a year.
- A gazetted Customs pricelist for used CBU cars to be established to supplement the current list of new CBU cars. This will be used to prevent underdeclaration of grey import vehicles by declaring then as “used” instead of new in order to manipulate the price, as the gazetted pricelist is currently only for new vehicles.
Damn!Compare what we pay on the road to what the 'landed' price.What I been told by Recon car dealersdunno if this is true) is that Japan dont ship new unregistered cars.
- A large chunk of the RM300 million expected to be collected from the RM10,000 per Open AP fee to be used to develop the auto industry and increase Bumiputra entrepreneurship participation in the auto industry.
- Import duty on CBU & CKD cars maintained.
- Import of used parts to stop in June 2011 (what???).
Go bloody regulate the insurance companies,do they pay you for new parts?
- Incentives and exemptions will be increased to develop local auto parts.
- Franchise APs to be terminated by December 31 2020.
- Foreign firms can apply for manufacturing licenses to hold 100% shares in firms to produce vehicles with engine capacity of larger than 1,800cc and costing more than RM150,000. This will open up the upper end of the market while keeping the lower end where Proton and Perodua are protected.
GM,Ford and Chrysler all going or gone;fighting for their own survival;still want to set up manufacturing plant now????TOO LITTLE TOO LATE.Without recon parts;methinks even Proton cars will be less in demand.Current demand because of 'wiralution' and wajalution'
- Issuance of new Manufacturing License to be unfrozen for selected segments – hybrid and electric vehicles, pick-up trucks, commercial vehicles and motorcycles with engine capacity of 200cc and above.
- Vehicles 15 years and older will have to be tested for roadworthiness; provisions to be made for vintage cars.
How they gonna implement this??All the datuks and VIPS can get their Rolls Royce;Ferrari's and porsche's classified as vintage else trade in for Savvy or Myvi.
- A new strategic partnership between Proton and an established manufacturer will be established.
---------- Post added at 03:09 PM ---------- Previous post was at 03:06 PM ----------
Chop Shop parts gonna FLY another higher round squeezing the final few rounds of months left over for us to do our purchase i guess. ^-^
After that, we have to force to beli barang baru... :D Fuiyo!~~ I guess Wing Hing gonna make a huge profit for sure...
and AP gets declared another 5 more years... What a cool move...
:) I guess we haven't teach this little Atas-Atasan a lesson good enough... maybe next year onwards, we be seing lots of old monster car start to come out and runs like mad track car due to no more license, renewal & spare parts for them. :)
KUALA LUMPUR, Oct 28 (Bernama) -- Foreign firms will be given manufacturing licenses to hold 100 per cent equity in firms which produce luxury vehicles with an engine capacity of more than 1,800 cc and costing more than RM150,000 while the controversial Approved Permits (AP) system will be scrapped in 2015 under the review of the National Automotive Policy announced Wednesday.
Incentives and exemptions will be increased to develop local auto parts so that there would no longer be parts imports by 18 months' time, a move which help do away with imported and used spare parts outfits.
If its economically viable to do so;current local autoparts makers would have done it.Yet Proton squeezes their suppliers so much that if a proton is exported the supplier is technically subsidising part of it.All talk! can you imagine say HKS or TOM's OR AMG really want to set up shop here.Especially in this current economic climate.Also drop any duties whatsoever on new parts.
He said that the review was undertaken after extensive discussions with industry players including manufacturers, assemblers, auto parts makers, non-governmental organisation as well as car associations.
Which car association????
Mustapa said that there were 18 new policies and measures covering licencing, duties, incentives, technology and environment, safety and standards and APs introduced under the NAP review.
New policies and measures would be effective from Jan 1, 2010.
Under the new measures new strategic partnership between Proton and a global established Original Equipment Manufacturer (OEM) will be established.
Currently, Proton is in talks to establish strategic partnership with international partners.
"Up to now, Proton has yet to find a strategic partner," he said.
Elaborating on APs, he said the AP system for imports of CBU vehicles will be terminated whereby open APs for used vehicles will be terminated by December 31, 2015, which means importation of used vehicles using the AP permit would no longer be allowed after 2015.
N**a rich already and now diversifying.
"No new applications for open APs will be considered and franchise APs will be terminated by Dec 31, 2020," he said.
Mustapa said as part of ongoing efforts to help Bumiputera entrepreneurs in the automotive industry, a Fund for Bumiputera Development will also be established.
Besides this, he said that a charge of RM10,000 for each open AP will be introduced as announced in the 2010 budget last week whereby under current status, APs are issued for free.
A fund will be established to assist Bumiputera companies venturing into the automotive and other related businesses, he said.
The government would also introduce a mechanism to prohibit the import of used parts and components effective June 2011, said Mustapa.:stupid::stupid:
Currently, imports of new and used parts and components were allowed without any restrictions and might in some cases affect safety and environment, he said.
A new measure under the review of the NAP is the establishment of a gazzetted price for imported used CBU motor vehicles by the Royal Customs, a move designed to stop the under-declaration of imported used-cars and abuse of the AP system.
Currently only prices for new imported CBU motor vehicles are gazetted for the purpose of duty compilation, he said.
Mustapa also said that the review would maintain the freeze on manufacturing licences (ML) for rebuilt activities.
"At the moment, new ML for rebuilt activities is frozen," he said.
When other countries retaliate;can we really export?
-- BERNAMA
---------- Post added at 12:19 PM ---------- Previous post was at 12:02 PM ----------
Here is the link to MITI; perhaps all forumers should write in to them(maybe refrain from the 4 letter words) and tell them what you all think(jam their site!!!)
Email:[email protected]
---------- Post added at 12:19 PM ---------- Previous post was at 12:19 PM ----------
Here is the link to MITI; perhaps all forumers should write in to them(maybe refrain from the 4 letter words) and tell them what you all think(jam their site!!!)
Email:[email protected]
---------- Post added at 12:20 PM ---------- Previous post was at 12:19 PM ----------
Here is the link to MITI; perhaps all forumers should write in to them(maybe refrain from the 4 letter words) and tell them what you all think(jam their site!!!)
Email:[email protected]
---------- Post added at 12:20 PM ---------- Previous post was at 12:20 PM ----------
Here is the link to MITI; perhaps all forumers should write in to them(maybe refrain from the 4 letter words) and tell them what you all think(jam their site!!!)
Email:[email protected]
