QUANG NAM (VNS) — The Truong Hai Automobile JSC (Thaco)has introduced the locally made new Kia Sorento at showrooms across the nation this month.
The Sport Utility Vehicle (SUV) is the second design released by the brand, which is being manufactured at the Thaco Kia Plant in the Truong Hai-Chu Lai Auto Complex in the central Quang Nam Province.
The Truong Hai Company has set aside a target to manufacture and assemble 36,500 vehicles, with a year-on-year increase of 34 per cent, including 16,200 trucks, 1,500 buses, and 18,800 passenger cars. — VNS
By Thu Thuy - The Saigon Times Daily HCMC - Truong Hai Auto Joint Stock Company has launched the first Kia Cerato Forte car assembled at its factory in central Vietnam. Since it debuted in Korea last year, the Kia Cerato Forte has been known as Cerato in Korea and Forte in foreign markets. More than 2,200 Cerato Forte units have been imported into Vietnam since March last year. Truong Hai Auto signed a cooperation deal with Korea's Hyundai - Kia Motors Group in April 2007 and has since built and run the factory in Quang Nam with total capital…... [read more]
HA NOI (VNS) - Truong Hai Auto Corporation reported a huge net profit of VND1.245 trillion (US$59 million) in the first half of this year. This is even higher than last year's profit of nearly VND1.140 trillion ($54 million). In the second quarter alone, Truong Hai Auto earned a pre-tax profit of VND743 billion ($35.2 million). After six months, the company has completed more than 67 per cent of its yearly profit target, according to a report on the Tri Thuc Tre website. Recovery of the auto market helped boost sales. According to a report by the Vietnam Automobile Manufacturers'…... [read more]
Singapore’s leading auto distributor Jardine Cycle & Carriage group (JC&C) became Truong Hai Auto Company’s strategic partner under an agreement signed in Ho Chi Minh City on August 21. Under the agreement, JC&C will hold a 20 percent of stake in Truong Hai Auto (Thaco) with total investment of 77 million USD, becoming the company’s largest shareholder. As a strategic partner, JC&C will help Thaco distribute cars in Vietnam and map out a development strategy to earn a place in the regional market. The two partners will also exchange staff, build up a joint distribution system with focus on tourism…... [read more]
Truong Hai Auto JSC (THACO) has officially opened the 7th showroom with Kia's international standards in Hai Phong on November 2. "Hai Phong is an important gateway ports of the Northeast, our sales in this area is growing, so we feel sorry for customers here because we do not build a showroom in accordance with international standards until this time to serve customers in the best way," Tran Ba Duong, president of Thaco said while attending the opening ceremony. Located at 336 Hanoi street, Hong Bang district in Hai Phong city. Kia Hai Phong Showroom will be the place to…... [read more]
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The Hanoi Times - In Hanoi, during the Vietnam Auto & Petrol 2009 Exhibition which is being held from October 28 to November 1, Thaco Truong Hai Group introduces two new cars to Vietnamese market including Cerato Koup and New Sorento. Containing the form of its sedan sibling New Cerato, but with unique features to create the right image of a coupe, Cerato Koup is equipped with new 2.0 liter Theta gasoline engine from Huyndai-Kia Corporation. Besides, it fully satisfies users advanced leading safety systems with dual airbags in front seats, anti-lock brakes systems (ABS), electronic stability program system (ESP-TCS)……... [read more]
On March 15th, 2014, Thaco Kia has officially introduced New Sorento 2014 at the Chu Lai - Truong Hai automobile engineering complex. The exterior of New Sorento 2014 is completely redesigned compared to the old version, with prominent lines on the body creating a unified sporty modern block. Grille was designed in harmony with the headlights as they are chrome-plated and thinned, thus adding distinction and elegance to New Sorento 2014 beautiful exterior. The fog light cluster received an additional light operate in accordance with the turn signal to signify the light for driver when turn or operate the car…... [read more]
As the 2018 deadline to remove tariffs on completely built cars imported from the ASEAN bloc looms, domestic auto manufacturers are banking on the possibility that the government will have some measures to control imports of completely built cars. "When there are sound development policies, including controlling imports of completely built cars and protecting domestic assembling and manufacturing industries, and when the domestic market is big enough, the automobile industry will bring huge economic, societal, and technological gains,” said Tran Ba Duong, chairman of the board of directors of Truong Hai Auto Corporation. In 2018, as part of its commitments…... [read more]
South Korea's Hyundai Motor Company has threatened to end a technology transfer agreement signed in 2011 for Truong Hai Auto Corporation to manufacture engines, because of the slow pace of construction of the Vietnamese firm's plant. The proposal was sent to the largest Vietnamese car-maker Truong Hai and Quang Nam People's Committee, where the Chu Lai-Truong Hai engine manufacturing project is situated, early this month. "After negotiations, representatives of Hyundai said the effective time of the technology transfer contract had expired and the delay of this project would affect their production and sales plans for the ASEAN market. Representatives from…... [read more]
DANANG - The authorities of Quang Nam Province and Truong Hai Auto Joint Stock Co. (Thaco) have inaugurated the first phase of Chu Lai-Truong Hai Port in Chu Lai Open Economic Zone. The port, a main project of the Chu Lai-Truong Hai Auto Mechanical Industrial Park, also has a large area for logistics services. Covering 15 hectares in the first phase with the cost of VND345 billion, the port consists of 300-meter pier, cranes, a logistics area and bonded warehouse. The port can handle 10,000-ton ships with total cargo throughput of 1.6 million tons per year.... [read more]