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
Accordingly, Sacombank will purchase Truong Hai Auto Company shares to become a strategic shareholder of the company. Sacombank will support Truong Hai Company in finance management, finance strategy planning, capital mobilisation to carry out projects as well as provide banking services for the company. In return, Truong Hai has agreed to choose Sacombank to be the capital supervisor and take over all transactions of the company. When the company carries out equitisation, Sacombank Securitites Company (SBS) will be chosen to be its consultant. Under its plan, Truong Hai Auto Company will list stocks on the floor by the end of…... [read more]
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]
Recently, Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) and Truong Hai Auto Company have set up a coalition by signing strategic cooperation contracts. Accordingly, Sacombank will invest in Truong Hai Auto by selling stake to become a strategic partner of the company. At the same time, Sacombank will also provide loans for its customers to buy Truong Hai products. Sacombank will provide assistance policies on strategic administration, mechanisms; set up credit relations and policies, and provide financial services for Truong Hai such as loans, retail banking and other preferential services. Truong Hai, in turn, pledged to give priority to…... [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]
In mid-July this year, the JC & C Singapore invested an initial US$41 million, or 12 per cent in Thaco Group, the paper said, citing the group chairman Tran Ba Duong. Thaco Group, the third biggest manufacturer by sales in Vietnam, earlier targeted to earn VND7 trillion revenues and VND519 billion in net profits this year. To this end, the group will expand an automobile manufacturing and assembling line in Chu Lai-Truong Hai into an automobile industrial park, the first of its kind in Vietnam, Duong noted. Thaco's principal activities include the manufacture, assembly, distribution, retail, repair, and maintenance of…... [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. New Sorento 2014 is expected to be an additional and attractive choice for customers in the SUV segment. Design innovation 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…... [read more]