Combank and DIMO in joint leasing promo for TATA commercial vehicles

Views - 37 Tuesday, 29 August 2017 00:51

The Commercial Bank of Ceylon and Diesel and Motor Engineering Plc (DIMO) have joined forces to offer attractive discounts and other benefits to customers leasing TATA commercial vehicles. Effective till the end of October 2017, this exciting jo

World’s first braided carbon wheels for Porsche 911 Turbo S Exclusive Series

Views - 31 Tuesday, 29 August 2017 00:49

Porsche has become the world’s first vehicle manufacturer to offer lightweight wheels with braided carbon fibre.  They are available now as an option for the Porsche 911 Turbo S Exclusive Series. Carbon, the characteristically black h

SML Frontier Automotive rolls out all-new Range Rover Velar

Views - 204 Friday, 25 August 2017 00:00

SML Frontier Automotive yesterday unveiled the newest addition to the Range Rover family, the all-new Range Rover Velar.  The first vehicle of its kind and the fourth Range Rover, the Velar pioneers the frontier for luxury SUVs, writing it

Kia ranked No 1 automobile brand for quality in USA ranking

Views - 233 Thursday, 24 August 2017 00:39

Kia has topped a USA ranking of global automobile brands assessed for quality, outperforming a prestigious list that includes luxury marques from some of top names in the industry. This is the second successive year that the J.D. Power Initial Q

Tata Motors CEO says to invest $625 m to boost car, truck sales

Views - 217 Thursday, 24 August 2017 00:37

MUMBAI (Reuters): Tata Motors will invest more than 40 billion rupees ($625 million) to boost sales of its passenger and commercial vehicles, its chief executive said on Monday, as the Indian automaker looks to return to profit in its domestic bus

HNB Grameen signs MoU with Colonial Motors

Views - 231 Thursday, 24 August 2017 00:35

HNB Grameen Finance Ltd. signed a Memorandum of Understanding (MoU) recently with Colonial Motors PLC to offer attractive leasing options for Vespa and Aprilia Motor scooters.  The MoU features a number of exciting offers including special

Fiat Chrysler joins BMW-Intel self-driving car alliance

Views - 216 Thursday, 24 August 2017 00:34

Fiat joins technology alliance headed by BMW, Intel Self-driving alliance seeks to become industry platform Fiat Chrysler to adopt self-driving tech in 2021    SAN FRANCISCO/FRANKFURT (Reuter

Würth worldwide revenue grows to EUR 6.4 b in 1st half 2017

Views - 301 Monday, 21 August 2017 00:00

Inaugurates Carmen Würth Forum Convention Centre  The Würth Group, the parent company of Würth Lanka Ltd., posted revenue amounting to EUR 6.4 billion during the first six months of 2017, which reflects a 7.8% gr

Toyota Lanka supplies Prime Movers to CPSTL

Views - 294 Monday, 21 August 2017 00:00

Toyota Lanka Ltd., the sole authorised distributor for Toyota vehicles and Hino trucks in Sri Lanka, recently supplied the Ceylon Petroleum Storage Terminals Ltd. (CPSTL) with 10 brand-new Hino Prime Mover units. These world-renowned transporters

Demak recommends Motul as exclusive lubricant partner

Views - 477 Thursday, 17 August 2017 00:08

Demak Sales and Services Lanka Ltd. announces world renowned French lubricant brand Motul as the recommended lubricant brand for their range of motorcycles. The announcement was made on 9 August at a press and media briefing held at HNB Tower Au

PickMe expands operations to Kandy

Views - 439 Thursday, 17 August 2017 00:07

In a strategic move to expand its presence across the country, Sri Lanka’s leading taxi-hailing app PickMe officially launched its brand in the city of Kandy on 15 July. The official launch came after PickMe commenced its operations in Kandy

B2B meetings with Chinese companies engaged in automotive spare parts and machinery items

Views - 436 Thursday, 17 August 2017 00:07

A Chinese business delegation will hold B2B meetings with their Lankan counterparts on 18 August in Colombo, in a bid to find opportunities in the automotive spare parts and machinery items.  The 21-member business delegation from China, wh

Prestige Automobile rolls out futuristic BMW G30 5 series plug-in hybrid

Views - 558 Monday, 14 August 2017 00:01

The all new BMW 5 series plug-in hybrid was unveiled to the Lankan market last week by Prestige Automobile Ltd., the sole authorised importer and distributor of BMW, MINI and Hyundai vehicles in Sri Lanka, at an event held at Park Street Mews. T

Tata Motors first-quarter profit up 42%

Views - 621 Thursday, 10 August 2017 00:08

Reuters: Tata Motors Ltd has posted a 42% rise in quarterly profit on Wednesday. Profit was Rs. 31.82 billion ($ 498.73 million) in the first quarter ended 30 June, compared with Rs. 22.36 billion a year earlier, the company said.  The au

Nissan agrees to $ 98 m settlement on Takata economic loss claims

Views - 631 Thursday, 10 August 2017 00:01

Washington (Reuters): Nissan Motor Co on Tuesday agreed to pay $ 97.7 million to settle class-action claims of consumer economic loss in the United States tied to the recall of 4.4 million vehicles with Takata air bag inflators, court records show

Micro cars rolls out newest SsangYong SUV: ‘G4 Rexton’

Views - 702 Thursday, 10 August 2017 00:01

Micro Cars last week unveiled the all new SsangYong ‘G4 Rexton SUV’ the iconic Korean SUV at Park Street Mews Colombo 02.  The new SsangYong G4 Rexton is the 4th Generation Rexton that has evolved from its predecessors which wer

BMW’s 5-series launch helps drive forecast-beating Q2 profit

Views - 652 Thursday, 10 August 2017 00:01

BMW brand car sales rise 5.3% to 534,585 Sales of motorcycles up 12.3 pct at 52,753   Frankfurt (Reuters): German luxury carmaker BMW posted a forecast-beating 7.5% rise in second-quarter profit as sales of mot

Lanka Ashok Leyland turnover tops Rs. 3.3 b in 1Q

Views - 912 Wednesday, 9 August 2017 00:00

Lanka Ashok Leyland’s top line for the first quarter of 2017/18 stood at Rs. 3.3 billion, a 59% increase over the 1st quarter of 2016/17. This marks the second successive quarter the company has crossed a turnover of Rs. 3.3 bn. Gross profit

Mazda announces breakthrough in long-coveted engine technology

Views - 658 Wednesday, 9 August 2017 00:00

  Says will be first to commercialize compression ignition tech Automakers have been working on compression ignition for decades New engine 20-30 % more efficient than current engine No pl

CEAT honours top dealers in style at Shangri - La weekend

Views - 692 Wednesday, 9 August 2017 00:00

The beauty and harmony evoked by the name ‘Shangri La’ was much in evidence when Sri Lanka’s leading tyre brand CEAT recently felicitated top dealers at an entertainment-filled weekend gala at the Hambantota resort and spa of the

DIMO and Vallibel Finance initiate ground-breaking Mercedes-Benz and Jeep deals

Views - 835 Thursday, 3 August 2017 00:04

Proving its commitment to deliver the best powerhouses speedily and conveniently, Diesel & Motor Engineering PLC (DIMO) recently signed a special MOU with Vallibel Finance at the Mercedes-Benz Centre to deliver customised, accessible and conve

‘Seylan Colombo Motor Show 2017’ unveils for 3rd consecutive year

Views - 852 Thursday, 3 August 2017 00:02

18-20 August at BMICH   Seylan Bank PLC, one of Sri Lanka’s long-standing private banks, renowned across the country for its innovative banking solutions and wide ranging leasing products is proud to come on board as Tit

Best of the best: Top DPMC dealers rewarded

Views - 718 Thursday, 3 August 2017 00:02

David Pieris Motor Company (DPMC) held its annual dealers meeting and get-together recognising the best of the best within its 337 strong dealer network at a glittering event at Sri Lanka Karting Circuit (SLKC) at Bandaragama recently. Accordi

Tesla’s Musk hands over first Model 3 electric cars to early buyers

Views - 710 Thursday, 3 August 2017 00:01

Over a half million reservations, Musk estimates $35,000 base price, goes 220 miles on a charge $44,000 version goes 310 miles on a charge   Fremont, Calif., (Reuters): Tesla Chief Executive Officer Elon Musk said last w

Nissan logs profit drop in April-June quarter

Views - 663 Thursday, 3 August 2017 00:01

AFP: Nissan reported a drop in quarterly net profit, hit by higher costs and weak sales in key markets, although it left its annual forecasts unchanged. The Yokohama-based company said for the April-June quarter net profit edged down 1.1% on-yea

Test driving the Macan Turbo on the streets of Singapore

Views - 965 Thursday, 27 July 2017 00:05

By Malik Gunatilleke When Porsche first announced its foray into the world of Sports Utility Vehicles (SUVs), many doubted whether the global sports car giant from Stuttgart would be able to merge its flair and finesse with the demands of a cros

Peugeot and Carmart donate two brand new cars for automobile engineering students

Views - 909 Tuesday, 25 July 2017 00:08

The two brand new Peugeot 508 diesel cars which will be used by the students of the Ceylon German Technical Institute, Moratuwa and Automobile Engineering Training Institute, Wellampitiya   A social welfare project in

DIMO breaks new ground with delivery of Mercedes-Benz Actros 6x4 Prime Movers

Views - 852 Tuesday, 25 July 2017 00:06

Diesel and Motor Engineering Plc (DIMO) recently delivered a fleet of Mercedes-Benz Actros trucks to Melwire Rolling Ltd. to help with their most critical operations.  The first three of a total of five trucks were delivered to Director of

DIMO introduces the new Jeep Renegade, latest addition to the off-road icon

Views - 1008 Wednesday, 19 July 2017 00:00

The 2017 Renegade puts a new spin on iconic Jeep brand styling. It combines great looks with outstanding capability and smart technology, all in a smaller city-friendly package.  Diesel & Motor Engineering PLC (DIMO) recently introduced

Kia Motors tops JD Power quality study

Views - 875 Wednesday, 19 July 2017 00:00

Reuters: Kia Motors topped an initial quality study of new vehicles sold in the United States based on owner responses for the second consecutive year, business consultancy J.D. Power said. Hyundai Motor’s Genesis cars came second in the s

Today's Columnists

Is Sri Lanka ready for the 2025 growth agenda?

Tuesday, 19 September 2017

The other day the President and Prime Minister launched the 2025 vision for Sri Lanka which was incidentally the third policy statement of the Government since coming to power in 2015. My view is that the continuous changes to policy is important and

Venerable villainy of mercenary monks

Tuesday, 19 September 2017

The picture says it all. The ‘Silredi Sirakaruwan Mudaganime Aramudala’ was not demonstration of piety. It was a bold repudiation of the rule of law by a cabal of venerable villains, brazenly insisting that we Sinhala Buddhists submit to a rule b

Government has accepted jurisdiction of the International Court of Justice over Sri Lanka

Tuesday, 19 September 2017

At the ongoing September 2017 sessions of the UN Human Rights Council, the UK has written to the President of the Council to assert that a long standing dispute it has with the Mauritius cannot be referred to the International Court of Justice becaus

Vision 2025: Part 1: Need for moving from a wish list to a concrete plan

Monday, 18 September 2017

The Unity Government released its newest economic policy statement titled V2025 – the marketing tag for the goals it has set for realisation from 2017 to 2025 – two weeks ago.

Columnists More