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South Korean firm seeks majority stake in Vietnam’s Mercedes-Benz dealer
A South Korean firm is seeking to acquire a 51 percent stake in Haxaco, a leading Mercedes-Benz car dealer in Vietnam.
Mercedes dealer reports record loss in Q3
Hang Xanh Motors Service JSC (Haxaco), a major Mercedes-Benz's dealer in Vietnam, reported a record loss, more than VND33 billion ($1.4 million) in Q3, due to social distancing orders.
Mercedes dealer back in the black in Q4
Hang Xanh Motors Service JSC, a major Mercedes-Benz dealer, reported profits of VND125 billion (US$5.5 million) in the final quarter of last year after record losses in Q3.
February 8, 2022 | 10:56 pm PT
Upselling, demand for premiums returns to plague car market
Auto dealers are taking advantage of limited supply to sell at above listes prices, force customers to buy bells and whistles, and delay delivery of base model units.
April 15, 2022 | 01:29 am PT
