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Carousell was founded in Singapore on 14 May 2012, by co-founders Quek Siu Rui, Lucas Ngoo, and Marcus Tan. The first item sold on Carousell was an Amazon Kindle e-reader for S$75. [1] Carousell was subsequently registered as Carousell Pte. Ltd. on 2 January 2013. [2] Carousell received its first investment from Quest Ventures. [3]
OLX's operations in India, like other online retailers, has faced problems with fraud and faced problems with people selling stolen vehicles. In combating fraud, nearly 25% of the car listings get rejected by its systems to protect users from fraud. [36] [37] In August 2023, OLX's India business was acquired by CarTrade for ₹ 535.54 crore. [38]
Pohlad Cos. is exiting the auto dealership business, selling its Carousel Motors Group that sells luxury cars such as Audi, BMW, Porsche and Ferrari models. The deal comes during a period of ...
The CARS Program was implemented by the Department of Trade and Industry in order to attract and encourage new car companies to produce vehicles in the Philippines [15] and stimulate demand and impose industry regulations that will restore the country's automotive industry, and make the country a regional automotive manufacturing hub, [16] and ...
The Philippines' automobile industry started during the American colonial period from 1898 to 1946, with the introduction of American-made cars, which have been sold in the Philippines ever since. An import substitution policy was developed for the 1950s, which led to the prohibition of and then punishingly high tariffs on the import of fully ...
The Manila International Auto Show 2012, now in its 8th year, was held last March 29 to April 1 at the World Trade Center and was undoubtedly the biggest and most anticipated event for car enthusiasts. 400 cars on display including the newest sports cars from different brands, the best concept cars, hybrid cars, and a lot more were showcased to ...
From 1987 to 2018, MMPC was the distributor of Mitsubishi Fuso commercial vehicles in the Philippines until Sojitz Fuso Philippines Corporation was established in September 2018. The company's slogan is "Drive your Ambition", which has been part of Mitsubishi Motors' global rebranding since 2018.
Donald Trump's proposed tariffs on Canada could increase U.S. gas prices by up to 70 cents a gallon, energy experts say.