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Community Service brought to you by MCF Good Luck to all vested! 3 useful links for MCFers Real Time COE Bidding Results Check Your COE Bidding Status Latest COE Prices and Trending Highest Record Cat A => $92,100 [Jan 2013] Cat B => $115,388 [Nov 2022] Cat C => $87,790 [Feb 2023] Cat D => $13,189 [Nov 2022] Cat E => $118,001 [Feb 2023] Past Bidding Results (2001 - 2021) Past Bidding Results (2022 - 2023) 24 Months Trend Chart (Mar 2021 - Feb 2023) *chart taken from www.sgcarmart.com PQP (2010 - 2021) PQP (2022 - 2023) The details of the March 1st open bidding exercise for Certificates of Entitlement (COEs) are as follows: Tender opens: Monday, 6 March 2023, 12 noon Tender closes: Wednesday, 8 March 2023, 4.00 pm Tender results: Wednesday, 8 March 2023 (Available on the www.onemotoring.lta.gov.sg) The total quota available for this tender is 1,590 for the following vehicle categories: NON-TRANSFERABLE CATEGORIES Category A : Cars (up to 1,600cc and maximum power up to 97kW (130bhp); and fully electric car with maximum power up to 110kW (147bhp)) => 517 Category B : Cars (above 1,600cc or maximum power above 97kW (130bhp); and fully electric car with maximum power above 110kW (147bhp)) => 431 Category D : Motorcycles => 467 TRANSFERABLE CATEGORIES Category C : Goods Vehicles and Buses => 43 Category E : Open Category => 131

Eh...is there more to this video? Rather short. Will be interesting if can show more.

Community Service brought to you by MCF Good Luck to all vested! 3 useful links for MCFers Real Time COE Bidding Results Check Your COE Bidding Status Latest COE Prices and Trending Highest Record Cat A => $92,100 [Jan 2013] Cat B => $115,388 [Nov 2022] Cat C => $81,802 [Nov 2022] Cat D => $13,189 [Nov 2022] Cat E => $116,577 [Nov 2022] Past Bidding Results (2001 - 2021) Past Bidding Results (2022 - 2023) 24 Months Trend Chart (Feb 2021 - Jan 2023) *chart taken from www.sgcarmart.com PQP (2010 - 2021) PQP (2022 - 2023) The details of the February 1st open bidding exercise for Certificates of Entitlement (COEs) are as follows: Tender opens: Monday, 6 February 2023, 12 noon Tender closes: Wednesday, 8 February 2023, 4.00 pm Tender results: Wednesday, 8 February 2023 (Available on the www.onemotoring.lta.gov.sg) The total quota available for this tender is 1,589 for the following vehicle categories: NON-TRANSFERABLE CATEGORIES Category A : Cars (up to 1,600cc and maximum power up to 97kW (130bhp); and fully electric car with maximum power up to 110kW (147bhp)) => 509 Category B : Cars (above 1,600cc or maximum power above 97kW (130bhp); and fully electric car with maximum power above 110kW (147bhp)) => 430 Category D : Motorcycles => 477 TRANSFERABLE CATEGORIES Category C : Goods Vehicles and Buses => 44 Category E : Open Category => 129

This is a good start The bosses interviewed said the surcharge is similar to previous years and has not been significantly increased due to recent inflation.

Replacement for the 8 years old CX-9 is scheduled to debut on the 31 Jan 2023. Here are some teaser shots, videos and quick bites released by Mazda. Stay tuned for more... Highlights Turbocharged 3.3-liter IL6 engine 340 hp / 254 kW 500 Nm torque Available with Plug-in Hybrid (PHEV) Front-engine, Rear-drive architecture Mazda's Kinetic Posture Control (KPC) system borrowed from the MX-5 Miata

Polestar 3 SUV design revealed in these official teaser. While it look quite sleek and clean, I can foresee headroom and rear visibility will be severely compromised. CGIs based on spy shots captured, Polestar's first electric SUV is scheduled to debut in October this year. There’s a new teaser image previewing that vehicle and it is already shaping up as a very serious contender in the rapidly growing electric SUV segment. This is our first official look at the new high-riding electric vehicle with no camouflage. Polestar sees huge potential in this segment, which is currently one of the highest margin and fastest-growing segments in the automotive industry. The Polestar 3 will be manufactured in the United States and China with the first examples planned to hit the assembly lines early next year. Customers will be able to put an order right after its premiere in October. Polestar says the model will rely on a dual-motor electric system powered by a large battery for a targeted range between two charges of over 372 miles (600 kilometers). Bear in mind that these figures are based on Europe’s generally more generous WLTP testing cycle. “Polestar 3 is the SUV for the electric age,” Thomas Ingenlath, Polestar CEO, comments. “Our design identity evolves with this high-end large luxury EV, with a strong, individual brand character. With this car, we bring the ‘sport’ back to the SUV, staying true to our performance roots.”

Community Service brought to you by MCF Good Luck to all vested! 3 useful links for our dear MCFers: Real Time COE Bidding Results Check Your COE Bidding Status Latest COE Prices and Trending Highest Record Cat A => $92,100 [Jan 2013] Cat B => $115,388 [Nov 2022] Cat C => $81,802 [Nov 2022] Cat D => $13,189 [Nov 2022] Cat E => $116,577 [Nov 2022] The details of the January 1st open bidding exercise for Certificates of Entitlement (COEs) are as follows: Tender opens: Tuesday, 3 January 2023, 12 noon Tender closes: Thursday, 5 January 2023, 4.00 pm Tender results: Thursday, 5 January 2023 (Available on www.onemotoring.lta.gov.sg) The total quota available for this tender is 1,533 for the following vehicle categories: NON-TRANSFERABLE CATEGORIES Category A : Cars (up to 1,600cc and maximum power up to 97kW (130bhp); and fully electric car with maximum power up to 110kW (147bhp)) => 462 Category B : Cars (above 1,600cc or maximum power above 97kW (130bhp); and fully electric car with maximum power above 110kW (147bhp)) => 410 Category D : Motorcycles => 445 TRANSFERABLE CATEGORIES Category C : Goods Vehicles and Buses => 70 Category E : Open Category => 146

My New Year Wish to all forumers & their families for 2023: Stay healthy & Covid-free Safe and trouble-free motoring throughout the new year Drastic drop in COE price 😁 God of Fortune come knocking at your doors 💲💰💲

RX500h F Sport RX500h RX450h+ The 2023 Lexus RX rides on the GA-K platform, and the fresh underpinnings let the vehicle shed up to 89 Kg compared to the previous generation. The wheelbase grows by 60 mm, but the rear overhang shrinks by 60 mm, meaning that the overall length doesn't change compared to the previous model. The 2023 RX is coming with four powertrains, but Lexus is only offering details about three of them right now. Details about the 450h+ plug-in hybrid will come later. The 2023 RX will be available in six trim levels: Standard, Premium, Premium+, Luxury, F Sport Handling, and F Sport Performance. The new RX 500h F Sport Performance grade comes with some extra equipment. It has six-piston brake calipers and rides on 21-inch wheels. Inside, the leather upholstery includes suede door trim and perforated material on the steering wheel. The tread plates have F Sport branding. Depending on the grade, 10 colors will be available: Ultra White, Eminent White Pearl, Nebula Gray Pearl, Iridium, Caviar, Matador Red Mica, Copper Crest, Nori Green Pearl, Nightfall Mica, and Grecian Water. Inside, the new RX has an infotainment screen with a lower position that puts it next to the instrument cluster rather than being on top of the dashboard. A display as large as 14 inches is available. Other available upgrades include a panorama glass roof and a head-up display. Buyers have six upholstery color choices: Macadamia, Black, Birch, Palomino, Peppercorn, and Rioja Red. There are four available trim styles: Black Cascade, Ash Bamboo, Black Open Pore, and Dark Graphite Aluminum.

https://www.abc.net.au/news/2022-10-01/david-taylor-global-financial-crisis-2/101492384 The world is flirting with another global financial crisis, and the next few weeks are key It's hard to overstate the magnitude of the financial trouble Britain and, because of its financial heft, the world found itself in this week. We came within inches of "global financial crisis mark 2". That's not hyperbole. Towards the end of 2008, it was clear many Wall Street investment banks were on the brink of collapse. They were sitting on tens of billions of dollars' worth of rubbish assets – mortgage-backed securities attached to properties plummeting in value. A credit crunch was sparked when the US government allowed Lehman Brothers to collapse. It was sitting on a lot of these worthless assets. Suddenly, it was unclear who could afford to repay loans and who couldn't. We've just flirted with a scenario of similar magnitude. The problem now is, well, the flirtation is not over. Comedy of errors Liz Truss – Boris Johnson's replacement as British prime minister – inherited an economy at risk of entering a protracted and deep recession. Truss delivered a "mini-budget" last week which offered up lots more government spending and the biggest package of tax cuts in 50 years to help stimulate the economy. Great, right? Well, not so much. Financial markets asked an obvious question in response: "how are you going to pay for this?", when the UK's budget deficit (or net borrowing) is already in the hundreds of billions of pounds. The BBC reported conservative MPs walking the corridors "in shock" after the mini-budget was handed down. The ultimate response from the money markets was a vote of no confidence in the fiscal package. The bond market "sold off". Bond prices in the fixed income market plummeted. As bond prices fall, yields rise. It's really not necessary to understand the bond market machinations here, but it is important to understand the next point. That is, for Britain's pension scheme to work, or continue as a going concern, interest rates can't rise too high too quickly — which is what happened. The funds found themselves unable to pay pensions because they were losing too much money on their investments. To stop this, the Bank of England came in to buy up bonds on an enormous scale to increase the price of bonds and lower the interest rates on those bonds. "To achieve this, the Bank will carry out temporary purchases of long-dated UK government bonds from September 28. The purpose of these purchases will be to restore orderly market conditions," the Bank of England said. "The purchases will be carried out on whatever scale is necessary to effect this outcome. The operation will be fully indemnified by HM Treasury." But here's the killer line. "Were dysfunction in this market to continue or worsen, there would be a material risk to UK financial stability." What the Bank of England was suggesting, according to former London City trader Henry Jennings, is that when the bond market moved violently against these pension funds, they were at risk of being placed into margin calls. That is, many funds had borrowed money to make more money. They were heavily in debt to enhance their returns. They were about to be asked to "pay up". If they were asked to pay up, they would have been forced into liquidating their assets, which he says would have led to a financial markets "death spiral". The sheer weight of global assets being sold off would have, in Jennings' opinion, led to a global "confidence crisis". Problem not going away The Bank of England bailout of Britain's pension schemes is limited. "These [bond] purchases will be strictly time limited," the BofE said. "They are intended to tackle a specific problem in the long-dated government bond market. Auctions will take place from today until 14 October." So, what happens when they stop buying gilts, or British bonds? The chief economist of the National Australia Bank says the forces that led to Britain's financial system edging to towards the brink remain firmly in place. "Markets are getting a bit worried," Alan Oster says. He says interest rates in Britain will keep climbing, and may do so quite aggressively in the coming months. "[Markets] are talking – well, it's frightening, they're starting off from a cash rate of 2-ish per cent and they're talking about a 1.25 per cent or 1.5 per cent interest rate increase [at the next Bank of England meeting]". "It's extraordinary and of course the pound is being absolutely killed." In other words, the problem facing the pension fund scheme is set to return. It's heavy stuff So, let's just do a quick stop-and-check at this point, because it's heavy stuff. The UK is still at risk from a financial crisis because a major investment scheme remains vulnerable to a bond market that's still at risk of plummeting due to the UK's economic woes (in part created by a dire mini-budget). This is all being reflected in a recent collapse of the pound. A financial crisis in the UK would, analysts say, lead to a global economic rout. Is Australia immune? The short answer is no. The Australian dollar is hovering around two-year lows against the greenback, and the stock market is down 15 per cent from peak to trough. We're inching towards a share "bear market". This has obvious implication for those in and approaching retirement. A destabilisation of the global financial system, more broadly though, would produce the same shock waves as 2008 and 2009. It leads to higher unemployment and a recession. The problem this time around is that the Australian government, and indeed the Reserve Bank, are in no position to engage in extraordinary economic stimulus measures. But … so far so good However, it seems the majority of Australians, right now, have the financial capacity to continue on in a relatively normal fashion. Australian retail turnover rose 0.6 per cent in August, according to Retail Trade figures released by the Australian Bureau of Statistics earlier this week. The August increase was the eighth consecutive rise and follows a 1.3 per cent rise in July and a 0.2 per cent rise in June. "This month's rise was driven by the combined increase in food related industries, with cafes, restaurants and takeaway food services up 1.3 per cent and food retailing up 1.1 per cent," Ben Dorber, head of retail statistics at the ABS, said. The dark cost-of-living clouds hanging over millions of Australians is "being balanced by people saying, 'well, I'm not going to lose my job' ", NAB chief economist Alan Oster says. "The economy is doing really well." But, and that's a big but, he says ominously, the "next four weeks will be interesting". That's a reference to the fact that the bulk of already-announced Reserve Bank interest rates hikes will hit bank accounts over the next couple of months. It's unclear to most observers how, exactly, this would damage the Australian economy. Work is already underway though to put policy makers in a better position to make the right calls when it come to pulling the levers. The ABS, for example, is now delivering monthly inflation or cost of living data. The first monthly Consumer Price Index (CPI) indicator rose 7.0 per cent in the year to July and 6.8 per cent to August. The largest contributors, in the 12 months to August, were new dwelling construction, up 20.7 per cent, and automotive fuel, up 15.0 per cent. Now the Reserve Bank is in a better, or timelier, position to see how its policy tightening is influencing prices in the economy. This, in practice, is meant to avoid hiking interest rates too far. The RBA meets on Tuesday. At the moment it's a coin toss as to whether the bank raises its cash rate target by 0.25 or 0.5 percentage points. How serious is all this? Naturally, with any major financial event, the question is: do I need to worry about this? The answer is that you need to keep watching this story unfold. AMP's chief economist, Shane Oliver, suggests while the Bank of England's short-term effort to bring back the UK financial system from the brink has worked, the country's financial system is set to go right back there again soon. "The Bank of England's intervention to calm the gilt market (which was threatening financial problems for UK pension funds) by buying bonds (ie restarting QE) has helped calm things – directly in the UK and indirectly elsewhere by showing that authorities will still intervene in a crisis," Dr Oliver said. "Unfortunately, the return to QE [bond buying] may just add to inflationary pressures if it has to be sustained for long, which may necessitate an even higher interest rate hike when the BoE next meets in early November with many talking about a 1.25 per cent hike, which leaves the BoE in the silly position of easing and tightening at the same time." So, the options are that the Bank of England keeps coming to the rescue of the UK financial system with the risk of exacerbating inflation which will lead to much higher interest rates, or allow the market to take over, and risk a full-blown financial crisis when the bond market collapses again. Australia seems to be in a reasonable position now to manage a financial shock, but it's unclear whether that will still be the case in just a few weeks' time. Huge risks remain. Printing trillions of dollars of money, globally, during the pandemic to support the global economy was always fraught with risk. As it stands we are unable to remove that economic support without the whole system collapsing, but we need to remove it before we create even bigger economic problems. It's an extremely uncomfortable position to be in.

NEA to lower vehicle noise levels, tighten motorbike emissions from 2023 Anyone knows what's the current noise level of a stock supercar? How about those LTA-compliant aftermarket exhaust?

This Coupe styled SUV is suppose to be even larger than the X7, and come with an unusual tailpipe layout... The first sighting of the sports activity vehicle to slot above the BMW X7 happened last year, basically confirming that the biggest of the X models is indeed coming. However, Bavaria hasn't confirmed its arrival yet nor has it confirmed that it will indeed be called the X8. Expected to become the new flagship BMW SUV, the prototype here was spotted at the Nurburgring. Despite the bevy of claddings and concealment to hide its design, there are several cues here that tell us that this isn't the facelifted version of the X7 that we saw recently. The front looks flatter than the X7, while the bonnet has prominent lines and the lower intakes have been reshaped. The headlights are positioned lower than the current X7, though this aligns the alleged X8 with the upcoming X7 refresh in terms of headlamp design – albeit the X8 isn't showing any sign of a split-headlight design. And yes, the massive kidneys found on the X7 will likely appear on the X8 as well, given the spy shots that you see here.

Made-in-Singapore sports car set to hit the road in 2023 Local firm Catalyst Motors in final stages of building rolling chassis for prototype vehicle https://www.straitstimes.com/singapore/transport/made-in-spore-sports-car-set-to-hit-the-road-in-2023 Singapore's first electric supercar unveiled at Geneva Motor Show https://www.straitstimes.com/lifestyle/motoring/singapores-first-supercar-unveiled-at-geneva-motor-show