Daily Briefing: COE prices close lower in latest bidding exercise; ERP charges to resume

And Elon Musk is hiring people for Tesla Singapore.

From ChannelNewsAsia:

Certificate of Entitlement (COE) premiums closed mostly lower in the latest bidding exercise on 22 July.

For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at $32,699, down from $33,520 in the last exercise. Meanwhile, premiums for larger and more powerful cars in Category B fell to $35,001 from $35,889.

COEs for commercial vehicles, which include goods vehicles and buses, fell to $23,888 from $24,502 in the previous bidding exercise whilst motorcycle premiums closed at $6,510, down from $7,702 in the last exercise.

Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to $35,001 from $34,989.

A total of 7,810 bids were received, with a quota of 4,449 COEs available.

Read more here. 

From ChannelNewsAsia:

Electronic Road Pricing (ERP) charges at three gantries will resume starting next week after being suspended at the beginning of the circuit breaker period, according to the Land Transport Authority (LTA).

ERP rates of $1 will apply at three gantries on the Central Expressway (CTE) from 27 July to manage congestion during peak periods.

ERP charges were first suspended on 6 April on the expectation that traffic would be significantly reduced during the circuit breaker period. This is the LTA's second review of ERP pricing following the circuit breaker, when workplaces and schools were ordered shut to curb the spread of COVID-19 in Singapore.

The outcome of the next ERP rate review will be announced in the fourth week of August, with the new rates, if any, to take effect from 31 August.

Read more here. 

From e27:

One of the most valuable car makers in the world Tesla is looking to hire people to the following positions in the Singapore market—Parts Advisor, Service Advisor, Service Manager, Vehicle Readiness Specialist, and Vehicle Service Technician, according to a LinkedIn post.

Hong Seh Motors, a local dealership, claims on its website that it is the only retailer of Tesla cars in Singapore but it is still yet to be confirmed.

Today, Tesla’s parent company is worth nearly $421.93b (US$304.6b), and Elon Musk’s relentless innovation has certainly disrupted, not just the auto world but also outer space with the mission to colonise Mars.

Elon Musk, had made it clear that candidates applying for a job in his billion-dollar company need not graduate high school. In a 2014 interview with German tabloid Bild, he had said: “A PhD is definitely not required, I don’t care if you even graduated high school.”

Read more here.