The BMW Group announced its third quarter earnings before tax (EBT) margin came in at 10.6 percent, down 0.4 percent from the preceding quarter; however, the numbers were dragged down by its Motorrad motorcycle business. The company’s 4-wheeler automotive segment – the segment were are interested in - recorded an EBT margin of 9.8 percent, up 0.6 percent from the previous quarter, and 0.9% higher than the same quarter last year. The increase in profit came despite a marginal 0.6 percent drop in

To reduce the cost of batteries for EVs further, BMW will focus on improving its battery design and recycling to rather than mining, said finance chief Nicolas Peter in an interview with Reuters. The company's approach is different from some of its competitors, such as Volkswagen and Mercedes-Benz, which are investing in mines to secure control of scarce supply of minerals required for EV battery production. Volkswagen has a battery supplier subsidiary called PowerCo. The company is investing in

Sime Darby Auto Selection (SDAS) has introduced an Extended Warranty Programme for pre-owned BMW plug-in hybrid vehicles (PHEV). Called +HYBRID, the programme - in collaboration with Guard My Ride (GMR) and RHB Insurance - is set to offer pre-owned BMW PHEV owners a peace of mind with comprehensive warranty coverage (terms and conditions apply) for the following: Electrical Machine Electronics (EME) - BMW’s terminology for the inverter High-Voltage Battery Cell Integrated Motor Generator (Electr

An all-new Lexus RX is due to be launched in 2022, according to information gathered by Japanese media. Before that, the current-gen model will receive a few small updates in Japan come July 2021. The current RX-series (AL20) made its debut in 2015. The model was then facelifted in May 2019, coming with additional tech and safety features, as well as a visual nip-and-tuck. Malaysians received the facelifted model in September that year. Either way, it's already a 6-year old model, and a major re

The BMW 5 Series, a perennial favourite in the luxury sedan segment, is set to one up its arch-nemesis, the Mercedes Benz E-Class in our local market. Our sources indicate that the G30-generation LCI (facelift in BMW-lingo) BMW 5 Series will be unveiled in the first half of this year. While we await news of the facelifted W213 Mercedes E-Class to be launched in our local market (it has been launched in neighbouring Thailand), BMW is set to steal a march by launching the LCI 5-er earlier, to cons

Toyota has introduced a pair of unique gold edition variants to the Japanese market Toyota Alphard and Toyota Vellfire. The ‘gold motive’ styling upgrade is also extended to the sporty Modellista package variants. Setting the Alphard S Type Gold apart from regular Alphard models is a gold Alphard badge on the grille. The regular car’s chrome bits around the car’s exterior have also been replaced with dark chrome and smoke plated items. As for the Vellfire Z Golden Eyes (yes, that’s the name give