Strong performance in DRB-HICOM’s automotive division has pushed the conglomerate back into black. It ended its financial year ending 31-December 2022 with RM409.99 million profit before tax, reversing the previous financial year’s pre-tax loss of RM291.27 million. However it also registered a pre-tax loss of RM73.13 million for Q4 2022, but the group says this is mainly due to year-end assessment’s impairment loss of assets. The automotive division is the group’s crown jewel, leading revenue gr

Mercedes-Benz Malaysia has confirmed that it will be launching a new locally assembled (CKD) battery EV model next year. “We are certainly working on localizing the EQ models. In 2023, we will announce our first EQ model that will be localized, so I ask you to stay tuned for that,” said Sagree Sardien, CEO & President of Mercedes-Benz Malaysia, at the sidelines of the launch of the Mercedes-Benz EQE today. Mercedes-Benz Malaysia’s plant in Pekan, Pahang currently only makes one electrified model

Mercedes-Benz’s superluxury Maybach brand ended Q1 2022 by recording its best-ever quarter, with sales up by 161 percent. The latest generation W223 / V223 generation 2022 Mercedes-Benz S-Class also recorded a similarly impressive 67 percent increase in sales. The company didn’t provide a breakdown of its sales figures by model but said sales of its top-end models, which include not just the S-Class and Maybach but also the GLS, G-Class, AMG, and EQS models, reached 76,200 units in the first 3 m

Mitsubishi Motors has issued a statement in response to a report by Nikkei Asia saying that Mitsubishi Motors will cease developing vehicle platforms for the Japanese market, and will only use Nissan platforms. The company’s statement to the press reads (translated): “In the morning edition of the Nikkei Asia dated September 14, it was reported that we have stopped developing platforms for domestic passenger cars, and will be co-developing platforms with Nissan Motor. This is just a speculation

The 2021 Hyundai Staria (US4) has just entered the ASEAN region, but before it came the 2021 Kia Carnival (KA4). Although they share the same Hyundai-Kia N3 platform, both companies' take on 11 seaters are vastly different, as we'll explore below with these Thai-spec cars. Dimensions - Staria is the bigger car The Staria replaces the Hyundai Grand Starex/H-1, and not only is it bigger than that, it's also larger than the Carnival. Here's how they stack up, and the Hyundai's extra length and heig

The upcoming 2022 Honda Civic, known as the FE-generation Civic, has been spotted in China. Like the leaked photos earlier, it appears to be in production form. Exterior wise, the production version largely mirrors the prototype showcased a few months ago, albeit with a lightly-restyled front bumper and wheels. Also read: It's called the Honda Civic FE, production specs leaked ahead of China launch Powertrain options are likely to be carried-over units depending on region. The most prominent opt