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

Did BMW invent a brand-new term just to market their car? It seems that way, and they've named it "Forwardism." But what's the deal with this word? Well, according to BMW, Forwardism is a way of thinking that's all about welcoming change and moving towards a better future. It's for those who like to think ahead, make a positive impact, and find new opportunities even when they're not crystal clear. It’s about sharing fresh ideas and making the world better for everyone. BMW has embraced this min

Mercedes-Benz Group has confirmed its plans to reduce the number of models in its entry-level compact cars range, cutting down from the current 7 models to 4. The move is part of the company’s shift to move away from chasing after sales volume, to prioritize lower volume but more profitable, higher-end products. “What has always been the core of our brand is now also the core of our strategy: the luxury segment. We are further sharpening the focus of our business model and product portfolio in o

Lexus Malaysia announced the updated 2020 Lexus LX 570 is now available for booking at all authorized Lexus Centres nationwide. Two variants will be available, the regular LX 570 which starts at RM 1,225,883 and the LX 570 Sport which starts at RM 1,289,938. Both prices are on-the-road without insurance and include a 50% sales tax exemption which is valid until 31 December 2020. By combining luxury and off-road brilliance, the LX 570 brings out the rugged luxury the LX has been famous for. Avail

In Las Vegas, the ongoing 2019 Consumer Electronics Show (CES) flaunted us the all-new Mercedes-Benz CLA-Class. The new model is going to key markets this year and will be manufactured at the Kecskemet plant in Hungary. From the outside, we notice that this emotive compact four-door coupe resembles the larger CLS-Class. Compared with the new A-Class (W177), the CLA-Class features 18 individually controllable LEDs which separate it from the former one. “With the first CLA we created a totally new

At the Consumer Electronics Show (CES) 2019 at Las Vegas, USA, the Mercedes-Benz has unveiled the all-new CLA-Class. Now this company has put this new edition car into production at their plant in Kecskemet, Hungary. The plant in Hungary is the birthplace of the highly emotive CLA-Class four-door coupe and remains to produce since the first generation in 2013. The plant's advanced production technologies have been updated, such as the usage of automatic guided vehicles (AGV) to transport entire