In the aftermath of the Daihatsu safety scandal, one estimate pegs that company could suffer financial loses of up to USD 700 million taking into account plants stoppages, loss of sales and recently confirmed compensation to suppliers. According to a report by Nikkei Asia, the estimated losses also include expenses for investigations, additional safety tests, and other individual negotiations with suppliers. "Depending on the scale of the compensation, Daihatsu's losses could total JPY 100 billi

BMW has confirmed that it will be transitioning all its dealers in Europe into a unified agency-style, direct-to-customer sales model. Under the new approach, dealers, now known as retail partners, will no longer hold inventory of cars. As there is only one fixed price, customers won't need to compare discounts between dealers. Customers can enjoy full transparency on the currently available inventory nationwide and place their orders online. The retail partners will earn a fixed commission. The

Our WapCar Ratings this week sees the Volvo XC60 T8 Inscription Plus go through our handy-dandy instruments. Priced from RM 324,856, the locally-assembled (CKD Shah Alam) hulking SUV goes against rivals like the BMW X3 xDrive30i M Sport and Mercedes-Benz GLC 300 AMG Line in Malaysia. Usual disclaimer applies: all materials were taken before MCO, and scores are relative to cars in the XC60's segment and not the new-car market as a whole. Also, please bear in mind that the car seen here is not the

When you buy a Ferrari F8 Tributo, fifty percent of the selling price goes to paying for the Ferrari badge, pure profit for the Milan Stock Exchange listed Fiat Chrysler Automobiles company, at least accordig to Bloomberg's findings. It tops the list of the world’s most profitable car, which is great if you are an investor but if you are car buyer, it also means that the Ferrari F8 Tributo is the world’s most overpriced car. In Malaysia, the Ferrari F8 Tributo sells for RM 1,068,000 excluding ta

Proton ended 2019 on a high with 100,821 cars sold, a 55.7 % growth compared to the previous year. The company was on overdrive with 5 new model launches (X70, Iriz, Persona, Exora, Saga) over a span of 8 months. Proton CEO, Dr Li Chunrong announced Proton’s plans for 2020 at a media Chinese New Year luncheon today. We won’t bore you with the numbers so here are the juicy bits. Proton will be launching the Proton X70 CKD and Proton X50 this year. 2020 Proton X70 CKD Estimated Launch Date: Q1 202

The 2020 Mazda CX-30 will be coming to Malaysia soon as the official distributor, Bermaz Motor is now accepting bookings for their latest Mazda CX-30. Pricing was not in the CX-30’s favour it will be fully imported rather than assembled locally at Mazda Malaysia’s plant. This positioning places it in the league of the Toyota C-HR and not the Honda HR-V. Naturally so, as the 2020 Mazda CX-30 is a direct competitor to the C-HR and not the HR-V. Mazda has the CX-3 for that. The CX-30 and C-HR could