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Budget 2023 – Silence On Auto Industry Matters

Budget 2023, the first one presented by Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim, seems to have contained nothing on auto industry matters this time round. Unlike the last one which sparked off a rush to introduce EVs (electric vehicles) with full tax exemption for a few years, this Budget did not offer anything new.

Nor was there confirmation of what had been mentioned in the Budget last October (which was not tabled in Parliament) – the extension of the tax-exemption for CBU (completely built-up) vehicles beyond December 31, 2023. While the exemption is until the end of 2025 for locally-assembled EVs, the car companies are hopeful that there can be a longer period CBU models to encourage more widespread adoption in the country.

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Interior Of New Mercedes-Benz W214 E-Class Revealed First

When introducing a new model, car companies often mention how it was designed from ‘the inside out’. Now the Mercedes-Benz PR people are also taking that approach in introducing the next generation of one of their core models, the E-Class. The first official pictures and details of the new W 214 series, to be launched later in the year, are not of the exterior but the inside.

In particular, Mercedes-Benz is providing a preview of the cabin appearance and all the digital innovations customers can expect. The electronic architecture is more software-driven and less hardware-driven, which allows for more individual updating of the interior systems in the future.

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9th Consecutive Year For Isuzu As Bestselling Truck Brand in Malaysia

As Malaysia continues its recovery from the depressed years of the pandemic, new vehicle sales are also growing. Last year’s record Total Industry Volume of 720,658 units – the highest ever since the Malaysian Automotive Association began keeping records in 1967 – already indicated the upward trend.

While the commercial vehicle segment’s share remained at 11%, the total number of vehicles sold rose (compared to 2021) by 39.9% or 22,488 units to reach 78,885 units. Within this segment, Isuzu Malaysia Sdn Bhd (IMSB) again topped the list of brands with combined retail sales of 6,546 units, including light, medium and prime mover trucks.

It was the highest ever volume in the company’s history while capturing the market-leading position again as Malaysia’s top-selling truck brand for the 9th consecutive time and also the top-selling light-duty truck for the 13th time.

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More Details of Malaysia Autoshow 2023 Announced

As reported earlier, the Malaysia Autoshow will be on again after not being able to be run from 2020 to 2022 due to the COVID-19 pandemic. The event, organised by the Malaysia Automotive, Robotics and IoT Institute (MARii), will be held from May 4 – 7, 2023 at the Malaysia Agro Exposition Park Serdang (MAEPS) outside Kuala Lumpur.

Officially launched today, the Malaysia Autoshow 2023 has the theme of ‘Mobility Redefined’ and will not be just the usual car show as it will include all aspects of the auto industry. Besides having the latest models, there will also be displays showcasing new technologies, particularly those related to mobility.

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Goodstock SpeedFest In Singapore To Feature American Stock Car And Oval Track Racing

Stock car racing is a form of motorsport that’s very American, with a history going back 100 years. ‘Stock’ referring to standard, the rules originally began with the requirement that the cars participating had to be production models which were on sale to the public. From 1992 onwards, however, the cars began to become less ‘stock’ as their designs became more radical.

The sport, run on oval tracks, is very popular in America with four different national series being run, apart from regional ones. There are also stock car races in Australia, Canada, New Zealand, Mexico, Brazil and the UK. In August this year, Singapore will also have the region’s first ever American stock car and oval races.

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The Last Bentley W12 Will Be The Mightiest

When production of Bentley’s W12 engine ends in April 2024, over 105,000 units of the iconic 12-cylinder engines will have been made in a 21-year period. The decision to end production has been made as part of Bentley’s acceleration towards a sustainable future through its Beyond100 strategy. This will see the company’s entire model line fully electrified by the start of the next decade

Once production of the W12 ceases next year, Bentley’s entire model line will be available with the option of a hybrid powertrain. In fact, even now, the journey of electrification has already begun with the Bentayga Hybrid and Flying Spur Hybrid.

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