Why you should buy a BMW X5 instead of a Mercedes-Benz S550
Volkswagen Group Chairman and CEO Herbert Gormley announced today that he is ending the purchase of the X5 luxury sports car by Mercedes-AMG.
He says the company will invest in the next generation of the car, and has a lot of plans for the brand.
The BMW X3 was one of the best-selling vehicles in the world in 2019, and Gormly said in an interview with Reuters, “We have to invest in new cars.”
The car will be sold as a standalone vehicle, and no future plans have been announced for it.
Gormlley said Mercedes-AMSG is “the best brand” in the segment, but it’s clear that there are other competitors in the space.
Gomlley told Reuters, Mercedes- AMG is going to be very aggressive with their future.
He added, “This is not just about BMW, but about all of the brands that are coming up.”
Mercedes-BMW also plans to launch a new vehicle, which will be a more upscale version of the standard BMW X1 sedan.
The new vehicle will be called the X3 sedan, and it will be available in the US and Europe, according to the Wall Street Journal.
Mercedes-Amercias CEO Dieter Zetsche said the company would focus on expanding the X1 brand and will also work with BMW to bring a range of new luxury brands to the X class.
“This will not only be a vehicle for business, but also a vehicle of sport,” Zetschel said in a statement.
“It will be one of those cars where the driver can relax, enjoy the luxury of driving and the comfort of being in the car.”
Mercedes, Audi, and Volvo also announced plans for new luxury cars in 2019.
Volkswagen Group Chief Executive Officer Dieter Ackermann told Reuters the company’s focus is “to invest in cars for the future,” and he said that the X6 sports car will have a longer range, as well as an interior that “sounds very sporty.”
Audi and Volvo are also launching a range-topping sedan in 2019 that will have the “luxury” designation.
Volkswagen will also introduce a luxury crossover SUV in 2019 called the Q7, which is likely to have the luxury designation, and a hybrid vehicle in 2020 called the T8, according a press release.
Audi has also announced the X4, and Porsche has launched the all-new Cayenne SUV.
Porsche is expected to introduce a new sports sedan in 2020, as part of the new Porsche Panamera lineup, according the WSJ.
The Q6 will be the flagship SUV for Porsche, and the company is expected a new luxury SUV in 2020.
Porsche has also unveiled the Panamera X4.
Porsche and Mercedes- Benz are planning to launch their new luxury products in 2019 and 2020.