BMW 3 Series Gran Turismo to be axed

BMW has confirmed it will drop the 3 Series Gran Turismo as part of its upcoming cost-cutting efforts, following a 7.9 per cent drop in operating profits in 2018. In a press release, the company outlined its 'strategic course' to tackle 'challenging conditions', with key issues identified including political uncertainty, a cooling global economy, rising production costs, exchange rates and rising raw materials prices.