Industry
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Mercedes-Benz is embarking on a wide-ranging growth strategy that it hopes will see it reclaim the number one position in the premium segment by the end of the decade. The strategy calls for Mercedes to occupy the number one position in the premium segment not only in terms of brand, products and profitability, but also of unit sales. All efforts at Mercedes’ facilities across the globe are being made to achieve those four goals, with no stone being left unturned. That means that in addition to the launch of several new models, including 10 new derivatives by 2015 for which no...
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Ford Performance Vehicle Chief Jost Capito To Head VW MotorsportFord’s Global Performance Vehicles chief and the man largely responsible for developing the all-out-insane Focus RS, Jost Capito, has left the Blue Oval to head up Volkswagen’s burgeoning motorsports division. He starts his new role on May 1, 2012, and takes over from Kris Nissen who...
Viknesh Vijayenthiran -
BMW And Toyota Start Joint Development Of Next-Gen BatteriesLate last year BMW and Toyota signed a memorandum of understanding concerning a mid-to-long-term collaboration on next-generation environment-friendly technologies, which covered everything from the joint development of electric car technologies to the sharing of engines. Today, the two automakers...
Viknesh Vijayenthiran -
Ferrari Picks Movado For Latest Luxury Watch LineIn 2009 it was Italy’s Panerai, the following year it was France’s Cabestan, and last year Swiss firm Hublot got the tick. This year, another Swiss firm, Movado, has been awarded the honor of designing, producing and marketing a series of watches under the Ferrari and Scuderia Ferrari...
Viknesh Vijayenthiran -
Holden Commodore Future Secured, U.S. Return Back In The SpotlightGeneral Motors’ Australian division Holden, the manufacturer of the much-loved Commodore sedan, wagon and ute, and the former Pontiac G8, has announced today that it's committed to investing $1 billion towards the development of a next-generation model. The announcement comes several months...
Viknesh Vijayenthiran -
European Court Allows Suzuki To Use GTI Name, TooIf we gave you just the three letters “GTI” to work with, and asked you to name a car, chances are very good it would be Volkswagen’s GTI. After all, the Golf derivative has been one of the world’s most beloved hot hatchbacks since it hit the market in 1976 (in Europe...
Kurt Ernst -
While once they enjoyed record margins on each of their sales, luxury automakers in China are now offering big discounts to move vehicles off showroom floors. As recently as last year, buyers in China seeking a popular model like the Mercedes-Benz S600 L were paying as much as $31,600 on top of the already exorbitant $409,000 asking price to hasten the delivery. Today, dealers are discounting some models by that much and even throwing in luxury goods like Louis Vuitton and Hermes handbags to sweeten the deal. The information was revealed by Mercedes salesman Jack Ren during a recent interview...
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Jaguar Land Rover Forms Alliance With China’s CheryJaguar Land Rover has reached an agreement with Chery over plans to form a joint venture in China, paving the way for Jaguar Land Rover to start production of its own vehicles in the world’s biggest new car market. The agreement follows extensive talks between Jaguar Land Rover and Chery on...
Viknesh Vijayenthiran -
Ferrari Chief Luca di Montezemolo Rules Out IPOWhile investors around the globe are clamoring to buy a piece of Ferrari, those in control of the Italian sports car brand don’t appear willing to budge despite the company being valued at billions of dollars. Last April Sergio Marchionne, the boss of Ferrari’s parent company, Fiat...
Viknesh Vijayenthiran -
Volkswagen Plant To Start Building Porsches This YearPorsche will call on its Volkswagen parent should additional capacity be required to build its 2013 Boxster and soon-to-be launched 2013 Cayman. That additional capacity will come from Volkswagen’s plant in Osnabrueck, Germany, where more mundane models like the Golf Convertible are built. As...
Viknesh Vijayenthiran -
Lexus Again Tops Luxury Brands In Latest J.D. Power StudyLexus has scored top honors for the fourth consecutive time in J.D. Power's most recent Customer Service Index survey.
Kurt Ernst -
Nurburgring Race Track May Get Las Vegas TwinSpeedway Motorsports is working to build a functional Nurburgring in the desert outside of Las Vegas.
Chris Weiss -
Volvo is the latest automaker to reveal it’s considering moving production of some of its cars to North America, namely, to escape currency fluctuations that can hurt profitability. Currently, most of Volvo’s models sold in the U.S. are built in Europe but in the future we may see Volvo build cars in the U.S. or Mexico or perhaps even Canada. The information was revealed by CEO Stefan Jacoby, who told Automotive News (subscription required) that his company will use the next two or three years to decide whether it should build a new plant in North America. "Obviously one of our...
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Jaguar Updates Leaper Logo, Launches New Marketing CampaignAfter a recent return to profitability and the promise of some very exciting models in the pipeline, Jaguar is now on a mission to establish itself in the eyes of consumers as one of the major brands in the luxury autos segment. To help spur things along, Jaguar recently launched a new marketing...
Viknesh Vijayenthiran -
Marussia B2 Sports Car To Be Built By ValmetRussian sports car manufacturer and Formula 1 team owner Marussia has announced that Valmet will handle future production of its B2 sports car. Valmet is the independent vehicle manufacturer based in Finland that currently assembles the Fisker Karma plug-in hybrid and was previously assembling the...
Viknesh Vijayenthiran -
Volvo Appoints Former VW Designer As New Design ChiefThomas Ingenlath, the former head of Volkswagen’s Design Center in Potsdam, Germany, has been appointed by Volvo as its new design chief. Ingenlath replaces Peter Horbury, who was recently appointed head of design of the Geely Group. Geely, based in China, is the current owner of Volvo after...
Viknesh Vijayenthiran -
Lamborghini Sales Increase 23 Percent In 2011On the back of a two model lineup Lamborghini has managed to end the previous year with a double digit increase in deliveries and turnover. Its global deliveries increased by 300 units from 1,302 in 2010 up to 1,602 last year, an increase of 23 percent. Over the same period, turnover managed to...
Viknesh Vijayenthiran -
GM And PSA Peugeot Citroen Form Alliance, Plan Joint ModelsGeneral Motors and France’s PSA Peugeot Citroen announced this week the creation of a long-term and broad-scale global strategic alliance, which they hope will leverage the strengths and capabilities of the two automakers and contribute to the profitability of both. Importantly, the two auto...
Viknesh Vijayenthiran -
Next week is the Geneva Motor Show, the first major event on the European auto industry calendar in 2012 and the 82nd running of the annual show. For this year, a total of 180 world and European premiers will be presented by more than 260 exhibitors. And, as with every year, visitors will be able to discover the latest technologies and see the new models from more than 30 of the world’s major automakers. In addition, the winner of the European Car of the Year award will be named at the Geneva Motor Show for the first time, helping to consolidate the show’s position amongst the...
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Tom LaSorda, Ex Chrysler CEO, Appointed To Head Fisker AutomotiveIndustry veteran Tom LaSorda, named to Fisker's board of director's last December, has been appointed CEO.
Kurt Ernst -
Tata To Double Spending On Jaguar Land Rover: ReportLooking to maintain strong revenue and sales growth, Tata has committed to doubling the amount invested in Jaguar Land Rover annually.
Kurt Ernst -
Tesla And Mercedes-Benz To Collaborate On Third ModelTesla and Daimler, the parent company of Mercedes-Benz, have been in close ties ever since Daimler bought a stake in the Californian electric car company. As part of its purchase deal of Tesla’s stock, Daimler would receive batteries and the technical expertise needed to bring an electric car...
Viknesh Vijayenthiran -
De Tomaso Sold To Chinese Investment FirmOne year ago, legendary Italian marque De Tomaso, rejuvenated by former Fiat exec Gian Mario Rossignolo and his family, unveiled the peculiar SLS (Sport Luxury Sedan) concept car at the Geneva Motor Show. Many questioned why a brand famous for building exotic sports cars would suddenly venture into...
Viknesh Vijayenthiran -
Lexus Tops 2012 J.D. Power Dependability Study, Chrysler Comes LastThe results are in for this year’s J.D. Power and Associates U.S. Vehicle Dependability Study and it appears that Lexus has come out on top in the final standings. Rounding out the five highest-ranking brands are Porsche, Cadillac, Toyota and Scion, respectively. At the other end of the...
Viknesh Vijayenthiran