Archive for 'Chery'
China On Track To Become Biggest Market For Auto Design Firms
Posted on 08. May, 2012 by admin.
China is already the single biggest market for new cars, but soon it will be the biggest for new car designs too. That’s the prediction of Silvio Pietro Angori, the CEO of legendary Italian design firm Pininfarina. Speaking with Automotive News (subscription required) recently, Angori revealed that China and Germany each account for roughly...
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Jaguar Land Rover IPO Could Create Stock Windfall
Posted on 18. Apr, 2012 by admin.
When Ford sold off Jaguar and Land Rover to India’s Tata Motors for $2.5 billion in 2008, investors assumed the worst and dumped stock as quickly as they could. The joke, it appears, may be on those who sold off shares, as the current value of Jaguar Land Rover (JLR) is estimated at $14 billion. That estimate comes from three separate..
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Luxury Automakers Forced To Offer Big Discounts In China
Posted on 21. Mar, 2012 by admin.
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...
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Cars.com News Briefs: March 21, 2012
Posted on 21. Mar, 2012 by admin.
Here's what we have our eye on today: Fiat and Chrysler CEO Sergio Marchionne told Bloomberg News today that European automakers need to incur "painful" restructuring to stanch losses in the region. Europe's sovereign-debt crisis has stymied consumer confidence , drying up auto sales and leaving automakers with too much plant capacity. Fiat sales slipped 2.4% in 2011 , with factories in Italy running at just 50% capacity.
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Jaguar Crossover, #WantAnR8, Datsun Returns: Today’s Car News
Posted on 21. Mar, 2012 by admin.
Nissan announced it will bring back the Datsun name to emerging markets as a new budget brand. The new vehicles are being described as green and affordable cars with high percentages of locally-sourced content
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Next-Generation Hyundai Genesis Due In 2013
Posted on 21. Mar, 2012 by admin.
Hyundai’s Genesis luxury sedan hit the market in the 2008 model year. By most standards, that would give the car another few years of life in its current form, especially since it’s received numerous updates, a mild refresh and even a new “R-Spec” performance version over the past year.
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Audi Working On A4 ‘Superavant’ MPV: Report
Posted on 21. Mar, 2012 by admin.
Despite sales of its 5-Series Gran Turismo proving less than spectacular, BMW is so adamant that demand for upmarket MPVs will eventually take off that it’s planning two more additions in the coming years. One will be based on the latest 3-Series platform and will likely be called the 3-Series Gran Turismo, while the other will be based on a...
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Jaguar Land Rover Forms Alliance With China’s Chery
Posted on 21. Mar, 2012 by admin.
Jaguar 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 establishing an equal partnership company. In a...
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2014 BMW i3 Spy Video
Posted on 21. Mar, 2012 by admin.
BMW’s revolutionary i3 ‘Megacity’ vehicle is now only a year away from launch and in the lead up to its eventual arrival engineers are hard at work testing prototypes, even putting them through their paces in the extremes of the Arctic Circle. Our exclusive spy video features one of these prototypes as it carves up the snow near...
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Want A Replica 300SL? Tough Luck, Says Mercedes
Posted on 21. Mar, 2012 by admin.
Replicas can be a divisive topic among gearheads.
