Post Tagged with: "luxury market"

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Mercedes Values Half of BMW

Mercedes Values Half of BMW

Mercedes’ goal to become world’s biggest luxury-car maker fades away as Daimler investors value the company at half what BMW is worth. BMW saw its market capitalization increase to 45 billion euro ($58.8 billion), compared with 42.2 billion for Daimler. Without the reasonable price for Daimler’s truck business, the value […]

Q3 imports in China exceeded 700,000 vehicles

Q3 imports in China exceeded 700,000 vehicles

According to Sinotrust, a China Automobile Trading and market solution company, during the third quarter of 2011 China imported approximately 712,000 vehicle, with 26.6% more than last year. Also, 612,000 imports have been registered, with 30.2% more than previous year. “Growth in imports has experienced a slight drop in the […]

Lexus forecasts 12% growth on US auto luxury market in 2012

Lexus forecasts 12% growth on US auto luxury market in 2012

Lexus, the luxury brand of Toyota Motor Corp., announced that the U.S. division isn’t aiming to be the best selling luxury brand, preferring to concentrate “first in quality, value, customer experience and profitability”, according to Mark Templin, group vice president and general manager of the U.S. Lexus division. According to […]

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Audi wants to double China’s production

Audi wants to double China’s production

Volkswagen’s owned premium automaker Audi Ag prepares to build a second factory in addition to the one in Changchun. By this, the automaker is preparing to double its production in China over the next four years to meet rising demand for luxury cars, its China chief said. “You see a […]

Hyundai Genesis to get AWD in 2014

Hyundai Genesis to get AWD in 2014

The new generation of the Hyundai Genesis will benefit from the all-wheel drive technology and will hit the market in 2014. “We do have a plan to fix that (the lack of an AWD for the Genesis) with the next major model change”, said the Hyundai Motor America president and […]

Sales of German luxury cars drop slower in August

Sales of German luxury cars drop slower in August

Sales of high-end Audi, BMW and Daimler cars slipped in August but by less than during the depths of the global economic crisis, figures recently released by the German auto manufacturers showed. BMW, the world’s most popular luxury car, posted a drop in sales of 9.7 percent in August compared […]

Bentley announced final series for its Arnage.

Bentley announced final series for its Arnage.

After 10 years of duty, Bentley Motors announced final series for one of the finest limousine. The Arnage. Over the last decade the car has undergone a process of constant refinement to its body, design, chassis and powertrain to maintain its class-leading position in the high luxury market. To celebrate […]