Porsche has been teasing the market for years with brief images of its anticipated model, the Panamera. The car therefore made a huge impact when it was previewed at 2009’s Shanghai Auto Show. Set to be launched later in 2009, the 4-door, 4-seater luxury sedan is the German automaker’s first foray into the sedan market. This marks a significant shift for Porsche, and the company expects the Panamera to bring in many new customers. In this video, sister site WatchMojo.com takes look at the Porsche Panamera:
Toyota Motor, the Japanese auto giant, said Monday that it expected its first operating loss in 70 years. That would be the company’s first annual operating loss since 1938, a year after the company was founded, and a huge reversal from the 2.3 trillion yen, or $28 billion, in operating profit earned last year. continue reading...
The BMW 1 Series is relatively affordable, small, and as luxurious as ever. Check out WatchMojo.com’s profile to learn more:
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A beast of a machine…
MILAN (Reuters) - Italian car maker Fiat has apologized to China over a television commercial featuring Hollywood actor Richard Gere and a reference to Tibet.
China is a huge market for car makers which, like other multinational companies, go out of their way to avoid upsetting the country’s sensibilities about certain issues out of fear of reprisals such as a boycott of their products. continue reading...
LONDON - A shock profit warning from Siemens put the company’s reputation under severe strain on Monday. Just over a month after it said that it was confident in its full-year outlook, Europe’s largest engineering firm warned that, following a review of three divisions, it expected its first-quarter profits to take a $1.2 billion hit.
Shares in Siemens plummeted by 12.4%, or 9.93 euros ($15.46), to 70.17 euros ($109.29), in Frankfurt on Monday morning after the company warned that delays and cancellations at three divisions would reduce earnings in the quarter ending on March 31 by around 900 million euros ($1.2 billion). continue reading...
When Ratan Tata visited the home of the designer Ralph Lauren last autumn, the two auto enthusiasts spent much of their time in the garage, admiring Lauren’s extensive car collection, including the Batmobile-esque, 1955 Jaguar XKD.Now Tata, 70, is poised to take over Jaguar itself.
Tata Motors said Thursday that it was entering detailed talks with Ford Motor about the acquisition of Jaguar and Land Rover, confirming what investors and analysts in India, Detroit and Britain have anticipated for months. Tata Motors said that it aimed to reach an agreement in upcoming weeks. continue reading...
Toyota Motor Corp. overtook Ford Motor Co. to become the No. 2 auto maker by U.S. sales in 2007, using new products and relentless strategy to break Ford’s 76-year lock on the position. Toyota sold 2.62 million cars and trucks in 2007, which amounted to 48,226 more than Ford, according to sales figures released Thursday. Toyota’s sales were up 3 per cent for the year, buoyed by new products like the Toyota Tundra pickup, which saw sales jump 57 per cent. Ford’s sales fell 12 per cent to 2.572 million vehicles.
General Motors Corp. remained the U.S. sales leader, selling 3.82 million vehicles in 2007. But that was down 6 per cent from the previous year as customers turned away from some large sedans and sport utility vehicles and GM cut low-profit sales to employees and rental car agencies. GM’s car sales fell 8 per cent for the year while truck sales were down 4 per cent. continue reading...
BMW is laying off 8,000 people, but says it will be “socially acceptable.”
BMW does not have any trouble selling cars. Sales of BMW Group, which includes Mini and Rolls-Royce, rose 13.2 percent in November, compared with the previous year, and are running 8.3 percent ahead of 2006 for the year to date. BMW delivered almost as many cars in the first 11 months of this year - 1.347 million vehicles - as it did in all of last year. continue reading...
LONDON–(Marketwire - November 20, 2007) - A new four-dour electric car design from ZAP called the Xebra has passed Vehicle and Operator Services Agency (VOSA) inspection, allowing it to be driven on roads in the United Kingdom.
VOSA provides a range of licensing, testing and services enforcing the roadworthiness standards of vehicles in the UK. VOSA approval means the vehicle complies with full road traffic standards set for UK cars. continue reading...
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