When sold and to Tata Motors for $2.5 billion, the auto industry was in rough shape. And it didn’t help that the luxury combo pack didn’t exactly have a lineup full of fresh rides.
Only four years have past since that historic sale, but the industry is in much better shape and new vehicles like the and have seemingly done wonders for the luxury brands. In fact, Tata’s investment may be in much better shape than most anyone would have thought. According to Bloomberg, analysts predict that an Initial Public Offering could show that the brands are worth a combined $14 billion.
That’s a monumental return on investment, and there are plenty of reasons for the lofty estimate. Tata reportedly earned $2 billion off JLR in 2011, and sales are at all-time highs. The brands are also expecting major growth in China and Russia, and Tata has promised to double its investment in new products. Tata has also pledged 40 new or refreshed models in the next five years, which is likely more new metal than some full-line manufacturers would be willing to promise.
But while JLR is apparently worth an estimated $14 billion, it appears that Tata isn’t quite ready to issue an IPO. Company spokesman Debasis Ray told Bloomberg in an email that Tata is planning to fund the brands through internal cash accruals.
Some automakers roll out a new model and that’s pretty much it, while for others, a new model’s introduction is just the starting point. most definitely falls in the latter category. When a new rolls out, for example, you can bet there will be a dozen or more versions to follow. A new ? Slap a roof on it and in another year or so you’ve got a new . So it only stands to reason that the German automaker would do the same with its more family-oriented offerings, the and .
Automobile magazine’s European bureau reports that, when Porsche rolls out a restyled Panamera next year, the four-door model will yield the variants that the current model does not. That will likely include a long-wheelbase model for the Chinese market, as well as a potential shooting brake and a possible four-seat cabriolet.
A slant-back version of the Cayenne is also said to be in the works to take on the , with a new Cayman to put a roof over the new Boxster’s head later this year and a generous array of 911 variants to come out year after year. Couple all those spin-offs with the new crossover, the Pajun (baby Panamera) and a pair of new supercars (918 and 960) to slot in above the 911 range and they’re suddenly looking very busy at Zuffenhausen over the next few years.
You’ve probably heard it a hundred times before: a product or service calling itself the of its category, or the of another. Well you might call the St. Regis the of hotels, and not by some spurious correlation.
The British automaker has been using the chain’s high-end hotels around the world for years to launch its new models, and last year kicked the relationship up a notch by hosting a driving event through the Italian countryside for Bentley owners and guests of the St. Regis hotels in Rome and Florence. Now that they’re done flirting, the two luxury marques are about to consummate the relationship with a more comprehensive partnership.
The freshly inked collaboration will see fleets of stationed at St. Regis hotels around the world from Singapore and Abu Dhabi to the flagship location in Manhattan. But that’s not the end of it.
The St. Regis and its associated locations in The Luxury Collection of hotels and resorts in the Starwood group will also be hosting a series of driving programs, special events and brand initiatives for Bentley and guests of the hotels, starting with the Springtime Bentley Grand Tour that will take participants over the course of two days from Vienna to Salzburg behind the wheel of the new . for the full press release.
At present, has the capacity, through its joint venture Changan FordAutomobile, to build about 600,000 vehicles per year in . That’s not enough to sustain the brand’s , so it makes sense that the automaker has officially announced plans to build a new facility in Hangzhou.
This $760 million expansion will bring Ford’s total investment in China to $4.9 billion, and it will double the automaker’s production capacity in that country by 2015. Ford calls this its most rapid expansion in 50 years – not surprising, given that the Chinese automobile market is expected to crest 30 million vehicles by 2020 – and it will make this region in China its largest manufacturing base outside its traditional playground in Southeast Michigan.
Ford isn’t saying what vehicle(s) it plans to build at this new Chinese plant, but it is suggesting that it will increase its available models from five to 15, along with 20 new powertrain options, by 2015. Feel free to read Ford’s official press release by .
It may come as a shock, but diesel cars are doing well outside of their traditional European home. The just-released shows that , but the real story is that we might be seeing the start of a golden era for diesel-powered cars in the U.S. In fact, clean diesel sales were up 35 percent in the first quarter of 2012 over Q1 2011, a trend – and it is a trend, since diesel sales were up 27 percent in 2011 – that the Diesel Technology Forum (DTF) says is due to higher fuel prices pushing people into the efficient oil-burners.
Allen Schaeffer, DTF’s executive director, said in a statement that, “I expect clean diesel auto sales to increase further as several new diesel cars are introduced in the U.S. market in the next year.”
Right now, it’s pretty much all Jetta TDI, all the time.
Once those other vehicles arrive, we’ll see how the market shakes out. Right now, it’s pretty much all , all the time. A while back, we spoke with Lars Ullrich, the director of marketing and business excellence, diesel systems North America, for Robert Bosch LLC. He told us that diesel Jettas made up 44 percent of all diesels sold in the U.S. last year, which makes the Jetta sort of the Prius of diesels in America. Last year, had 58 percent of all diesel sales in the U.S.
Does this mean the Jetta TDI is “the” diesel in the U.S.? Ullrich said it depends on how you look at the numbers. About 60 percent of all s sold in the U.S. in 2011, for example, were diesel, but the A3 sells in smaller numbers overall than the Jetta. When you have diesels available in high-volume models, he said, you end up selling a lot of diesels.
Diesel-powered passenger cars and medium-duty pick-ups had around three percent market share in the U.S. in 2011.
What does the big picture look like? Overall, diesel-powered passenger cars and medium-duty pick-ups had around three percent market share in the U.S. in 2011. That may not sound like a lot, but compare it to the hybrid market share, which has gone from 2.7 to 2.4 to 2.1 percent over the last three years, Ullrich said. Today, there are 25 clean diesel models available in the U.S. By 2014, that number will double, he said, which gives us an indication of where the market is moving. Echoing Schaeffer, Bosch’s prediction is that the U.S. will see diesels grab 10 percent of the market by 2015.
While increasingly popular, diesels are not perfect. There are issues like the , for example, and a fossil fuel is a fossil fuel. But it’s clear that Americans are considering diesel more than they used to. The question is what happens when the and arrive? Or more of ’s -D models? And, further down the line, when we see more merging of electric and diesel powertrains, where the diesel – perhaps – is burned in an efficient generator to generate electricity. That’s when things get even more exciting.
High gas prices are helping and do quite well in the U.S., too. The Diesel Technology Forum says hybrid sales increased 37.2 percent while plug-in electrics jumped 323 percent. Overall, vehicle sales were up 13.4 percent. For more number-crunching details, see our monthly green car sales charts for , and of 2012. The DTF has compiled a list of all the diesel-powered vehicles available in the U.S. .
Want a hot little hatchback? You could do a lot worse than a . But as with many cars, your budget will determine how much speed you get: Cooper, Cooper S, JCW or – with the first-gen model, anyway – the top-of-the-line John Cooper Works GP.
Introduced just before Mini launched the second-generation model line, the GP edition packed more power, less weight and a sportier suspension. After receiving a few months ago that Mini was planning a similar version of the current model, we brought you a few weeks ago of a prototype hatchback wearing some tell-tale signs of GP-ification. But what is this? A GP coupe?
That’s what it would seem, with the less versatile and more backwards-hat-wearing Mini Coupe wearing a minimally camouflaged lower fascias front and rear, plus four-spoke wheels like the first GP edition.
The question is whether Mini is planning GP versions of both the hatchback and coupe, or if one of these prototypes is merely a diversion of some sort. We’ll have to wait to find out, but you can take a closer look at the spy shots and start to wonder as well.
If you’ve got an hour to kill and an itch to watch some exciting Targa Newfoundland action, we’ve got good news for you. SPEED has been kind enough to stream the network’s one-hour special free online. The episode spends plenty of time following both the Modern and Classic divisions with barely a nod toward Open or Grand Touring. That’s a shame for plenty of reasons, both because the competition was incredibly tight across the board this year and because I hung out with in both the latter classes during my .
Still, the Flyin’ Miata guys get a little time on screen. The rest of the coverage details the fight between Scott Giannou in his and Bob Yuille in his . There’s also plenty of interviews with Ralph Gilles. You can check out the full episode by clicking .
We for the coming-some-day-but-not-anytime-soon Acura NSX starring Jerry Seinfeld, but we really wish it would have popped back onto our radar for a different reason than this. (Like a production announcement from .) TMZ is reporting that when the commercial was cast, the ad the agency responsible had sought an African-American actor to play the car dealer who was, “Nice looking, friendly. Not too dark.” And the website has a copy of the document to prove it.
To paraphrase one of Seinfeld’s catch phrases: “Yes, there’s everything wrong with that.”
While we’d like to think that some day the obvious interpretation might be that the casting director was referring to the actor’s mood, clearly that’s not the case here. TMZ says an unnamed source associated with the commercial told it that “not too dark” had something to do with lighting and special effects, and we hope that’s true. Still, the way the brief description reads, it certainly sounds like whomever was casting the spot thinks dark-skinned people are neither nice nor friendly.
We’re not about to throw Honda under the bus – it was, after all, an outside ad agency named RP& that shot the ad, according to Motoramic – as the automaker apologized, issuing the following statement:
We apologize to anyone offended by the language on the casting sheet used in the selection of actors for one of our commercials.
We sought to cast an African-American in a prominent role in the commercial, and we made our selection based on the fact that he was the most talented actor.
The casting sheet was only now brought to our attention. We are taking appropriate measures to ensure that such language is not used again in association with any work performed on behalf of our brand.
While we’re glad to see Honda react promptly and properly, re-watching the commercial gave us further pause: If Honda indeed sought to cast an African-American in a prominent role, did it consider an African-American for the part of the guy who’s first on the list for the NSX, as opposed to the salesperson?
Many privileges come with the title of CEO at one of the world’s top automakers. As top man at and Renault, certainly has his share of perks. Take for instance unfettered access to Nissan’s heritage warehouse in Zama, Japan where 400 Nissan and Datsun vehicles are stored.
Ghosn was given the special CEO tour of the place recently and met some of the engineers who worked on cars such as the 1000 Sports Deluxe. During the visit, Ghosn was treated to a driving tour of the massive warehouse in the 75-year-old Datsun 17 Phaeton seen above.
The impressive collection also includes the once owned by Ghosn himself, several rally cars and, as the narrator says, “a collection of classic Zeds.” Nissan staff and volunteers keep at least 70 percent of the treasures fully drivable.
The warehouse is closed to the public, but there are hints in the video that Nissan could be planning a museum to house the collection. Check out the video by .
You may remember the as the creation that walked away with the honor of being named the most beautiful concept at the 2012 Geneva Motor Show. The design house decided to commemorate the honor by crafting something else special for the 2012 Milan Furniture Show.
Pininfarina turned to the craftsmen at Riva 1920 to put together a wood sculpture in the Cambiano’s image. The piece is hewn from reclaimed Venice briccola wood – the same stuff that makes up all those mooring poles in the famous Italian city.
The 36-foot beams each carry unique markings, both from the lagoon water and the aquatic organisms that call the posts home. The result is a sculpture with many unique colors and markings.
Riva 1920 used the same wood to create the interior elements of the original Cambiano. for the full press release.
. On a day in which has dominated the news – by and for the auto show – it completes the hat trick by announcing that its new factory will be built in Mexico. Production is slated to begin in 2016, but Audi only announced that the plant would be building “an SUV model.” Speculating on which that might be, we imagine it would make sense for one of the brand’s high-volume nameplates to be built here in North America, which would point to the .
Audi parent already operates facilities in the Mexican cities of Puebla and Silao, so the company is intimately familiar with the nuances of building cars in the country. That should help in getting the facility up to speed quickly, although Audi board members emphasized finding the right location in Mexico in their statement announcing the decision.
Audi also said it could supply vehicles from Mexico worldwide, and reiterated its goal of selling two million vehicles each year by 2020. That, of course, is part of Volkswagen’s stated intent of .
There is a point at which the amount of money poured into any aftermarket-tuned vehicle becomes entirely insane. Heck, that’s half of the appeal of tuner cars – that the best ones show such fanatical devotion to a specific model that you must respect the inspiration and effort even when the result is utterly unimaginable. Which brings us to this: A $156,000 .
Now granted, it’s not just any 1′er that German übertuner Tuningwerk is selling for more than a . There’s a in there somewhere, one that’s been fitted with 19-inch wheels and some of the widest tires we’ve ever seen on a compact : 245/35R19 up front and 285/30R19 in the rear. Available 15-inch carbon ceramic rotors from Mov’it provide stopping power for the 521-horsepower, 453 pound-foot of torque upgrade to the twin-turbo inline six. The car also carries a whole host of carbon fiber body parts, from hood to trunk to even optional carbon fiber doors.
The bottom line is that Tuningwerk says its 1 M RS will do 186 mph. to read the full press release and be sure to check out all the photos in our .
In the pantheon of bad ideas and even worse ideas, capturing yourself on video gratuitously breaking the law and later flaunting your indiscretions to the local constabulary ranks right between and .
Funny thing is, people seem to make this egregious mistake rather often. Exhibit A: . Exhibit B: The video you’ll see below.
First off, it’s seriously stupid and irresponsible to risk your own life and the lives of others by riding at speeds of up to 185 miles per hour while weaving your way through traffic. But it takes even fewer brain cells to share video evidence on YouTube, especially considering that we can all see that you’re riding what appears to be a 2006 Yamaha R1 painted up in factory blue.
According to CBC News, Vancouver Island police are trying to track down the rider in this clip. Scroll to see the video for yourself.
Our sister site, AOL Autos, just dug up one of the largest rebates we’ve ever seen on a new car. If, for some reason, you must have a Maybach before the brand ceases production altogether, you may in line to snag a tidy $100,000 rebate. Daimler previously let slip that the company will kill the ultra-luxury brand in 2013 and replace it with a new high-end . Given that Maybach models never exactly jumped off of the showroom floor, we’re guessing the German automaker needs all the help it can get moving the and .
Even with $100,000 off the sticker price, you’ll still need a suitcase full of C notes to take one of these machines home. The entry-level Type 57 commands a $376,300 MSRP while the Type 62 starts at $427,700. Even at those prices, reports suggest the a staggering $500,000 on each and every model it sold. It’s a wonder the marque stayed around as long as it did.
There aren’t a lot of automakers that also make motorcycles: Peugeot, , , and perhaps most pertinently, . And now is getting in the game – not with its own four-ringed motorbikes, but with today’s acquisition of Ducati.
In the announcement , Audi confirmed the deal but stopped short of confirming the reported purchase price of $1.1B. Although Audi is, of course, part of the group, it is Audi AG itself that officially bought the motorcycle manufacturer, making Ducati the third Italian operation under its umbrella alongside and ItalDesign-Giugiaro.
Tellingly, Audi also points to certain technologies developed by Ducati – particularly their control systems, combustion chamber process and competence in lightweight construction – as particular assets that “offer great potential for AUDI AG and the Volkswagen Group.” Read more in the official release after the jump.
The arrival of any new is bound to be anticipated eagerly by legions of fans around the world, but few more keenly than the successor to the famed Enzo.
Following in a line that dates back to the 288 GTO, through the F40, the F50 and most recently the Enzo, the new top-of-the-line hypercar from Maranello is now well on the road to readiness. We’re told to expect its arrival in less than a year from now at the , but while endless speculation has filled the void until now, we’ve now got our first batch of spy shots showing – to some extent, anyway – what Ferrari is working on.
While the widened test mule in these spy shots is wearing a hideously humorous hodgepodge of sheetmetal and body cladding evidently thrown together in a back room in Maranello (with the lights off), we’re told this is not an actual prototype for the Enzo successor – sure to wear a different name, but referred to internally as project F70 – but rather a rolling test bed for components that will make up the finished product.
That is expected to include an uprated (and backwards-turned) version of Ferrari’s new 6.2-liter V12 from the F12 Berlinetta, producing more power and augmented by a hybrid electric assist. Despite the added hybrid bigs, the F70 is still said to be light in weight, and it will be sent gunning for the with a targeted 0-60 run in under 2.5 seconds and a top speed in excess of 250 mph.
How do doctors do it? How do they tell people that their loved ones are sick, afflicted, or even terminal? Sure, it’s one thing to deliver bad news like a mechanic: “Your transmission’s fried lady, that’s gonna be three grand.” But doctors need to be sensitive to the great anguish that will accompany their diagnosis. Nobody wants to find out that their formerly healthy family member isn’t well, and a doctor’s compassion is as important as his healing hand. The way the news gets delivered is crucial to how a patient, family and friends come to accept the situation and cope with treatment and its aftermath.
Can we then, get a doctor to write this review of the new Camry? Because after a week behind the wheel of the 2012 SE V6, one thing is clear: This best-seller is ailing.
Now, we understand that the car is a veritable institution – there are presently some 40,000 people snapping up Camrys every month. And yes, for most of the car buying public, the new midsize will continue to provide safe and suitable, if unsurprising, transportation. By our estimation, however, there are at least two, probably three, maybe even four or five other midsize sedans offering a better overall package of price, performance and personality than Toyota’s breadwinner. The short list starts with the and ends with the , but the forthcoming and deserve their shots as well.
Product placement in television and film has become so commonplace that we almost expect any mention of a specific brand on camera to be paid for in full by the company in question. And so we might have assumed with this week’s episode of Mad Men, but apparently that wasn’t the case.
The episode featured an account to advertise for in the United States, with Sterling Cooper Draper Pryce beancounter Lane Pryce coming across the account through his British ex-pat connections and bringing it back to the firm. “I think a man getting out of a Jaguar needs a cold shower,” pitched Don Draper. “The Jaguar XKE is pornographic.” And indeed it is, lauded as one of the most sensuous automotive designs ever to grace tarmac. (For crying out loud, just take a look at the classic cat in the fresh gallery of high-resolution images we’ve put together for you.)
A memorable scene, but apparently Jaguar was as surprised to see it as the rest of us. According to reports, the plug was neither solicited nor paid for by the British automaker. Of course, the particulars of product-placement deals are seldom revealed, but we’ll take Jaguar’s assertion at face value – particularly when two of the show’s starring actors – John Slattery (who plays Roger Sterling) and Jon Hamm (a.k.a. Don Draper)- pitch for rivals and respectively.
The self-driving-vehicle fleet has grown by one. According to Wired, the tech giant has added a black to its autonomous stable. The hybrid SUV was spotted out on the road for testing wearing a new roof-mounted sensor array that’s significantly more streamlined than the gear found on the company’s autonomous models. Google says it is constantly testing its driving algorithms on a wide range of vehicles in order to refine the technology, and that the RX450h is merely the latest step in that process.
Google first began unleashing its driverless cars onto public streets in 2010 using a fleet comprised of six Prius hybrids and one . The company’s work has spurred the legislature to draft a bill requiring the California Highway Patrol to outline safety standards for autonomous vehicles. Wired reports the legislation passed the state’s Senate Transportation Committee with an 8-0 vote and is now headed to the Senate Rules Committee. Nevada has already .
There’s any number of cars that can be used for taxis. The Ford Crown Vic, , … pretty much anything with a useable back seat, a cargo area and a roof on which to put a dome light. But a ? Surely that has to be overkill, right?
Maybe for most taxis, but this is no ordinary cab. This is the Ring Taxi. Operated by and OK-Speed-Marketing at the Nürburgring, the Ring Taxi allows passengers to book a high-speed ride around the harrowing Nordschleife, chauffeured by a professional driver who knows the track’s every twist and bump like the back of his (or in the case of Sabine Schmitz, her) capable hands.
For a few years the service was run in the previous-generation M5, with its high-revving V10 engine, but when that model was phased out of production, so was it retired from Ring Taxi duty. The for a while, but now the M5 is back at it in its new iteration: all 560 twin-turbocharged horsepower of it.
Tickets for what will undoubtedly prove the ride of any enthusiast’s life go for 216 euros ($282 by today’s rates), with rides taking place once a week: on Mondays at 10 am. But BMW warns that if past experience (of which it has plenty) is any indication, hopefuls had better reserve well in advance as they tend to book up as fast as the new M5 will sling you around the Karousel.
