Saab Partners With Hawtai Motor Group

saab Hawtai Motor Group

Following yesterday´s announcement that Spyker Cars N.V. (Spyker) secured its short term funding, Spyker announces today that Spyker and Saab Automobile AB (Saab Automobile) signed an agreement with Hawtai Motor Group Company Limited (Hawtai). This agreement conditionally secures medium term funding and includes financing in the form of subscription agreements in the amount of EUR 150 million as well as a strategic alliance for China including joint ventures on manufacturing, technology and distribution.

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Lamborghini Expects China to Become their Top Market


China is a rising market that many auto manufacturers expect to play a significant role in their future sales. Lamborghini is taking that a step further in claiming that China will overtake the United States in the near future, becoming their number one market.

“I think it is even going to become the No.1 market already this year,” Winkelmann (Lamborghini’s chief executive) said, adding that precise sales numbers in China would depend on how many of its new Aventador luxury sports cars it could deliver.

Lamborghini currently has 14 dealerships in China with plans already in motion to expand that number to 20 by the end of the year. They also state that their customers in China are younger, with more female buyers comparative to their other markets.

“This is a good sign because you can get old with them and this is something we have to take care of — that they don’t leave the brand when they get older.”

[Source: Reuters]

Maserati to Enter Indian Car Market


Maserati announces it will bring its uniquely Italian brand of high performance and custom-made exclusivity to the Indian car market this year.

The Modena-based luxury and sports car maker, in partnership with the successful Indian luxury retailer, the Shreyans Group, will open its first Indian showroom in Mumbai this year and plans are well advanced to open a second dealership in New Delhi in early 2012, with plans to cater to seven major Indian cities by 2015.

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BMW Group Posts Best First Quarter Ever

The BMW Group sold more vehicles in March than ever before in a month. The company sold a total of 165.842 BMW, MINI and Rolls-Royce brand vehicles in the past month, not only significantly exceeding the figure for March of last year (141,717 units / +17%) but also the previous sales high of 152,721 vehicles recorded in December 2007. The BMW and MINI brands also set new monthly records.

The company also achieved a new high for the first three months: Sales started the year stronger than ever – for the BMW Group, and the three brands. Retail volumes for the year to the end of March increased by more than 67,000 vehicles to 382,758 units (prev. yr. 315,630 units), which represents growth of 21.3% compared with the first quarter of 2010.

Broad regional growth across all continents and in virtually all countries contributed to this development. March sales rose in Europe (93,540 vehicles / +7.8%) and in Asia (35,048 vehicles / +52%), as well as in the Americas (32,020 vehicles / +18.6%).

[Credit: BMW]

Mercedes-Benz SLS AMG E-Cell Powering up in Detroit


Mercedes debuted their newest electric vehicle in Detroit. If you thought the electric supercar thing would not catch on…. you were wrong (as you always are)! Mercedes has in fact started what they call “AMG Performance 2015″ where they will continue to incorporate electric vehicles into their line-up.

Mercedes was able to bring the performance numbers extremely close to its flagship super car the SLS AMG. Which was extremely necessary when trying to convince true car lovers. Continue reading »