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Last Thursday, Beijing Automotive (BAIC) made an interesting announcement. Reuters reports the company is looking into buying a "mid to high-end brand" in Europe or the United States. If you're wondering, they have a number of companies in mind, but don't give out any names. President Dong Haiyang told reporters at a briefing in Beijing that this would allow them to break into the global marketplace much quicker. The company already some ties in the automotive world mostly in Europe. First, the company bought the bulk of the technology that underpins the last-generation Saab 9-3 and 9-5 sedans from GM back in 2009. Then last week, the company signed a joint-investment agreement with Diamler to work on doubling production by 2015. Source: Reuters William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster. -
Last Thursday, Beijing Automotive (BAIC) made an interesting announcement. Reuters reports the company is looking into buying a "mid to high-end brand" in Europe or the United States. If you're wondering, they have a number of companies in mind, but don't give out any names. President Dong Haiyang told reporters at a briefing in Beijing that this would allow them to break into the global marketplace much quicker. The company already some ties in the automotive world mostly in Europe. First, the company bought the bulk of the technology that underpins the last-generation Saab 9-3 and 9-5 sedans from GM back in 2009. Then last week, the company signed a joint-investment agreement with Diamler to work on doubling production by 2015. Source: Reuters William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster. View full article
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So came across this story on Lucra Cars who has built multiple cars for the Fast and Furious movies. He became noticed with the LC470 and now has the L148 that is to go into production in 2014 as a $300K 700HP LS V8 American Muscle car with European driving capabilities. Complete story is found here: http://autos.yahoo.com/blogs/motoramic/inside-one-man-quest-build-america-next-great-182846840.html;_ylt=AgU3y1bhJt1d8RdRsKBIa2omhvZ_;_ylc=X3oDMThzb3I0aW05BF9TAzIxNDY4NjI2MzAEYWN0A3RpdGxlBGN0A3N0YW5kYXJkBGVkAzEEaW50bAN1cwRpdGMDMARscG9zAzIEbWNvZGUDQWdCU2xPUVFFR2UyRUJCL05DQUFRTG9RQUVzdklBQmtlaEFRT1NRZ0FBdTVFQkJSVXc9PQRtaWQDdGQEbXBvcwMxBHBrZwNpZC0zNDM1Mzk0BHBrZ3QDMQRwb3MDNARzZWMDdGQtZmVhBHNsawNUaGlzIGNvdWxkIGJlIEFtZXJpY2EmIzM5O3MgbmV4dCBncmVhdCBzdXBlcmNhcgR0YXIDaHR0cDovL2F1dG9zLnlhaG9vLmNvbQR0ZXN0AwR2ZXJzaW9uA2xlZ28Ed29lAzEyNzk3MDk5;_ylg=X3oDMTE5bXFkMXMyBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdAMEcHQDcG1o The complete Gallery is found here: http://autos.yahoo.com/photos/lucra-l148-supercar-slideshow/lucra-l148-photo-1385403862034.html What are your thoughts on this persons design style? Can he succeed and grow?
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By William Maley Staff Writer - CheersandGears.com March 25, 2013 For a time, young buyers that wanted a vehicle ventured towards the Japanese brand since they offered the features and content they were looking for. Now the tide is changing with younger buyers going towards American and Korean brands. Bloomberg gathered data from Edmunds and R.L. Polk which showed American automakers increased their share of retail registrations by 1.9% with 18 to 24 year olds and 1.5% with 25 to 34 year olds since 2008. Korean automakers saw the largest jump in retail registrations with a 6.8% increase in 18 to 24 year olds and 5.1% increase in 25 to 34 year olds. Japanese automakers have been taking brunt of the loss with a drop of 9.8% in 18 to 24 year old group and a 7.7% drop in the 25 to 34 year old group. Japanese automakers still dominate the 35 and under crowd with 43% percent of sales going to them. So what are the American and Korean automaker doing to claw some of these sales? Building vehicles that appeal to young buyers. "U.S. automakers have burst onto the scene in recent years with small, fuel-efficient and affordable cars that really appeal to a young set of buyers," said Jessica Caldwell, an analyst with Edmunds. Source: Bloomberg William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster. -
By William Maley Staff Writer - CheersandGears.com March 25, 2013 For a time, young buyers that wanted a vehicle ventured towards the Japanese brand since they offered the features and content they were looking for. Now the tide is changing with younger buyers going towards American and Korean brands. Bloomberg gathered data from Edmunds and R.L. Polk which showed American automakers increased their share of retail registrations by 1.9% with 18 to 24 year olds and 1.5% with 25 to 34 year olds since 2008. Korean automakers saw the largest jump in retail registrations with a 6.8% increase in 18 to 24 year olds and 5.1% increase in 25 to 34 year olds. Japanese automakers have been taking brunt of the loss with a drop of 9.8% in 18 to 24 year old group and a 7.7% drop in the 25 to 34 year old group. Japanese automakers still dominate the 35 and under crowd with 43% percent of sales going to them. So what are the American and Korean automaker doing to claw some of these sales? Building vehicles that appeal to young buyers. "U.S. automakers have burst onto the scene in recent years with small, fuel-efficient and affordable cars that really appeal to a young set of buyers," said Jessica Caldwell, an analyst with Edmunds. Source: Bloomberg William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster. View full article
