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Infiniti 'gunning for 700,000 sales' - Ghosn
Thu, 23 Jun 2011Infiniti is planning to announce a new sales target of 10% global luxury market share - quadrupling sales to 700,000 a year - in a new mid-term statement due this summer. Renault Nissan chief executive Carlos Ghosn told CAR that Infiniti is on line to sell 165,000 cars worldwide in 2011 but said Nissan was investing heavily in its premium division to swell sales considerably. It's an ambitious goal: if successful, Infiniti would be encroaching on the 1m+ territory today dominated by the German luxury brands.
2012 BMW M5 Preview Video
Wed, 16 Mar 20112012 BMW M5 - another teaser video The tease for the 2012 BMW M5 started just ten days ago when we published BMW’s first M5 teaser video. Just the briefest of glances of the new M5 – still camouflaged – in a snowy, evocative landscape. But now we get what appears to be the same video only this time we get shots of the still camouflaged M5 cut in instead of cut out.
Spyker, Youngman agree on joint venture
Thu, 06 Dec 2012Dutch supercar maker Spyker and the Chinese Youngman Group have agreed on a joint venture to build a new super sport utility vehicle and a group of sedans based on Saab's Phoenix platform. The SUV is scheduled to hit the market by the end of 2014, while no dates for the Phoenix-based sedan were announced. Youngman will invest 10 million euros in Spyker, 7 million of which will be for stock shares constituting 29.9 percent of the supercar company.