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BMW, Daimler experiment with upscale rent-by-the-ride
Fri, 24 Dec 2010Two European luxury brands are tiptoeing into car sharing, a radical move for carmakers whose business for the past 100 years has been selling to individuals. German archrivals Daimler AG and BMW AG have launched sharing programs. The automakers say the move was prompted by changing attitudes about car ownership, especially among young buyers, and increased urban congestion.
Pininfarina takeover would boost Magna expertise in key areas
Wed, 24 Nov 2010Magna International Inc. would become a stronger competitor for design and development jobs if it takes over struggling car styling and engineering firm Pininfarina S.p.A., executives say. “Magna badly needs design competence, and Pininfarina has top staff,” said Paolo Tumminelli, CEO of Goodbrands GmbH, a brand and marketing consultancy based in Cologne, Germany.
Jaguar XKR-S (2011) at 2011 Geneva motor show
Wed, 23 Feb 2011Jaguar has turned up the power and sharpened the handling on the flagship XKR coupe for the 2011 Geneva motor show. The result: the XKR-S, claimed to be the fastest production Jaguar sports car ever. For 2011, Jaguar is returning the XKR-S to the top of the XK range. CAR readers may recall the well regarded 2008 limited edition that last carried the badge. The XKR-S has an uprated version of the 5.0-litre supercharged V8 found in the standard XKR. Power moves up to 542bhp (from 510bhp), and torque swells to 501lb ft (up from 461lb ft) thanks to lots of ECU tweakage.