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Jaguar Land Rover & Chery in business

The joint venture between Jaguar Land Rover and Chery Automobile in China is now official and will see new production and R&D facilities in China. Jaguar Land Rover has now received official approval for its joint venture in China with Chery Automobile from China’s authorities – something we predicted as long ago as February 2011 - which will see both JLR and joint branded cars rolling off production lines in China. The JV will be known as Chery Jaguar Land Rover Automotive Company Ltd.

Mitsubishi Scrappage – now on 5 year old cars

Mitsubishi are now offering the Scrappage allowance on cars from 5 years old [ad#ad-1] Despite our reservations about the Scrappage scheme in the UK, it would seem that it is proving to be a good handle to hang sales publicity on for car makers. Hyundai have told us about their successes and the interesting trade-ins they’ve had on cars sold under the Scrappage scheme, and we reported recently on two guys buying Nissan GT-Rs with the Scrappage allowance. And now Mitsubishi are using the Scrappage scheme to promote new car sales.

Arizona auctions kick up the horsepower on day 3

As the weekend approaches for the Arizona auctions, the large-dollar rides begin to drive in. Hagerty has compiled the numbers of the top-selling rides and prices thus far. RM Auctions had a $7.6 million day on Thursday with 49 of 52 lots selling.