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Luxury car price crash in China
Wed, 21 Mar 2012Mercedes in China offering 25 per cent discounts on S Class Mercedes, BMW and Audi are having to offer discounts of up to 25 per cent on luxury cars in China to shift stock. The huge Chinese car market has been seen as a sales salvation for Western car makers; the automotive equivalent of shooting fish in a barrel. But it looks like that’s all changing, particularly at the luxury end of the market.
Toyota's Lentz to say electronics not to blame for acceleration problems
Tue, 23 Feb 2010Toyota Motor Sales U.S.A. President James Lentz plans to stick to his guns and tell skeptical lawmakers Tuesday that the company's unwanted acceleration problems do not stem from electronic defects, a copy of his testimony shows. Lentz's reiteration of Toyota's longstanding position suggests that top company executives were unmoved by sharp criticism of that stance Monday by House Energy and Commerce Committee Chairman Henry Waxman.
Lexus LF-NX Concept Compact SUV/Crossover makes a statement: Frankfurt 2013
Thu, 12 Sep 2013The Lexus LF-NX SUV/Crossover Concept (pictured) arrives at Frankfurt We actually saw the first photos of the Lexus LF-NX – a more compact SUV/Crossover Concept – in the run-up to the Frankfurt Motor Show, and it certainly looked dramatic. In the flesh, the LF-NX actually looks even m0re dramatic; it’s almost cartoon-like in its styling and proportions. Looking a little like Lexus have taken their statement spindle grill, made it bigger and created a body design using origami, the LF-NX is certainly not a shy and retiring, understated Lexus.