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Volkswagen Passat (2011): the American one
Mon, 10 Jan 2011Volkswagen has unveiled the US version of the Passat at the 2011 Detroit auto show. VW’s European customers won’t be able to buy it, but will be interested in the price: despite being longer and wider than the car offered in Europe it will start from just £13,000 before taxes for a 168bhp five-cylinder petrol. The nearest petrol Passat costs £19,529 in the UK.
Caterham off to China in 2012
Wed, 20 Jul 2011Caterham Cars - China Bound It’s quite an eventful time for car-making minnows Caterham – keepers of the Colin Chapman Flame- with a takeover at Caterham by Tony Fernades and Team Lotus only just complete, and now the news that Caterham are going to be selling cars in China from 2012. The takeover by Team Lotus has seen Caterham Cars’ profile on the international stage rise considerably as its logos appear on the Team Lotus F1 cars, which will do its prospects of selling Caterhams around the world no harm at all. Caterham has now signed an exclusive deal with Chinese importer Courtenay Trading International (CTI) who are aiming to appoint six retailers in key provinces of China over the next twelve months with a modest sales target of 50 cars in the first year.
Jaguar Land Rover profits up 34 per cent to £1.5 billion
Tue, 29 May 2012Just four years after Tata took over what looked like a basket case in Jaguar Land Rover, profits have hit £1.5 billion. It’s become the norm for Jaguar Land Rover to report ever improving profits and sales, but the news that JLR made profits of £1.5 billion in the year to end of March 2012 is still amazing. Ford sold Jaguar and Land Rover to Tata four years ago as it unwound its faltering luxury car brands, and as recently as 2009 JLR were almost begging for government help to keep going.