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State of Ferrari: Supercar maker evolves, strives for exclusivity in consumer age
Wed, 08 May 2013Ferrari means a great deal to a great many, but there are some things it is not--and will never be, says chairman Luca di Montezemolo. That means no full electric cars, four-doors and even fewer Ferraris. All of this is meant to preserve equity in the famous Ferrari brand, believed to be one of the most valuable in the world in any segment of consumer products.
Tesla unveils Model S electric saloon (2009)
Fri, 27 Mar 2009By Ben Oliver First Official Pictures 27 March 2009 09:00 Tesla last night launched the Model S, a seven-seat electric hatchback capable of 60mph in 5.5 seconds, with a range of up to 300 miles and a charging time as low as 45 minutes. When it goes into production in 2011 the Tesla Model S will cost US buyers around $50,000 (£34,600) after a federal tax credit. Without a tax break, European buyers can expect to pay closer to £50,000.
97% of UK Lexus sold in 2014 will be hybrids
Mon, 09 Dec 2013Speaking during the European launch of the new Lexus GS300h – the new entry-level hybrid in the executive GS range – Lexus UK director, Richard Balshaw, revealed that 97% of all Lexus sold in the UK next year are likely to be hybrids. The GS300h’s deputy chief engineer, Yukihiro Kito, als confirmed to MSN Cars that the return of diesel-powered Lexus vehicles is unlikely to happen any time soon – if at all. On Bing: see pictures of Lexus hybrids Find out how much a used Lexus costs on Auto Trader According to Kito-san, diesel just does not make sense for Lexus given the markets the company is chiefly competitive in, which is to say the USA and Asia.