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Fiat to spend big, dump the Punto & revive flagging fortunes by going upmarket
Tue, 10 Dec 2013Fiat Punto to be axed as Fiat moves upmarket Fiat are having a very rocky ride as the Italian economy lurchges from one crisis to another. But Sergio Marchionne has a plan to put Fiat back on track. Spending of €9 billion over the next three years is planned to revive production in Italy, rationalise the Fiat range and continue to push upmarket with Maserati and Alfa Romeo.
Scion considers moving upscale
Mon, 01 Apr 2013Toyota's struggling Scion brand may move upscale to challenge entry-level luxury models coming from European automakers. The new lower-luxury niche includes Mini, the front-wheel-drive Mercedes-Benz CLA arriving this fall and Audi's compact A3 sedan shown last week on the eve of the New York auto show. Scion has gone after young entry-level buyers since its inception 10 years ago but has lost its early momentum.
Jaguar XJ Diesel – The Swansong plaudit
Wed, 17 Jun 2009The Jaguar XJ 2.7 Diesel has won the 'Greenest Luxury Car' Award And although one of the strengths of Jaguar has been its heritage it has, to a degree, also become its Achilles Heel. The first Jaguar XJs were a triumph when they were launched in 1968, and put Jaguar leaps and bounds ahead of the German competition, in the same way Jaguar had taken the world by storm with the E-Type a few years before. But things started to fall apart for Jaguar in the ’70s with the fiasco that was British Leyland, and by trying to emulate Porsche by making each iteration of the XJ an evolution of the original all they managed to do was cement in the public mindset the failings of the XJ.