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BMW i8 fetching 50% premiums in UK market
Fri, 12 Sep 2014The BMW i8 (pictured) is commanding a 50% premium The simple rules of a capitalist market is that supply and demand dictate price. Which is why BMW’s i8 hybrid supercar is fetching premiums of up to 50 per cent. With the entire i8 supply sold out for the next year, those with deep enough pockets – and a compelling desire for an i8 – are turning to i8 owners who have already taken delivery and making them offer they can’t refuse.
Audi expands use of diesel in U.S. lineup
Mon, 19 Nov 2012Audi of America will begin offering 3.0-liter V6 diesel engines in the A8, A7 and A6 cars and the Q5 crossover beginning next year. The four TDI diesel-equipped models will make their debuts next week at the Los Angeles auto show. Audi already offers a diesel powerplant in the Q7 crossover but the 2013 model features an updated engine.
MG Rover – Serious Fraud Office (SFO) to investigate
Sun, 05 Jul 2009The Rover 75 Coupe - one of MG Rover's last big ideas before its collapse in 2005 MG Rover was bought from BMW for the princely sum of £10 after BMW had had enough of trying to make a viable company out of a business that was still undermined by the woes – and attitudes – of the British Leyland years. That £10 purchase price also came with £425 million in loans from BMW, so MG Rover had a chance. But the collapse, and the subsequent sale of the rights to the MG trademark to SAIC (Shanghai Automotive Industry Corporation), brought accusations that the ‘Phoenix Four’ – Directors and owners of MG Rover – has acted fraudulently when it was revealed they had acquired more than £40 million in pension rights, salary and assets in the intervening five years between purchase from BMW and collapse.