Tuesday, February 26, 2008
Land Rover and Jaguar Deal Set To Close Next Week
Next week, Ford will officially be saying ba-bye to its Land Rover and Jaguar. That is according to reports published in Reuters. As reported earlier this year, Indian automaker Tata Motors won the bidding called by Ford Motors to solve its fiscal crisis, although until now, Ford authorities have not confirmed the news yet.

It is expected that between March 5 and 6, the two automakers will finally announce the results of their agreement regarding the fate of these two luxury car brands in order not to spoil the publicities about the all-new Ford Fiesta at the Geneva Auto Show. Another perceived reason for the delay was the issue about Tata’s engine sources once it gets the Jaguar and Land Rover’s ownership. Questions arise whether the Indian company will still be sourcing the engines and other systems from Ford’s British plants.

In January, it was rumored that the Land Rover and Jaguar dealership cost Tata some $2 billion but because it considers the deal as another giant step towards captivating the international auto market, it came out as the frontrunner in the crucial bidding process joined in by rival Mahindra Motors.

If we shall recall, Ford purchased Jaguar in 1989 for £1.6 billion and owned it for 17 years.


posted by Car Addict @ 2:21 AM  
Monday, February 11, 2008
BMW 3 Series Tops Lease List

When you hear of BMW, what comes to mind? More often than not, you would associate it with luxurious interior, really cool exterior, and a pedal-to-the-metal performance. That has been the image that the German automaker has painted into the back of our minds.

It is thus not surprising that it is ranked as the best leasing vehicle in the United States. According to The Auto Channel, LeaseTrader.com announced its data for December last year and for three months straight, the BMW 3 Series is on top.

According to Sergio Stiberman, founder and CEO of LeaseTrader, the economic slump does not seem to faze consumers from leasing a luxury vehicle. "The BMW 3 Series continues to be the most popular car on our site because it's a marriage of both luxury and affordability," said Stiberman.

"Despite the slowing economy, people still want to enjoy a trendy car with great performance. And the BMW 3 Series delivers at a price point that is very budget-friendly," he added.

The top-ten list of leased vehicle is dominated by the BMW 3 Series but Mercedes-Benz has four vehicles in the list while BMW has three. Cadillac has two and Land Rover, one. Second on the list is the Mercedes-Benz C Class while the BMW X Series is at third. The Land Rover Sport ranked fourth followed by the Cadillac Escalade.

The Cadillac CTS is ranked sixth followed by the BMW 5 Series. Three Mercedes-Benz models bring up the rear with the Mercedes-Benz SL Class in eight place, the Mercedes-Benz E350 ninth and the Mercedes-Benz S550 rounding up the top ten. These vehicles according to The Auto Channel are the "most popular transferred lease vehicles in America during January".

posted by Car Addict @ 8:34 PM  
About Me


Name: Car Addict
Home:
About Me:
See my complete profile

Google
Previous Post
Archives
Links
Template By
Free Blogger Templates