Crossovers are key to BMW pursuit of Lexus

February 24th, 2010

Lexus widened its lead over BMW as the best-selling luxury brand in the United States last year. But BMW’s top U.S. executive aims to overtake his rival in 2011 or 2012 after three new crossovers are introduced.

“Ask me in 2011 and I will say we have a chance,” Jim O’Donnell, CEO of BMW of North America, said here this month at the National Automobile Dealers Association convention. “Come 2012, I would think we have a very good chance.”

Lexus has long been the luxury champ, but BMW narrowed the gap in 2007 and 2008 before losing ground in 2009.

Last year, BMW — excluding Mini and Rolls-Royce — sold 196,502 vehicles, down 21 percent from a year earlier. Lexus sold 215,975 vehicles, down 17 percent.



Hi Welcome back. Have you subscribed to my feed to remain updated on new posts? If not, click here to subscribe to Are You Car Crazy. Thank you!

Enter your email address:

Delivered by FeedBurner

GM completes sale of Saab to Spyker

February 24th, 2010

Entry-level car being considered for new Saab, Muller says

DETROIT — General Motors Co. today completed the sale of its Swedish Saab brand to Dutch luxury sports car maker Spyker Cars NV, marking the first successful sale of one of its four unwanted U.S. brands.

The transaction combines Saab Automobile and its 3,400 employees with Spyker Cars and its 110-plus workers under parent company Spyker Cars NV.

“The focus as of today will be on getting back to business,” Jan Ake Jonsson, CEO of Saab Automobile, told reporters today. Executives want to refocus the identity of the Saab brand “to create an innovative, free-thinking company based on our Swedishness,” he said.

Toyota India to double sales in 2011 on the back of Etios

February 23rd, 2010

Unabashed by the crisis that hit the company’s US operations, Toyota Kirloskar Motors(TKM), the Japanese carmaker’s Indian subsidiary, is bullish on doubling its sales in 2011 from an estimated 70,000 units this year on the back of its upcoming B segment car, the Etios. Etios will also be the first car that Toyota will export from its Indian operations.

The company had sold 55,497 units in the country in 2009 calendar year , which was mainly led by Innova sales. The popular sports utility vehicle(SUV) from the Toyota stable sold around 42,700 units as against 9100 units of the Corolla and 3150 units of the Fortuner. “We hope to sell around 70,000 units of the Etios only in 2011, taking our net sales to well above 1.4 lakh units”, informed Koji Nagata, executive managing coordinator and director(marketing), TKM.

Read more…

Maruti recalls 100,000 A-Star

February 23rd, 2010

The country’s largest carmaker Maruti Suzuki India is recalling about one lakh units of its flagship export model ‘A-Star’ to replace a faulty fuel pump part.

According to sources, the company is replacing a faulty rubber gasket in about one lakh cars — manufactured before August 2009 and sold in domestic as well as overseas markets, to prevent any possible fuel leakage.

The problem was discovered in an internal survey by the company and no complaint has been received so far, they added.

When contacted, a company spokesperson said: “At Maruti Suzuki, we constantly monitor quality of our products through feedback and internal analysis. In one such exercise in November, 2009, we came across an anomaly reported in the fuel tank in some of the vehicles and by December, 2009, we started contacting the customers through letters.”

The company started replacing the gasket from December, 2009, and has so far changed the part in about 50,000 units.

Maruti Suzuki India (MSI) had launched its fifth global model — A-Star — on November 19, 2008. The 998cc K10B petrol engined car is manufactured only in India at its Manesar facility.

The recalled vehicles belong to a lot made till August 22 last year, the spokesperson said.

“No problem has been reported by customers. However, as a proactive step, we decided to check all vehicles from the lot, around one lakh units including those exported overseas. We are changing fuel pump gasket and ‘O’ ring at no cost to customer,” he added.

The final cost for this replacement would be shared with the supplier partner after completion of the entire exercise.

A-Star is currently exported to about 70 countries and is sold as Suzuki Alto in Europe, South Africa, Australia and New Zealand. Besides, some of the other major markets are Chile, Angola, Saudi Arabia, Morocco, Algeria and UAE, where it is sold as Suzuki Celerio.

Japanese car major Nissan also sells A-Star in the European market under a contract manufacturing agreement with MSI’s parent Suzuki. Nissan sells the model as Pixo.

In December last year, A-Star had crossed one lakh mark of overseas shipments in less than a year of selling the car in the global markets. It started the export of the car since January, 2009. The company is expecting to double its export this fiscal on the back of robust demand from A-Star, as against 70,023 units in 2008-09.

Last month, Japanese auto major Honda recalled 8,532 units of its sedan City in India due to defective power window switch as part of a global recall initiative. The company’s Indian subsidiary, Honda Siel Cars India, would call back the lot of the 2nd Generation City, manufactured in 2007, for a preventive part replacement.

  • Car Finance


  • Car Makers


  • Sponsor Links



  • Useful Tools


  • Categories

  • Archives