| BMW Wants More and Rolls-Royce Asia Chief Seeks China Sales Surge on Demand for $990,000 Car |
|
|
|
|
The comment from BMW CEO Norbert Reithofer is an intriguing one. Speaking at a conference in Europe, Reithofer said that Germany's auto makers, "Have to come up with something new." It's an interesting comment since BMW, Mercedes, and Volkswagen have not been at the forefront of pushing the electric car, which many consider the future of cars. His comments come just a few weeks after BMW announced plans to build Megacity battery powered cars. They will come from the first German factory to mass-produce battery powered cars, and represent a major commitment by a German automaker to electric powered cars. But, as impressive as those plans are, Reithofer believes the industry needs to look beyond electricity. He's right. The problem is nobody, including BMW, is quite sure what will power our cars in the future. My guess is that we're entering a period where consumers will have a variety of choices. [Read the full article] Deliveries of Ford(TM)s F-Series pickups climbed 30 percent through October. Photographer: Jay LaPrete/Bloomberg Nov. 18 (Bloomberg) -- David Cole, analyst and chairman emeritus of the Center for Automotive Research, discusses General Motors Co.'s initial public offering and auto industry outlook. GM returned to public trading today following an IPO that raised more than $20 bilion. Cole speaks with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg) U.S. automobile sales in November may almost match the fastest pace this year as demand for domestic manufacturers(TM) trucks and sport-utility vehicles rose. Industrywide sales, to be released Dec. 1, probably reached an annual rate of 12.2 million vehicles this month, the average of eight analysts(TM) estimates compiled by Bloomberg. That follows the 12.3 million pace of October, the fastest since the U.S. government(TM)s cash for clunkers program in August 2009. Ford Motor Co. [Read the full article] DETROIT (AP) -- General Motors will take another step out of bankruptcy protection Monday when it announces that its Cadillac luxury division will resume sponsoring golf tournaments, a person briefed on the matter said.The automaker plans to announce Monday that Cadillac will sponsor the World Golf Championship in Doral, Fla., said the person, who asked not to be identified because no formal announcement has been made.GM also is working to bring a PGA Tour stop back to Michigan, the person said. Last year, the automaker ended its half-century run as sponsor of the Buick Open golf tournament near Flint, Mich., as it cut expenses while under bankruptcy court protection. Buick ended a nine-year endorsement deal with golf superstar Tiger Woods in 2008.The automaker said in a statement Monday only that Cadillac marketing Vice President Don Butler would make a sports sponsorship announcement in Doral on Monday afternoon.GM has returned to profitability. [Read the full article] 
|