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Infiniti showrooms to open in UK this autumn
Wed, 10 Jun 2009By Peter Adams Motor Industry 10 June 2009 11:30 Infiniti will finally make it to UK shores in September 2009. The luxury division of Nissan is building its first dealership on the UK's equivalent of Silicone Valley along the M4 corridor – on the outskirts of Reading. Britain's first three Infiniti centres will be in Reading, west and north London.
Mercedes-Benz axes Maybach
Fri, 25 Nov 2011High ranking Mercedes-Benz sources have confirmed to Autoweek that the underperforming Maybach brand will be officially killed off in 2013. The decision to disband Mercedes-Benz’s upper luxury marque comes after a decade of disappointing sales for the Maybach 57 and 62 and a recent decision from the German car maker’s chairman Dieter Zetsche not to push ahead with the development replacement models – the likes of which were tentatively due out in 2014 – owing to what one insider describes as a “positive move to focus greater attention on the Mercedes-Benz brand” . “We’ve come to the conclusion that it is better to cut our losses with Maybach than to continue into an uncertain future with a brand that has failed to live up to original sales expectations," the insider said.
Jaguar-Land Rover sold today (2008)
Wed, 26 Mar 2008By Tim Pollard Motor Industry 26 March 2008 10:18 Ford has finally sold its Jaguar and Land Rover subsidiaries to Indian manufacturing giant Tata Motors. The Blue Oval announced the widely anticipated sale to the US stock markets and employees this morning, confirming it was paid $2.3 billion (£1.2bn) for the two premium British marques. It has sold them wholesale, rather than keeping a stake as it did with Aston Martin - ending a decade of American ownership.Ford bought Land Rover from the BMW-Rover break-up in 2000, 11 years after it acquired Jaguar.