Hyundai Creates First Luxury Car
November 21st, 2007
Hyundai is turning things around and taking on the big guns (Toyota and Lexus) by creating the new Concept Genesis prototype. It is their first luxury car that has the similar design of a BMW. Hyundai stated that even though it will be a luxury car we can expect it to cost much less than $30,000 – which is something that puts a smile on our face.
The Genesis concept features a V-8 engine–the type of power plant widely used by such luxury automakers as Jaguar and Mercedes-Benz. The highest-caliber sedans, such as BMW’s 7 Series and Mercedes-Benz’s S-Class, use V-8 or V-12 engines, so Hyundai’s first V-8 is a step into the big leagues for the automaker.
Honda Begins Production Of FCX
November 16th, 2007
Automakers everywhere are breaking away from the usual line of cars that they create and are stepping foot into unknown waters. None is doing this more than Honda who is working at putting their FCX concept into production. The FCX is important because it will become the world’s first fuel-cell vehicle that is available for anyone.
The FCX is electrically propelled, electricity generated by its fuel cell, seats four and comes with luxury equipment that includes an infotainment system, air-conditioned seats and a premium hi-fi. It is a little bigger than a Honda Accord and is slightly larger than the concept. The only difference is that the production model has a conventional radiator grille and the chassis is built out of steel.
Mahindra Enters Bidding For Jaguar After Teaming Up With Apollo
November 12th, 2007
The bidding for Jaguar and Land Rover is still going on and just as it nears the end Apollo – the American private equity house – has decided to join in. They have chosen to team up with the Mahindra & Mahindra – the Indian tractor builder – and will be seeing it through to the end hoping to get their hands on the two automakers.
Mahindra had put in dubs earlier in the race – but pulled out for what reason we don’t know. Yet, with the support of Apollo they decided that they have a much better chance at winning.
