Archive for the 'BMW' Category

SUV sales plunge as fuel prices rise

Saturday, August 16th, 2008

The days of the huge SUVs such as the Hummer, Porsche Cayenne and Audi Q7 are numbered as high fuel prices and a bad eco-image are causing sales to plunge. Manufacturers are offering a better alternative in the compact SUV segment.
Hollywood stars such as Arnold Schwarzenegger and James Cameron were often seen driving the fuel-guzzling […]

BMW to recall 1,50,000 vehicles for airbag sensor problem

Friday, August 15th, 2008

BMW will recall around 150,000 vehicles in North America to fix a possible defect that may keep the front passenger airbag from opening in a crash, the world’s biggest premium carmaker said here today.
The voluntary recall concerns the front passenger airbag seat sensor mat in certain 2004-2006 model year vehicles, a company spokesman in Munich […]

BMW to launch X6 in India next year

Thursday, August 7th, 2008

BMW, the world�s leading premium car maker, plans to launch X6, its sports cars in the domestic market next year. The company�s India President, Mr Peter Kronschnabl, said while inaugurating its studio, �We should be launching X6 by middle of the next calendar year.�
On its decision to launch MINI here, he said, �We have decided […]

Track event: Mercedes-Benz and BMW head for a close finish

Thursday, August 7th, 2008

The luxury car market is heading for a German finish. The two luxury marques—Mercedes-Benz and BMW—are racing against each other to get the coveted top slot in the segment.
BMW India, on the back of 70% growth in sales, is vying to clinch the top slot from Mercedes-Benz, it’s worldwide bete noire, to emerge as the […]

BMW joins hands with ORIX to lease out cars

Friday, August 1st, 2008

Luxury carmaker BMW India on Thursday said it has tied up with ORIX Auto Infrastructure Services for leasing its cars in the country.
“BMW India signed a cooperation agreement with ORIX Auto Infrastructure Services Limited (OAIS) for leasing services of BMW Cars in India,” the company said in a statement. More
Courtesy: indiacar.net

BMW introduces new 5 Series in India

Thursday, July 10th, 2008

German luxury car maker BMW today introduced new variants of its 5 Series sedan priced in the range of Rs 36.9 lakh and Rs 46.8 lakh as it looks to strengthen its presence in the country.
The new variants, BMW 520d, 530d and 530d Highline powered by diesel engines, will be additions to its existing petro […]

Chennai fast emerging as ‘Detroit of South Asia’

Sunday, July 6th, 2008

Fast emerging as the “Detroit of South Asia”, with several auto majors making a beeline to the city pouring in money for rapid expansion to meet the burgeoning demand, Chennai is poised to shift gears as the investment in the auto sector was expected to swell four fold from the present $4.5 billion by 2015. […]

Ashok Minda Group acquires German interior maker

Thursday, June 26th, 2008

Strengthening its presence in the European market, leading auto component maker Ashok Minda Group on Thursday announced acquisition of German interior component supplier Schenk Plastic Solutions for an undisclosed amount.
“The company has signed a 100 per cent share purchase agreement with Schenk Plastic Solutions, the final closure of which is expected by August this year,” […]

Indian automobile industry cruises in top gear

Thursday, June 5th, 2008

The Indian automobile market has undergone a transformation in the past decade. Unlike the early 1990s when only a handful of models were available, the customer today has the choice of riding home in a wide array of models with virtually every global car manufacturer setting up base in the country. As the fast-growing economy […]

BMW Announces “Modest” Price Increase On Most North American Product Line

Tuesday, June 3rd, 2008

BMW announced today that it has implemented a modest mid-year price increase of less than one percent for its 2008 product line, effective as of June 1. This is the first price increase in over one year despite continually rising raw materials costs and ongoing exchange rate pressure. Minor increases have also been made to […]