Inside Line has the skinny on BMW's new product unveils for the upcoming show season. Paris and L.A. are the headliners, with the City of Light chosen as the backdrop for the official public debuts of the all-new 7 series (including an ActiveHybrid variant) and facelifted 3 Series. While those cars will get their fair share of attention, all eyes will likely to be on the concept X1, which will also make its world debut in Paris.
The baby ute should be to the X3 what the 1 Series is to the 3. As for its "concept" status, if Bimmer concepts in recent years are any indication (think M5, Z4 Coupe, and M3), the X1 show car and production vehicle should be essentially one and the same. The next major unveiling involving a roundel-wearing car will take place this November in Los Angeles, where the redesigned Z4 will be introduced. According to Inside Line, it'll go on sale in January. As for the X1? Time will tell. Details on if and/or when it'll be offered in the States aren't available yet.
BMW X1, 7 Series hybrid headed to Paris; Z4 to debut in LA
Thursday, August 28, 2008 at 12:26 PM Posted under Tags : 2009 BMW z4, 2009BmwZ4, BMW, los angeles, LosAngeles, paris, suv, x1, z4
Two Arab investors interested in HUMMER
Wednesday, August 27, 2008 at 3:27 AM Posted under Tags : arabic hummer investors, ArabicHummerInvestors, gm, hummer, hummer sale, HummerSale, suv
The HUMMER brand isn't exactly sterling here in the States due to high fuel prices and its standing as the poster vehicle for green groups trying to save the environment from the evils of CO2 emissions. That's probably the biggest reason GM is looking to offload the brand, and while it doesn't seem likely that anyone would want the marque, there are interested parties. According to GM's Middle East Managing Director, Terry Johnsson, one group is a pair of Arab investors. The Middle East has been a player in the automotive landscape over the past few years, as the region is rife with cash and oil and has growing transportation needs. Arab investors were 50% of the Aston Martin sale in 2007, and Abu Dhabi's investment group purchased 5% of Ferrari in 2005.
Many of the early suitors for the HUMMER brand have since decided to bow out. Whether the final buyer is Tata Motors, investors from the Gulf, or some yet unknown party, the General will want to move quickly before the brand's value falls any further.