This is What Happens When You Keep Your Eyes on the Girl

The title of this post is pretty much self-explanatory, but if you insist here's the skinny: a man riding his scooter on the road spots a young and apparently attractive woman dressed in a knee-high dress walking on foot.
And as it surely has happened to so many others, one quick look didn't satisfy our protagonist's curiosity (or possibly admiration) so he let his guard down and turned his focus away from the road to get a 360 view of the young woman… See what happens next after the break in the security camera footage.

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Saab Sells 5 Million Shares!!

Exactly a month ago to this day, Saab announced a deal with China's Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co while also revealing a grand plan for expanding its range with three new models, the 9-1, 9-6X and 9-7. It also delivered its first 9-4X in the US. All’s well that ends well, right?

Well, in Saab’s case it looks like we haven’t seen the end just yet. The Swedish firm continues to face a cash-flow problem. Thus, it issued a press release concerning the subscription notice for 5 million shares under a €150 million agreement between Swan and GEM Global Yield Fund Limited.
In other words, the Swedish company is offering a part of its shares for sale, with their price determined on a 10-day pricing period that commenced on August 3.
Saab also said that it expects to pay its white-collar workers' delayed salaries by Friday.Meanwhile it continues negotiations with other parties in order to restart production at the end of August and to fulfill the 11,000 orders it claims it already has received.

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Fiat Marks 500 Launch in China

The first Fiat 500 to make its way into China was presented today in Shanghai by Fiat Group Executive Vice President for International Operations, Lorenzo Sistino.

To celebrate the launch, Fiat crafted a special version named 500 “First Edition” featuring bodywork graphics by five young Chinese designers. The special edition will be available in a limited run of just 100 numbered units ahead of the city car’s regular launch in China on September 15.

The 500 “First Edition” is based on the Lounge trim featuring a three-coat pearlescent white body color, red leather interior and special badges on the door pillars. It is equipped with the 1.4-liter MultiAir engine that delivers 101HP and is mated to a 6-speed automatic gearbox.

The normal 500 that arrives in China in September will feature the same engine and gearbox offering buyers a choice of three trim levels (Pop, Sport and Lounge), 12 body colours, 9 color-material combinations for the upholstery and two interior trims (black or ivory).

All who place an order for the Fiat 500 between July 12 and September 15 will automatically enter a draw with the winner being able to exchange his or her car with one of the 100 “First Edition” models.

Sistino said the 500 hatchback will be followed next year by the 500C convertible and the “500 by Gucci” version, while he also revealed that next year Fiat will launch a new saloon made in its Chinese plant in Changsha with its local partner GAC.

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Chinese Buyers Prefer European over Local Brands

Car buyers’ preferences in China are shifting towards European models and away from domestic and even Japanese vehicles, according to a new study published today by JD Power Asia Pacific. This is the third year that the study takes place.

The latest edition included 65 brands and 161 separate models in nine segments and is based on responses from 4,979 potential buyers of new-vehicles located in 53 cities.

JD Power said it examined pre-purchase perceptions amongst Chinese consumers who intend to buy a new car in the next 12 months. The results show that the percentage of potential new car buyers considering a model by a European carmaker has increased substantially, from 25% in 2009 to 32% in 2001.

The reasons cited are positive perceptions of safety and engine and transmission technology, as well as strong recommendations from friends and family for European cars.

On the other hand, consideration for models by Japanese carmakers has followed the opposite direction, dropping from 32% in 2009 to 27% this year. New car buyers said that they don’t have the same confidence in quality, reliability and dealer service, nor do they receive positive feedback from family and friends.

Domestic carmakers are also facing a decrease in car buyers’ preferences, from 26% in 2009 to 20% in 2011. Poor quality, negative reviews and a lack of recommendation from family and friends are cited as the main reasons.

The study also showed that brand awareness and perception differs according to location and plays a major role in considering a new model.

“Brand awareness does depend on location; for example, in the South region, Japanese brands have particularly high brand influence due to their long tenure there,” said Dr. Mei Songlin, general manager of research at J.D. Power Asia Pacific, Shanghai.

Models with the highest levels of consideration in each segment:

• Compact segment: BYD F0 and Chery QQ3
• Premium compact segment: Chevrolet Sail
• Entry midsize segment: Volkswagen Polo
• Midsize segment: Chevrolet Cruze
• Lower premium midsize segment: BYD F6
• Upper premium midsize segment: Honda Accord
• Luxury segment: Audi A4L
• SUV segment: Volkswagen Tiguan
• MPV segment: Buick GL8

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aab Announces New 9-1, 9-6X and 9-7

Saab’s parent company Swedish Automobile NV said on Monday it converted the non-binding memorandum of understanding with Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co into a final agreement. However, the deal is still subject to regulatory approval from Chinese and Swedish authorities as well as the European Investment Bank.
In addition to the above agreement, Saab announced the formation of a Sweden-based joint venture company between itself and Youngman called NPJV, which will focus on the development of three new product models.
According to the Swedish automaker, these include an entry-level 9-1 and two premium cars, named 9-6X (most likely an SUV because of the "X" designation) and 9-7 (presumably a 7-Series competitor) which didn’t feature in Saab’s original plans.
The NPJV will be 50 percent owned by Saab Automobile and 50 percent by Youngman Passenger Car.
“Within the development process of these three new vehicle lines, Saab Automobile will be responsible for controlling and managing the design, the development and testing process to the start of production and providing other necessary technical and quality control support,” Saab said in a statement.
The Swedes added that Youngman’s passenger car division will be “responsible for providing the necessary financial investments in the joint venture”. Saab did not say where these models will be built, but manufacturing will most likely take place in China.
Mr. Pang Qingnian, CEO of Youngman, commented: “The agreement on the New Product Joint Venture brings together the best of both worlds, merging the industrial and financial strength of Youngman Passenger Car with the state-of-the-art technical expertise of Saab Automobile. The Saab '9-6X' and Saab '9-7' will be key to enhancing the prestige of the Saab brand to an even larger group of customers in China and the US, while the entry level Saab '9-1' will appeal to urban motorists around the globe.”

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Bentley Defies Crisis with a 20% Increase in Sales

Crisis? What crisis? For you and me, perhaps, but not for Bentley buyers. The VW-owned British luxury carmaker announced today a 20% increase in global sales for the first half of 2011 with 2,978 cars delivered to customers, the best start for the company since 2008.
The luxury marque attributes this surge in sales to the high demand for the new Continental GTas well as the increasing popularity in (least we forget, communist…) China, where Bentley sales have risen by 57% compared to the same period last year, to 680 cars. Thus, it has become the manufacturer’s second best market, behind only the US (George Orwell's "Animal Farm", anyone?).
Not to be outdone by China, the capitalist West has contributed its fair, albeit smaller, share to Bentley’s rise. In Europe, sales have increased by 25% (494 cars) and in the USA by 23% (907 cars). Only in Japan, due to the recent catastrophic natural disasters, and the Middle East, where political unrest rules, have sales declined.
So, well done Bentley - and well done to all the fat cats out there, be they…capitalists or…communists, who are rapidly increasing in numbers each day.

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