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	<title>Motoring News, Leasing, Maufacturer and Business Issues</title>
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	<link>http://www.leasebam.co.uk/news</link>
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		<title>BMW Also Starting Leasing India</title>
		<link>http://www.leasebam.co.uk/news/bmw-also-starting-leasing-india/</link>
		<comments>http://www.leasebam.co.uk/news/bmw-also-starting-leasing-india/#comments</comments>
		<pubDate>Tue, 18 Oct 2011 19:27:39 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[BMW News]]></category>

		<guid isPermaLink="false">http://www.leasebam.co.uk/news/?p=95</guid>
		<description><![CDATA[Meanwhile, BMW India plans  to launch car-leasing business later this year to rival Mercedes-Benz  that last week started ‘Star Lease’ business. Mercedes is offering its C  Class and E Class sedans on monthly payments starting Rs 96,000 onwards  for three years. The rentals cover insurance and maintenance charges  with the [...]]]></description>
			<content:encoded><![CDATA[<p><span id="advenueINTEXT">Meanwhile, <a href="/Car/BMW/">BMW</a> India plans  to launch <a href="/">car-leasing</a> business later this year to rival Mercedes-Benz  that last week started ‘Star Lease’ business. Mercedes is offering its <a href="http://www.leasebam.co.uk/Car/MERCEDES/C-Class-Saloon/">C  Class</a> and <a href="http://www.leasebam.co.uk/Car/MERCEDES/E-Class-Saloon/">E Class</a> sedans on monthly payments starting Rs 96,000 onwards  for three years. The rentals cover insurance and maintenance charges  with the option of purchasing the car from the company’s used car  showrooms after three years.</p>
<p>Schaaf further said that by 2020, India would be one of BMW’s top ten  markets globally. “We aim to sell around 60,000 cars in India annually  by 2020 and maintain our leadership,” Schaaf added.</span></p>
<p><span>Full story <a href="http://www.mydigitalfc.com/news/bmw-mini-coming-jan-cost-above-rs-2500000-945">mydigitalfc BMW Mini Comming Jan</a><br />
</span></p>
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		<title>4 Year High</title>
		<link>http://www.leasebam.co.uk/news/4-year-high/</link>
		<comments>http://www.leasebam.co.uk/news/4-year-high/#comments</comments>
		<pubDate>Tue, 18 Oct 2011 18:52:05 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[General News]]></category>

		<guid isPermaLink="false">http://www.leasebam.co.uk/news/?p=92</guid>
		<description><![CDATA[Paul Harrison, Head of Motor Finance at the Finance &#38; Leasing  Association, commented: &#8220;These figures show that forecourt finance  continues to be extremely popular. Motor finance has an edge over other  purchasing options in current economic conditions, as customers are able  to negotiate a finance package to suit their budget, whether [...]]]></description>
			<content:encoded><![CDATA[<p>Paul Harrison, Head of Motor Finance at the Finance &amp; Leasing  Association, commented: &#8220;These figures show that forecourt finance  continues to be extremely popular. Motor finance has an edge over other  purchasing options in current economic conditions, as customers are able  to negotiate a finance package to suit their budget, whether it is a  <a href="/">leasing</a>, PCP, hire purchase or a loan agreement.&#8221;</p>
<p>Full Story and Copyright <a href="http://www.thinkmoney.com/loans/news/number-of-cars-bought-on-finance-gits-four-year-high-0-4910.htm">Think Money Number Car Bought 4 year high</a></p>
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		<title>The C-X16 Could Be The New E Type</title>
		<link>http://www.leasebam.co.uk/news/the-c-x16-could-be-the-new-e-type/</link>
		<comments>http://www.leasebam.co.uk/news/the-c-x16-could-be-the-new-e-type/#comments</comments>
		<pubDate>Tue, 11 Oct 2011 15:07:21 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Jaguar News]]></category>

		<guid isPermaLink="false">http://www.leasebam.co.uk/news/?p=89</guid>
		<description><![CDATA[It will be powered by a three-litre petrol engine, with additional  power boosts delivered by an electric engine.
The C-X16 will accelerate from nought to 62mph in 4.4  seconds, yet emit just 165g/km of CO2, Jaguar said.
The iconic Jaguar E-type, which was launched 50 years ago,  &#8220;marked a new era for sports cars [...]]]></description>
			<content:encoded><![CDATA[<p>It will be powered by a three-litre petrol engine, with additional  power boosts delivered by an electric engine.</p>
<p>The C-X16 will accelerate from nought to 62mph in 4.4  seconds, yet emit just 165g/km of CO2, Jaguar said.</p>
<p>The iconic Jaguar E-type, which was launched 50 years ago,  &#8220;marked a new era for sports cars and for Jaguar itself&#8221;, according to  brand director Adrian Hallmark, &#8220;and in many ways the C-X16 is very  similar in spirit&#8221;.</p>
<p>Although the car is shorter than most Jaguars, design  director Ian Callum added that &#8220;the proportions are pure <a href="/Car/JAGUAR/">Jaguar</a> with a  long bonnet and a short rear overhang&#8221;.</p>
<p>&#8220;We didn&#8217;t wish to create a copy of the E-type,&#8221; he said.</p>
<p>&#8220;Instead we&#8217;ve taken inspiration from the car &#8211; its style,  its presence and the sense it was taking a bold step forwards.&#8221;</p>
<p>Full story and copyright <a href="http://www.bbc.co.uk/news/business-14801708">BBC Jahuar Reveals E Type successor</a></p>
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		<title>Mitsubishi Hard To Cut Costs</title>
		<link>http://www.leasebam.co.uk/news/mitsubishi-hard-to-cut-costs/</link>
		<comments>http://www.leasebam.co.uk/news/mitsubishi-hard-to-cut-costs/#comments</comments>
		<pubDate>Tue, 11 Oct 2011 14:48:05 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Mitsubishi News]]></category>

		<guid isPermaLink="false">http://www.leasebam.co.uk/news/?p=86</guid>
		<description><![CDATA[The yen, which hit a record high at ¥75.94 to the dollar on Aug. 19  and a 10-year high against the euro at ¥100.77 earlier this week,  continues to be extremely strong by historical standards. It recently  stood at ¥76.71 and ¥102.30 against the two currencies.
Like many other Japanese auto makers, Mitsubishi [...]]]></description>
			<content:encoded><![CDATA[<p>The yen, which hit a record high at ¥75.94 to the dollar on Aug. 19  and a 10-year high against the euro at ¥100.77 earlier this week,  continues to be extremely strong by historical standards. It recently  stood at ¥76.71 and ¥102.30 against the two currencies.</p>
<p>Like many other Japanese auto makers, <a href="/Car/MITSUBISHI/">Mitsubishi</a> Motors took  aggressive action to slash costs in the wake of the financial crisis and  has continued in the face of the strong yen. But that means &#8220;the room  for reducing costs further is getting smaller,&#8221; the president said.</p>
<p>Still, the company can&#8217;t afford to ease up—hence its plan to increase  the ratio of foreign-made parts it uses in Japan. Mr. Masuko says  Mitsubishi Motors aims to raise it to 21% from 19% by the end of March.</p>
<p>And hoping to lure more Japanese customers into its showrooms, the  company later this month will roll out a a new minivan, the Delica D:3,  which is produced by Nissan as part of the two companies&#8217; partnership.</p>
<p>Read Full Story <a href="http://online.wsj.com/article/SB10001424052970203388804576614270421577538.html">Wall Street Journal and copyright Mitsubishi cutting costs futile</a></p>
]]></content:encoded>
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		<title>BMW Luxury Cars Sales Rise</title>
		<link>http://www.leasebam.co.uk/news/bmw-luxury-cars-sales-rise/</link>
		<comments>http://www.leasebam.co.uk/news/bmw-luxury-cars-sales-rise/#comments</comments>
		<pubDate>Tue, 11 Oct 2011 14:37:39 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[BMW News]]></category>

		<guid isPermaLink="false">http://www.leasebam.co.uk/news/?p=83</guid>
		<description><![CDATA[Sales at BMW’s namesake brand rose 9.3 percent to  128,446 vehicles in September as deliveries of the X3 more than  tripled, the Munich-based automaker said today in a statement. Audi  posted a 17 percent gain, delivering 120,200 autos on stronger demand in  China, the Ingolstadt, Germany-based company said.
“It’s all holding up [...]]]></description>
			<content:encoded><![CDATA[<p>Sales at BMW’s namesake brand rose 9.3 percent to  128,446 vehicles in September as deliveries of the <a href="/Car/BMW/X3/">X3</a> more than  tripled, the Munich-based automaker said today in a statement. Audi  posted a 17 percent gain, delivering 120,200 autos on stronger demand in  China, the Ingolstadt, Germany-based company said.</p>
<p>“It’s all holding up extremely well,” said Arndt  Ellinghorst, an analyst with Credit Suisse in London. The growth rates  of about 20 percent that <a href="/Car/BMW/">BMW</a> and Audi posted in China are “quite  healthy.”</p>
<p>BMW, <a href="/Car/AUDI/">Audi</a>, and Daimler AG’s <a href="/Car/MERCEDES/">Mercedes-Benz</a> are  targeting record sales this year and anticipate demand for high-end  vehicles to outpace the broader auto market in the coming years.  European investor confidence fell to the lowest in more than two years  this month on concern that the region’s debt crisis and weaker growth in  emerging markets will hurt economic expansion.</p>
<p>Full story and copyright  <a href="http://www.businessweek.com/news/2011-10-10/bmw-expands-luxury-car-lead-as-demand-defies-economic-gloom.html">Business Week  BMW Expands Luxury Car Lead</a></p>
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		<title>New Jaguar Plant Could Create 750 Jobs</title>
		<link>http://www.leasebam.co.uk/news/new-jaguar-plant-could-create-750-jobs/</link>
		<comments>http://www.leasebam.co.uk/news/new-jaguar-plant-could-create-750-jobs/#comments</comments>
		<pubDate>Tue, 11 Oct 2011 14:18:19 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Jaguar News]]></category>

		<guid isPermaLink="false">http://www.leasebam.co.uk/news/?p=80</guid>
		<description><![CDATA[JLR chief executive Dr Ralf Speth said it was &#8220;truly exciting news&#8221;  and &#8220;a major commitment for our company&#8221;.
He added: &#8220;We expect the engine manufacturing facility to  create up to 750 highly-skilled engineering and manufacturing posts at  Jaguar Land Rover, along with hundreds more highly-skilled manufacturing  jobs in the supply chain [...]]]></description>
			<content:encoded><![CDATA[<p>JLR chief executive Dr Ralf Speth said it was &#8220;truly exciting news&#8221;  and &#8220;a major commitment for our company&#8221;.</p>
<p>He added: &#8220;We expect the engine manufacturing facility to  create up to 750 highly-skilled engineering and manufacturing posts at  <a href="/Car/JAGUAR/">Jaguar</a> Land Rover, along with hundreds more highly-skilled manufacturing  jobs in the supply chain and the wider UK economy.</p>
<p>&#8220;As we invest £1.5 billion a year for the next five years in  new product developments, expanding our engine range will help us  realise the full global potential of both our Jaguar and Land Rover  brands.&#8221;</p>
<p>Dr Speth said the new four-cylinder engines would increase  JLR&#8217;s capability to offer high-performance engines while ensuring  continued significant reductions in vehicle emissions.</p>
<p>The new engines will be petrol and diesel versions, but JLR  said it would not release any technical details, or say which models  they will be built for.</p>
<p>Dr Speth paid tribute to the &#8220;strong support&#8221; from the  government, trade unions, local MPs, local authorities and the company&#8217;s  own employees.</p>
<p>Full story and copyright  <a href="http://www.bbc.co.uk/news/uk-england-birmingham-14968779">BBC Jaguar New PLant Confirmed</a></p>
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		<title>Lifetime Warranty Vauxhall</title>
		<link>http://www.leasebam.co.uk/news/lifetime-warranty-vauxhall/</link>
		<comments>http://www.leasebam.co.uk/news/lifetime-warranty-vauxhall/#comments</comments>
		<pubDate>Mon, 10 Oct 2011 21:39:03 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Vauxhall News]]></category>

		<guid isPermaLink="false">http://www.leasebam.co.uk/news/?p=77</guid>
		<description><![CDATA[Lifetime Warranty is unique in the UK and provides first registered  keepers of a new Vauxhall with no upper time limit on their warranty,  until the car has covered 100,000 miles. No other manufacturer has  managed to rival the Vauxhall Lifetime Warranty and offer its potential  for complete peace of mind [...]]]></description>
			<content:encoded><![CDATA[<p>Lifetime Warranty is unique in the UK and provides first registered  keepers of a new <a href="/Car/VAUXHALL/">Vauxhall</a> with no upper time limit on their warranty,  until the car has covered 100,000 miles. No other manufacturer has  managed to rival the Vauxhall Lifetime Warranty and offer its potential  for complete peace of mind throughout a car’s life.</p>
<p>And we do mean the <em>lifetime</em> of a car. So, to celebrate  Lifetime Warranty’s first anniversary, Vauxhall is out to find the  oldest car in the UK wearing the Griffin badge that’s still road legal,  has covered less than 100,000 miles and has been owned by the same  person from the date of first registration.</p>
<p>All Vauxhall’s qualify, and if the Prince Henry (pictured, next to  the British-built Astra Sports Tourer) had not out-survived its original  owner it would too, having covered little more than 50,000 miles in the  last 100 years.</p>
<p>So, if you still own a Victor, Viva, Ventora, or even a Lotus  Carlton, and bought it new all those years ago, Vauxhall would like to  hear from you.</p>
<p>Full story and copyright Vauxhall media Lifetime warranty</p>
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		<title>Kia&#8217;s Sales Increase Globally</title>
		<link>http://www.leasebam.co.uk/news/kias-sales-increase-globally/</link>
		<comments>http://www.leasebam.co.uk/news/kias-sales-increase-globally/#comments</comments>
		<pubDate>Mon, 10 Oct 2011 21:32:06 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Kia News]]></category>

		<guid isPermaLink="false">http://www.leasebam.co.uk/news/?p=74</guid>
		<description><![CDATA[The latest month&#8217;s totals took Kia&#8217;s year-to-date global sales  (passenger cars, recreational vehicles (RVs) and commercial vehicles) to  1,827,622, a gain of 18.2% from the 1,546,608 recorded in the  January-September 2010 period, with overseas sales ahead 22.2% at  1,460,008 (1,194,508) and domestic sales again up 4.4% at 367,614  (352,100).
September overseas [...]]]></description>
			<content:encoded><![CDATA[<p>The latest month&#8217;s totals took Kia&#8217;s year-to-date global sales  (passenger cars, recreational vehicles (RVs) and commercial vehicles) to  1,827,622, a gain of 18.2% from the 1,546,608 recorded in the  January-September 2010 period, with overseas sales ahead 22.2% at  1,460,008 (1,194,508) and domestic sales again up 4.4% at 367,614  (352,100).</p>
<p>September overseas sales were dominated by passenger cars, with sales  of 100,413, 15.6% ahead of the September 2010 total of 86,836, with  recreational vehicles (RV) contributing 71,646 (55,114: +30.0%) and  commercial vehicles (CVs) 3,725 (5,110: -27.1%). Year-to-date passenger  car sales amounted to 808,137 (704,426: +14.7%), with RVs adding 613,674  (449,104: +36.5%) and CVs 38,197 (40,979; -6.8%).</p>
<p>In September, <a href="/Car/KIA/">Kia</a> posted strong double digit year-on-year sales  increases in many of its major sales regions – 45.9% in China (46,170  units sold, versus 31,645), 20.6% in North America (41,997 units sold,  versus 34,816) and 20.6% in western and eastern Europe combined (47,256  units sold, versus 39,174). In contrast, sales in general markets  (includes Central and South America, the Caribbean and Asia [excluding  China and South Korea], the Pacific, Middle East and Africa) declined by  2.6% (40,361 units sold, versus 41,425).</p>
<p>Read full story and copyright <a href="http://www.automotiveworld.com/news/oems-and-markets/89733-south-korea-kia-s-global-sales-rise-16-3-in-september">Automotive World Kia&#8217;s Global sales rise</a></p>
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		<title>First Car</title>
		<link>http://www.leasebam.co.uk/news/first-car/</link>
		<comments>http://www.leasebam.co.uk/news/first-car/#comments</comments>
		<pubDate>Mon, 10 Oct 2011 21:17:23 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Honda news]]></category>

		<guid isPermaLink="false">http://www.leasebam.co.uk/news/?p=71</guid>
		<description><![CDATA[The programme offers buyers an excise tax rebate of up to 100,000 baht. It initially encompassed all types of vehicles but was later adjusted to include only passenger cars with an engine capacity of no more than 1,500cc or pickups priced below one million baht.
After receiving complaints from importers and automakers whose models did not [...]]]></description>
			<content:encoded><![CDATA[<p>The programme offers buyers an excise tax rebate of up to 100,000 baht. It initially encompassed all types of vehicles but was later adjusted to include only passenger cars with an engine capacity of no more than 1,500cc or pickups priced below one million baht.</p>
<p>After receiving complaints from importers and automakers whose models did not qualify, the government says it will alter the plan to include 1,600cc models and imported vehicles, pending cabinet approval this week.</p>
<p>Pitak Pruittisarikorn, the director of Asian <a href="/Car/HONDA/">Honda</a> Motor, said customers have put off decisions while they wait for clear conditions. Honda has called for all models to be included in the programme.</p>
<p>&#8220;Currently the market is so confused. Consumers are wondering which model they should buy,&#8221; said Mr Pitak, also a vice-chairman of the Federation of Thai Industries&#8217; Automotive Industry Club.</p>
<p>&#8220;In order to create no more confusion, I think they should make just one revision of the plan by including all types of vehicles in the tax rebate.&#8221;</p>
<p>Full story and copyright <a href="http://www.bangkokpost.com/business/marketing/258279/first-car-contemplation">Bangkok Post First Car Contemplation</a></p>
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		<title>Hyundai Has An Enviable Problem In The US</title>
		<link>http://www.leasebam.co.uk/news/hyundai-has-an-enviable-problem-in-the-us/</link>
		<comments>http://www.leasebam.co.uk/news/hyundai-has-an-enviable-problem-in-the-us/#comments</comments>
		<pubDate>Mon, 10 Oct 2011 01:10:53 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Hyundai News]]></category>

		<guid isPermaLink="false">http://www.leasebam.co.uk/news/?p=68</guid>
		<description><![CDATA[Hyundai&#8217;s growth and the glowing reviews for the latest versions of its Sonata midsize sedan, Elantra compact sedan and Accent subcompact lead some analysts to predict that it could grow within a few years into the world&#8217;s top seller. The recent misadventures of General Motors (GM) and Toyota (TM), which have been first in sales [...]]]></description>
			<content:encoded><![CDATA[<p>Hyundai&#8217;s growth and the glowing reviews for the latest versions of its <a href="/Car/HYUNDAI/Sonata-Saloon/">Sonata</a> midsize sedan, Elantra compact sedan and Accent subcompact lead some analysts to predict that it could grow within a few years into the world&#8217;s top seller. The recent misadventures of General Motors (GM) and Toyota (TM), which have been first in sales before, show that the No. 1 title may be a poisoned chalice. &#8220;One of the concerns is that our current quality systems won&#8217;t hold up if they&#8217;re forced to accommodate too much production,&#8221; said Mike O&#8217;Brien, vice president of product planning at Hyundai&#8217;s U.S. headquarters in Fountain Valley, California.</p>
<p>Although dealers are losing potential sales because they don&#8217;t have enough cars on hand, <a href="/Car/HYUNDAI/">Hyundai</a> is benefiting via strong pricing of the vehicles they do sell. According to Edmunds.com, the average Hyundai vehicle sold in August carried a discount worth $737, compared with an average discount of $2,385 for all brands. Hyundai has begun extensive leasing programs for Elantra and Sonata, charging monthly rates of $169 and $199 respectively. Last year was the first that Hyundai was able to lease more than 10% of its vehicles; this year the rate already is at 19%.</p>
<p>Dealers like the <a href="/">leasing</a> programs because so many customers prefer the predictability of a three-year contract and buyback and because the agreements more or less assure the dealers a chance to sell another car when the lease expires. Leasing wasn&#8217;t possible in the franchise&#8217;s early days in the U.S. due to the weak residual value of used Hyundais. Now, that figure has turned into one of the industry&#8217;s strongest.</p>
<p>Full story and Copryright <a href="http://tech.fortune.cnn.com/2011/09/22/hyundai-shortage/">CNN Hyundai Shortage</a></p>
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