Luxury car owners aspire to aquatic versions
The Alfieri is a concept car that reflects Maserati’s classic GT heritage. Photo credit: Maserati Fiat Chrysler Automobiles (NASDAQOTH: FIATY ) made news with several debuts at this past weeks’ Geneva International Motor Show. But none were more striking than the Maserati Alfieri. The Alfieri — named for one of the founding Maserati brothers — is a dramatic rethink, at least stylistically, of the idea of a powerful Maserati grand touring car. Maserati says that its design represents the “essence” of its brand, and Fiat’s design chief dropped some big hints suggesting that “something very similar” to the Alfieri was likely to go into production in a couple of years.
If you would like to read more: http://www.fool.com/investing/general/2014/03/09/maserati-alfieri-reveal.aspx
Luxury cars gaining popularity in Myanmar
Actual data on the take-up rate of new vehicles is not available – but it is estimated Yangon has already has more than 200,000 vehicles on its streets. Steve Martin, Asia Pacific regional business manager at Jaguar Land Rover, said: “In terms of buying power, we believe that given that Myanmar has been closed for so long, and now it has really opened with a bang, we believe that there’s a lot of pent-up demand among people who really want to buy luxury items, and clearly cars are significant investments along those lines.” Jaguar Land Rover is just one of many international automobile players entering the Myanmar market – its confidence fuelled by the country’s fast growing economic development. Despite high levels of poverty currently, Myanmar is forecast by the Asian Development Bank to record growth of up to 7.8 per cent per year, and triple its per capita income by 2030. With that comes a potential sky-rocketing of citizens’ purchasing power, and the auto sector is poised to take advantage. Chin Kee Min, general manager at Cycle & Carriage Automobile Myanmar, said: “Currently I think we’re projecting about 200-300 Mercedes Benz a year for the current year.
If you would like to read more: http://www.channelnewsasia.com/news/business/international/luxury-cars-gaining/1022712.html
It costs about $1.3 million. It’s Mercedes Benz rival has twin 1,650-horsepower Mercury Racing engines and a lightweight body. The boat can reach speeds of 140 mph. It costs US$1.5 million.
If you would like to read more: http://www.bignewsnetwork.com/index.php/sid/220389215/scat/3a8a80d6f705f8cc/ht/Luxury-car-owners-aspire-to-aquatic-versions