Yesterday at an extraordinary general meeting (EGM) in Shah Alam, DRB-Hicom’s Chairman Datuk Syed Mohamad Syed Murtaza confirmed what we’ve known for a while, that the company is ‘seriously’ considering its options for Group Lotus, including disposing of its stake to focus on more profitable investments.
January’s Detroit Motor Show looks set to provide a real kick-start to 2013, with a host of new model premieres from the world’s largest car makers. One of those car makers is Hyundai – the fourth largest car maker and the fastest-growing automotive company by brand.
Last week an article was published online by Auto Express magazine, with the title “Lotus’ future is safe”. In the interests of transparency and to ensure an honest dialogue, I’ll provide a little background on the source of this article and why you should still maintain an open mind about Lotus’ future.
The small Yorkshire town of Garforth is a fairly unremarkable place. Once a thriving mining community, its proximity to the northern arterial network has long-since seen it merge into yet another commuter suburb of Leeds’ sprawling metropolis.
Emma Quinlan is a rare breed of car enthusiast, in fact she’s a rare breed of girl. On the surface she appears to be a model, burlesque performer and party host, but get to know her and you’d find she’s an animal lover, outdoors type and huge fan of horse racing.
For any business to function it needs to produce a product or service, sell it to customers, develop new offerings and promote them in order to generate demand. It also needs working capital to pay its suppliers, develop its staff and motivate all involved in its organisation to outperform its competitors. Lotus appears to be doing none of these, and to all intents and purposes is like a patient ‘surviving’ on life support – not ‘living’ – because that would involve actually getting up and doing something, but surviving – as in artificially being kept alive.
Earlier this week, Interbrand, one of the world’s largest branding consultancies, published its 2012 review of ‘Top 100 Brands’. It makes interesting reading, not least because this is the first time Facebook joins the list following its controversial IPO in May.
But of course we’re interested in the Automotive brands and what it tells us about sector’s recovery, following the unprecedented slump in 2009/10.
With electric super car ‘halo’ models entering the fray, environmentally-friendly cars are about to become a lot more desirable. So, what’s the catch?
The competitive landscape for electric vehicles will change forever in 2013, not because of a deluge of sensible, affordable city cars from China, but because the biggest most aspirational car brands will begin a land grab of our heart and minds with a mind-boggling array of super sports cars.
“My friends often ask me if I get scared by what I do or find it intimidating and I have to say no, of course not. It’s not because if I did I’d be slow but it’s because if you’re scared of this sport you’re going to be a danger to yourself, to others and likely to cause an accident. So no, I’m not scared at all.”
These words sound like some long lost mythical quotes by the legendary Ayrton Senna, but instead they’re from the cerebral man most likely to succeed Lewis Hamilton as Britain’s next top racing driver – 17 year old Jack Harvey.
When the Formula One paddock gathers in Suzuka, Japan on 5th October, the tension will be palpable. Fernando Alonso is running away with the 2012 championship as his McLaren and Red Bull rivals flounder with reliability issues.
BMW has announced the official launch of its M135i xDrive at next week’s Paris motor show and although it won’t be available here in the UK, we were curious to find out how it compared with Audi’s RS 3 Sportback – the enthusiast’s choice for those seeking the ultimate in high performance and all-weather traction.
Back in the ’90s I worked with several well-known global companies helping them implement performance measurement systems to prioritise decisions, reward individuals and cut down on the information noise inherent in any leading enterprise.