Showing posts with label BMw. Show all posts
Showing posts with label BMw. Show all posts

Tuesday, March 15, 2011


BMW’s plans to announce the BMW X3 in the Indian automobile market and the time has come as during May & June 2011 the car will hit the market irony. We are surprised to see BMW claim at such a high rate as it launched BMW 320d Performance Edition a couple of days back, then announced of the BMW 6 Series launch.

The next supplement BMW X3 Sports Activity Vehicle is supposed to bring a important change in the company’s briefcase and sales figures since reports say that the car will be imported as CKD unit and not as CBU unit thereby reducing the overall cost per product. This strategy certainly will help the brand price it competitive enough in the market and expectedly attain a better growth. From June 2011 the company will start assembling the car inspite of the current ambiguous stand held by the Indian government which is supposed to be defined in the 2011 Union Budget. Considering the base model the car is supposed to be priced below Rs 40 Lakh and above for higher models.

2011 BMW X3 Sports Specifications In India

  • Base engine size – 3.0 liter
  • Base engine type – l-6
  • Horsepower – 240 BHP
  • Horsepower rpm – 6600
  • Torque – 221 lb-ft
  • Torque rpm – 2750
  • Payload – 904 lbs
  • Drive type – all wheel drive
  • Turning radius – 19.5”

Dimensions( In Inches)

  • Length – 183
  • Body width – 74.1
  • Body height – 65.4
  • Wheelbase – 110.6
  • Ground clearance – 8.3
  • Curb – 4112 lbs
  • Gross weight – 5137
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Tuesday, March 1, 2011

BMW has launched their new 2011 BMW 7 Series 760Li.New model of BMW include some advanced features and technologies.BMW relieved full specifications of 2011 BMW 7 Series 760Li and that contains 2011 BMW 7 Series 760Li features and 2011 BMW 7 Series 760Li overviews.You will have to get a full and detailed structure of 2011 BMW 7 Series 760Li from here.

2011 BMW 7 Series 760Li Specifications and Features
2011 BMW 7 Series 760Li pictures,Photos and images

Some rare and high quality wallpapers of the 2011 BMW 7 Series 760Li has been included here.2011 BMW 7 Series 760Li price may be very with Addition of extra segments.Click each 2011 BMW 7 Series 760Li wallpapers form 2011 BMW 7 Series 760Li gallery and get high quality-high resolution wallpapers of 2011 BMW 7 Series 760Li.

The latest 2011 BMW 7 Series 760Li is well designed and entirely updated from old version.The new 2011 BMW 7 Series 760Li is powered with 6.0L V12 liter engine and 2011 BMW 7 Series 760Li car with 8 Speed Automatic gears . the working of engine can produce a 535@5250 hp power.New BMW car gives fuel consumption of 13/19 in city/Hwy.

2011 BMW 7 Series 760Li is a 4 seater vehicle and cruising range is 325.5 miles.The new car from BMW has a compression of 5972/363 and 3.50x3.15 displacement.BMW developed their new model 2011 BMW 7 Series 760Li in luxury stile and $137,000 priced.The Bore X Stroke of the 2011 BMW 7 Series 760Li is 3.50x3.15.


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Monday, February 28, 2011

BMW 3-Series Coupe, 2011

 


BMW has announced substantial enhancements to the 2011 BMW 3-Series Coupe and Convertible, including outstanding style updates for 328i and 335i models and a new engine for 335i models. The 2011 BMW 3-Series Coupe and Convertible models will go on sale in Spring 2010, and pricing will be announced closer to the on-sale date.

Fundamentally unchanged are each car's essential attributes of rear-wheel drive (xDrive is available on the Coupe), near-perfect 50-50 weight distribution, remarkably precise steering, and skillfully engineered suspension…all of which conspire to produce the uniquely satisfying driving experience that is quintessentially BMW.

All-new is the engine for the 335i model. Internally designated the "N55," this turbocharged, all-aluminum engine features essentially the same "short block" and 3.0-liter displacement of its predecessor, but benefits from five additional years worth of development and refinement. The result is an engine that is more responsive, more fuel efficient, and cleaner-running than its outstanding predecessor, but preserves the previous engine's output and soul: 300 horsepower and 300 lb-ft of torque, and a 7,000 rpm redline. The 6-speed manual gearbox - beloved by North American enthusiast drivers - remains standard, and the well-known 6-speed Steptronic automatic is optional, now featuring "pull-style" shift paddles on the multifunction steering wheel.

Design. Reflecting the legendary distinction of BMW Coupes and Convertibles

The profile of the BMW 3-Series Coupe and Convertible is instantly recognizable at first glance. Beyond the basic shape of the car and its classic lines, the new design of the headlights, the enhanced depth and detail of the taillights, the interior, and even the exterior mirrors were specifically created for the Coupe and Convertible. These unique design elements reflect the sporty character of the car. The driver who chooses a two-door vehicle desires a car with dynamic looks as well as driving performance. With this in mind, BMW engineers and designers set out to create a unique, unmistakable blend of design features and most importantly, driving pleasure.

It all begins with proportions. The new, long hood powerfully symbolizes BMW's loyalty to the inherently balanced inline-6 engine. The long wheelbase, short overhangs, the passenger compartment set aft and the low, sleek roofline which seamlessly slopes into the trunk are all characteristics of the BMW Coupe and BMW retractable hardtop Convertible.

In addition to the classic proportions, three design lines—the shoulder, character and lower sill lines— enhance the sleek appearance. Both the shoulder line and character line stretch uninterrupted to the back of the car, allowing one's eye to move quickly and smoothly from front to rear along the entire length of the car. The sill line of the lower edge of the door flows into the front and rear air dams, reinforcing the dynamic nature of newest BMW 3-Series Coupe and Convertible.

The combination of lines flowing into one another elegantly emphasizes the vehicles' performance potential. While the shoulder line rises slightly but consistently from front to rear, the character line flows in a long, stretched arch all the way from the front fender to the new taillights. As the sill line, by contrast, moves up slightly to the rear in a slow and gentle curve, the distance between the character and sill lines becomes smaller near the rear wheel arches. The fender flare around each rear wheel also serves to give the character line extra tension in both an upward and outward direction.

Attractive new innovations at the front, side, and rear - integrated precisely into the overall look of the car- give greater emphasis to the sportiness of both models. At the same time, these modifications slightly extend the overhangs front and rear (now 1.14" and 0.12" longer, respectively), which adds a sleeker and even more athletic appearance.

The new, widened kidney grille, a signature feature of every BMW, suits the broad new hood and stands out from the surfaces around it. Interaction with the three-dimensional kidney frame creates a look of power and unique style. The frame around the kidney grille now features a chrome band precisely twisted within itself.

The BMW 3-Series Coupe and Convertible come standard in the U.S. with Xenon Adaptive Headlights, accented by BMW's signature corona light rings. At the top, the new headlights merge into a trim bar cutting off the light beam to create that concentrated, focused look typical of a genuine BMW. The corona rings, now powered by super-bright LED light sources, can serve as daytime running lights (if that feature is activated), and also as evening city lights, making the Coupe and Convertible instantly recognizable as a BMW, day or night. The upper edge of each headlight fixture is also illuminated by an LED light source.

The new design of the taillights is unique to the BMW 3-Series Coupe and Convertible. The rear light cluster feature two-piece L-shapes and are further accentuated by a new color scheme. With two rows of light tubes that illuminate simultaneously, they create a night design with depth and dimension. Integrated flush into the body of the car, the lights are split into two sections and extend up the trunk lid, blending with the character lines from the side profile. Horizontal LED tube taillights give the car an unmistakable look at night. The horizontal flowing lines accentuate the wide track and low stance of the Coupe and Convertible.

An additional horizontal contour line has been added to the rear air dam to further accentuate the width of the Coupe and Convertible. It creates light-and-shade effects to give the entire rear end a flatter and smoother appearance.

The exterior mirrors also receive a new design, adding further innovation to the unique looks of the BMW 3-Series Coupe and Convertible. They blend harmoniously into the side view and silhouette of each new model.

Interior: a truly stylish ambiance
The emphasis on individual style, dynamic performance and exclusivity continues within the interior. Here again, the focus is on the driving experience, as announced by the standard leather multifunction steering wheel. Horizontal lines dominate the surfaces on and around the instrument panel which blend with the lines of the center console door panels to give the interior a light but dynamic feel. In true BMW fashion, all operational and informational elements essential to driving are grouped on and around the steering wheel. Climate controls, as well as those for the audio and navigation systems, are within easy reach of the front passenger.

Because the Coupe and Convertible are four-passenger cars, the rear seat passengers are treated to a center console between their individual rear seats which includes individual storage boxes, additional air outlet vents, and footwell lights.

The BMW 3-Series Coupe and Convertible come standard with Dark Burl Walnut wood trim. As a choice, Bamboo Anthracite wood, Light Burl Walnut wood, and Aluminum trim are optional. Like the standard Dark Burl Walnut, these materials appear on the dash, front and rear consoles, doors and rear side panels.

The standard leatherette upholstery is available in Black and Creme Beige. For the optional leather upholstery, luxurious Dakota leather can be chosen. Here too, the buyer may choose Creme Beige, Oyster, Coral Red, Saddle Brown, Gray, or Black. Upholstery leather appears on the seat facings, door inserts and door handle surrounds; other leather-trimmed items include the gear shift boot, handbrake grip and steering wheel.

In other items of trim that don't change with upholstery or trim options, the interior door handles, gearshift surround trim, steering wheel spokes, instrument dial and engine Start/Stop button surrounds, dash air-outlet adjusting tabs and the optional iDrive controller are in pearl-gray galvanic material.

An elegant ambiance is further created in the interior by special lighting and switches with a premium look and feel. Ambiance lighting, streaming down from under the ledge on the door and side panels, and running from the A pillar all the way to the rear passenger area, creates a particularly warm, indirect lighting effect.

Through its design and configuration, the cabin emphasizes the sporting and driver-oriented character of the BMW 3-Series Coupe and Convertible. Taking a seat behind the steering wheel, the driver's eyes will immediately focus on the instrument cluster.

BMW 3-Series Coupe, 2011


 

BMW has announced substantial enhancements to the 2011 BMW 3-Series Coupe and Convertible, including outstanding style updates for 328i and 335i models and a new engine for 335i models. The 2011 BMW 3-Series Coupe and Convertible models will go on sale in Spring 2010, and pricing will be announced closer to the on-sale date.

Fundamentally unchanged are each car's essential attributes of rear-wheel drive (xDrive is available on the Coupe), near-perfect 50-50 weight distribution, remarkably precise steering, and skillfully engineered suspension…all of which conspire to produce the uniquely satisfying driving experience that is quintessentially BMW.

All-new is the engine for the 335i model. Internally designated the "N55," this turbocharged, all-aluminum engine features essentially the same "short block" and 3.0-liter displacement of its predecessor, but benefits from five additional years worth of development and refinement. The result is an engine that is more responsive, more fuel efficient, and cleaner-running than its outstanding predecessor, but preserves the previous engine's output and soul: 300 horsepower and 300 lb-ft of torque, and a 7,000 rpm redline. The 6-speed manual gearbox - beloved by North American enthusiast drivers - remains standard, and the well-known 6-speed Steptronic automatic is optional, now featuring "pull-style" shift paddles on the multifunction steering wheel.

Design. Reflecting the legendary distinction of BMW Coupes and Convertibles
The profile of the BMW 3-Series Coupe and Convertible is instantly recognizable at first glance. Beyond the basic shape of the car and its classic lines, the new design of the headlights, the enhanced depth and detail of the taillights, the interior, and even the exterior mirrors were specifically created for the Coupe and Convertible. These unique design elements reflect the sporty character of the car. The driver who chooses a two-door vehicle desires a car with dynamic looks as well as driving performance. With this in mind, BMW engineers and designers set out to create a unique, unmistakable blend of design features and most importantly, driving pleasure.

It all begins with proportions. The new, long hood powerfully symbolizes BMW's loyalty to the inherently balanced inline-6 engine. The long wheelbase, short overhangs, the passenger compartment set aft and the low, sleek roofline which seamlessly slopes into the trunk are all characteristics of the BMW Coupe and BMW retractable hardtop Convertible.

In addition to the classic proportions, three design lines—the shoulder, character and lower sill lines— enhance the sleek appearance. Both the shoulder line and character line stretch uninterrupted to the back of the car, allowing one's eye to move quickly and smoothly from front to rear along the entire length of the car. The sill line of the lower edge of the door flows into the front and rear air dams, reinforcing the dynamic nature of newest BMW 3-Series Coupe and Convertible.

Attractive new innovations at the front, side, and rear - integrated precisely into the overall look of the car- give greater emphasis to the sportiness of both models. At the same time, these modifications slightly extend the overhangs front and rear (now 1.14" and 0.12" longer, respectively), which adds a sleeker and even more athletic appearance.

The new, widened kidney grille, a signature feature of every BMW, suits the broad new hood and stands out from the surfaces around it. Interaction with the three-dimensional kidney frame creates a look of power and unique style. The frame around the kidney grille now features a chrome band precisely twisted within itself.

The BMW 3-Series Coupe and Convertible come standard in the U.S. with Xenon Adaptive Headlights, accented by BMW's signature corona light rings. At the top, the new headlights merge into a trim bar cutting off the light beam to create that concentrated, focused look typical of a genuine BMW. The corona rings, now powered by super-bright LED light sources, can serve as daytime running lights (if that feature is activated), and also as evening city lights, making the Coupe and Convertible instantly recognizable as a BMW, day or night. The upper edge of each headlight fixture is also illuminated by an LED light source.

The new design of the taillights is unique to the BMW 3-Series Coupe and Convertible. The rear light cluster feature two-piece L-shapes and are further accentuated by a new color scheme. With two rows of light tubes that illuminate simultaneously, they create a night design with depth and dimension. Integrated flush into the body of the car, the lights are split into two sections and extend up the trunk lid, blending with the character lines from the side profile. Horizontal LED tube taillights give the car an unmistakable look at night. The horizontal flowing lines accentuate the wide track and low stance of the Coupe and Convertible.

An additional horizontal contour line has been added to the rear air dam to further accentuate the width of the Coupe and Convertible. It creates light-and-shade effects to give the entire rear end a flatter and smoother appearance.

The exterior mirrors also receive a new design, adding further innovation to the unique looks of the BMW 3-Series Coupe and Convertible. They blend harmoniously into the side view and silhouette of each new model.

Interior: a truly stylish ambiance
The emphasis on individual style, dynamic performance and exclusivity continues within the interior. Here again, the focus is on the driving experience, as announced by the standard leather multifunction steering wheel. Horizontal lines dominate the surfaces on and around the instrument panel which blend with the lines of the center console door panels to give the interior a light but dynamic feel. In true BMW fashion, all operational and informational elements essential to driving are grouped on and around the steering wheel. Climate controls, as well as those for the audio and navigation systems, are within easy reach of the front passenger.

The BMW 3-Series Coupe and Convertible come standard with Dark Burl Walnut wood trim. As a choice, Bamboo Anthracite wood, Light Burl Walnut wood, and Aluminum trim are optional. Like the standard Dark Burl Walnut, these materials appear on the dash, front and rear consoles, doors and rear side panels.

The standard leatherette upholstery is available in Black and Creme Beige. For the optional leather upholstery, luxurious Dakota leather can be chosen. Here too, the buyer may choose Creme Beige, Oyster, Coral Red, Saddle Brown, Gray, or Black. Upholstery leather appears on the seat facings, door inserts and door handle surrounds; other leather-trimmed items include the gear shift boot, handbrake grip and steering wheel.

In other items of trim that don't change with upholstery or trim options, the interior door handles, gearshift surround trim, steering wheel spokes, instrument dial and engine Start/Stop button surrounds, dash air-outlet adjusting tabs and the optional iDrive controller are in pearl-gray galvanic material.

An elegant ambiance is further created in the interior by special lighting and switches with a premium look and feel. Ambiance lighting, streaming down from under the ledge on the door and side panels, and running from the A pillar all the way to the rear passenger area, creates a particularly warm, indirect lighting effect.

Saturday, February 26, 2011

BMW I8 with No Turbo Diesel sfront side view
BMW supercar is being developed under the name i8, which is not powered by a diesel-electric hybrid like the concept of Vision EifficientDynamics.I8 BMW should be introduced in 2013 and is powered by a gasoline engine.The recently announced “i” sub-brand of BMW supercar i8 launch in 2013, but will come with a petrol engine instead.BMW introduced the Vision EfficientDynamics Concept with a 3-cylinder turbodiesel engine rear/mid-mounted. The diesel engine was said to be aided by a second electric motor residing between the turbodiesel engine and the 6-Speed DCT gearbox. The 1.5-liter 3-cylinder turbodiesel engine outputs 163 horsepower and 214 lb-ft. of torque. The rear-mounted electric motor produces 33 horsepower continuously(51 hp peak) and maximum torque of 214 lb-ft. The synchronous electric motor placed at the front axle constantly outputs 80 horsepower. Extra power of 112 hp is available for 30 seconds and for 10 seconds, 139 horsepower. Total torque: 162 lb-ft.

Thursday, February 24, 2011


AC Schnitzer has prepared two production ready concept cars for this year's edition of the Geneva motor show. We've already told you about the first car, the diesel-powered 99d that is based on the BMW Z4 roadster, so here's the tuning firm's second proposal. The ACS5 Sport S Saloon is based on the latest BMW 550i sedan and is said to feature numerous performance and styling upgrades, though AC Schnitzer is keeping mum about most of the details.

According to the tuning house, the 550i's twin-turbocharged 4.4-liter V8 engine with 407HP and 600Nm has been modified to deliver 540HP and 750Nm, which helps the sedan model to complete the 0 to 100km/h (62 mph) sprint in 4.5 seconds and reach a top speed of 320 km/h (199 mph). AC Schnitzer said that despite the power bump, fuel consumption and CO2 emissions of the ACS5 Sport S are equivalent to the standard BMW 550i.



_______________________________GALLERY_______________________________



AC Schnitzer has prepared two production ready concept cars for this year's edition of the Geneva motor show. We've already told you about the first car, the diesel-powered 99d that is based on the BMW Z4 roadster, so here's the tuning firm's second proposal. The ACS5 Sport S Saloon is based on the latest BMW 550i sedan and is said to feature numerous performance and styling upgrades, though AC Schnitzer is keeping mum about most of the details.

According to the tuning house, the 550i's twin-turbocharged 4.4-liter V8 engine with 407HP and 600Nm has been modified to deliver 540HP and 750Nm, which helps the sedan model to complete the 0 to 100km/h (62 mph) sprint in 4.5 seconds and reach a top speed of 320 km/h (199 mph). AC Schnitzer said that despite the power bump, fuel consumption and CO2 emissions of the ACS5 Sport S are equivalent to the standard BMW 550i.



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BMW's decision to create the new 'i' sub-brand for the growing number of eco-conscious buyers has apparently rubbed off its partners like AC Schnitzer, as the German tuning firm will be launching a production ready concept based on the Z4 hardtop-roadster at next week's Geneva motor show.

Developed as an eco-friendly sports car that adapts to AC Schnitzer's new motto "Efficient Performance", the 99d gets its name from its CO2 emission levels and the diesel powerplant housed under its hood.

More specifically, the tuning house fitted the Z4 with the BMW 320d Efficient Dynamic's 2.0-liter four-cylinder turbocharged diesel engine. After some performance upgrades, the four-pot's output was lifted from 163HP and 380Nm, to 190HP and 420Nm.

AC Schnitzer says the 99d can go from naught to 100km/h (62mph) in 6.9 seconds en route to a top speed of 235km/h (146mph), while returning an impressive fuel consumption of 3.8lt/100km (61.9 mpg US) with CO2 emissions of just 99.18 g/km.

To achieve these striking numbers, the German tuner also reduced the roadster's weight by 230kg (507 pounds).

"With the AC Schnitzer 99d, we've succeeded in building the previously inconceivable: an up-rated performance vehicle whose CO2 emissions have been reduced to 99 g/km and which, despite its sustainability, offers pure driving pleasure. That's Efficient Performance by AC Schnitzer," the company said in a brief statement.

According to the tuner, the price of the 99d is €149,000 or about US$205,500 at today’s exchange rates, but that's about all the details AC Schnitzer is willing to release before unveiling the car at the Geneva Salon.



__________________________________________________________________


_______________________________GALLERY_______________________________



BMW's decision to create the new 'i' sub-brand for the growing number of eco-conscious buyers has apparently rubbed off its partners like AC Schnitzer, as the German tuning firm will be launching a production ready concept based on the Z4 hardtop-roadster at next week's Geneva motor show.

Developed as an eco-friendly sports car that adapts to AC Schnitzer's new motto "Efficient Performance", the 99d gets its name from its CO2 emission levels and the diesel powerplant housed under its hood.

More specifically, the tuning house fitted the Z4 with the BMW 320d Efficient Dynamic's 2.0-liter four-cylinder turbocharged diesel engine. After some performance upgrades, the four-pot's output was lifted from 163HP and 380Nm, to 190HP and 420Nm.

AC Schnitzer says the 99d can go from naught to 100km/h (62mph) in 6.9 seconds en route to a top speed of 235km/h (146mph), while returning an impressive fuel consumption of 3.8lt/100km (61.9 mpg US) with CO2 emissions of just 99.18 g/km.

To achieve these striking numbers, the German tuner also reduced the roadster's weight by 230kg (507 pounds).

"With the AC Schnitzer 99d, we've succeeded in building the previously inconceivable: an up-rated performance vehicle whose CO2 emissions have been reduced to 99 g/km and which, despite its sustainability, offers pure driving pleasure. That's Efficient Performance by AC Schnitzer," the company said in a brief statement.

According to the tuner, the price of the 99d is €149,000 or about US$205,500 at today’s exchange rates, but that's about all the details AC Schnitzer is willing to release before unveiling the car at the Geneva Salon.



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_______________________________GALLERY_______________________________


BMW has launched their new 2011 BMW 5 Series 550i .New model of BMW include some advanced features and technologies.BMW relieved full specifications of 2011 BMW 5 Series 550i and that contains 2011 BMW 5 Series 550i features and 2011 BMW 5 Series 550i overviews.You will have to get a full and detailed structure of 2011 BMW 5 Series 550i from here.

2011 BMW 5 Series 550i Specifications and Features
2011 BMW 5 Series 550i pictures,Photos and images

Some rare and high quality wallpapers of the 2011 BMW 5 Series 550i has been included here.2011 BMW 5 Series 550i price may be very with Addition of extra segments.Click each 2011 BMW 5 Series 550i wallpapers form 2011 BMW 5 Series 550i gallery and get high quality-high resolution wallpapers of 2011 BMW 5 Series 550i .

The latest 2011 BMW 5 Series 550i is well designed and entirely updated from old version.The new 2011 BMW 5 Series 550i is powered with 4.4L V8 liter engine and 2011 BMW 5 Series 550i car with 6 Speed Manual gears . the working of engine can produce a 400@5500 hp power.New BMW car gives fuel consumption of 15/22 in city/Hwy.2011 BMW 5 Series 550i is a Gas Engine / Electronic Fuel Injected vehicle and cruising range is 312.8 miles.

The new car from BMW has a compression of 10.0:1 and 4395/268 displacement.BMW developed their new model 2011 BMW 5 Series 550i in luxury stile and $60,200 priced.The Bore X Stroke of the 2011 BMW 5 Series 550i is 3.50x3.50.

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Wednesday, February 23, 2011


AU$18 million or about US$18.1 million at the current exchange rates. That’s how many Australian dollars some 226 plus Aussies owe BMW’s unimaginatively named financial arm "BMW Finance". The Bavarian automotive giant is now perusing bankruptcy proceedings against these persons in Australia’s Federal Magistrates’ Court in an effort to recoup the debt from hundreds of unpaid car loans.

It’s all rather depressing, really, especially in the aftermath of the Global Financial Crisis. Take one man who bought an AU$80,000 Lexus on credit shortly before he lost his AU$110,000 job. Or the woman who signed her name on a car loan for her and her husband, only to have him leave her and get stuck with the debt. "They repossessed the car, but they still want [AU]$25,000. I don't know what to do,” said the 34 year-old.

That the woman earns just AU$36,000 a year is of no concern to BMW Finance. Peter Malone, a bankruptcy expert at CRS Warner Kuegel told the Sunday Herald Sun newspaper that creditors could, through a bankruptcy trustee, seize many of a debtor’s assets including their home, cash and shares.

Even if the car is repossessed or sold on, debtors still owe on the shortfall which can sometimes be big money. In Australia, one can be made bankrupt over as little as AU$5,000. Most of the claims the Herald Sun inspected fell into the AU$30,000 plus category, with one debtor owing a whopping AU$190,000.

It just goes to show that that old saying still stands up today, “They that dance must pay the fiddler.” Though in retrospect, why anyone would want to dance to a AU$190,000 tune is beyond my comprehension...

By Tristan Hankins

Source: Herald Sun




AU$18 million or about US$18.1 million at the current exchange rates. That’s how many Australian dollars some 226 plus Aussies owe BMW’s unimaginatively named financial arm "BMW Finance". The Bavarian automotive giant is now perusing bankruptcy proceedings against these persons in Australia’s Federal Magistrates’ Court in an effort to recoup the debt from hundreds of unpaid car loans.

It’s all rather depressing, really, especially in the aftermath of the Global Financial Crisis. Take one man who bought an AU$80,000 Lexus on credit shortly before he lost his AU$110,000 job. Or the woman who signed her name on a car loan for her and her husband, only to have him leave her and get stuck with the debt. "They repossessed the car, but they still want [AU]$25,000. I don't know what to do,” said the 34 year-old.

That the woman earns just AU$36,000 a year is of no concern to BMW Finance. Peter Malone, a bankruptcy expert at CRS Warner Kuegel told the Sunday Herald Sun newspaper that creditors could, through a bankruptcy trustee, seize many of a debtor’s assets including their home, cash and shares.

Even if the car is repossessed or sold on, debtors still owe on the shortfall which can sometimes be big money. In Australia, one can be made bankrupt over as little as AU$5,000. Most of the claims the Herald Sun inspected fell into the AU$30,000 plus category, with one debtor owing a whopping AU$190,000.

It just goes to show that that old saying still stands up today, “They that dance must pay the fiddler.” Though in retrospect, why anyone would want to dance to a AU$190,000 tune is beyond my comprehension...

By Tristan Hankins

Source: Herald Sun



Monday, February 21, 2011


It's been a long time in the making, but the BMW Group today confirmed its new sub-brand called "i", with which it will market a new lineup of eco-friendly vehicles including regular and plug-in hybrids, and pure electric models as well as an additional range of mobility services.

The first models to be launched under the new sub-brand from 2013 are the BMW i3 and i8. The BMW i3 is an all-electric city car, which was previously known as the Megacity Vehicle, while the i8, is a plug-in hybrid sports car based on the Vision EfficientDynamics concept study unveiled at the 2009 Frankfurt Motor Show.

BMW said both models are based on a new construction concept called LifeDrive that makes use of an aluminium chassis to house the powertrain, while the passenger cell consists of high-strength but extremely lightweight carbon fibre-reinforced plastic (CFRP). In addition, both the i3 and i8 will be manufactured at the firm's Leipzig plant and will share the same component sets for the electric motors, power electronics, and high-voltage lithium-ion batteries.

“Both cars have been designed specifically for their respective alternative drive systems," explains Klaus Draeger, BMW Board member responsible for development. "We used the innovative architecture and CFRP to cancel out practically all of the extra weight added by the batteries. For our customers this means superior driving dynamics combined with significantly increased range using electric power.”

While BMW did not disclose further details in today's announcement, the company recently revealed that the 1-Series ActiveE's electric synchronous motor with 168HP (125 kW) and 250 Nm of torque will be incorporated in the i3.

As for the i8, it is likely to combine the Vision ED concept model's 1.5-liter three-cylinder turbo diesel engine with a variant of the i3's electric motor. We'll remind you that the 2+2 seatd design study featured a 1.5-liter diesel engine and two electric motors for a total system output of 328 horsepower and a 0 to 100 km/h (62 mph) sprint in 4.8 seconds with a combined fuel economy of 62.6 mpg US.

The BMW Group will also make use of the 'i' sub-brand to expand its range of mobility services. In addition to services developed in-house, the company is pursuing collaborations with partner companies.

The Bavarian automaker said that New York-based My City Way is the first company in which BMW i Ventures has taken a stake. Regarding the partnership, BMW's Ian Robertson said, “I am thrilled to announce that we have just signed our first strategic partnership with My City Way. As a mobile app, My City Way provides users with information on public transportation, parking availability, and local entertainment for over 40 cities in the US. Another 40 cities will be part of the global rollout, including Munich, of course.”



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____________________BMW VISION ED CONCEPT [i8]_____________________