Report: China's BAIC gunning to buy Pininfarina

Beijing Automotive Industry Corp, or BAIC, is looking to buy Italian design firm Pininfarina. The Chinese automaker is already working with Pininfarina in collaboration on its upcoming models based on older Saabs.

Since mid-2009, Pininfarina's family ownership has been looking to unload its majority stake in the company. Interest from several Chinese automakers has been piqued and BAIC is not alone in bidding for the right to purchase the design house. Brilliance and Anhui Jianghuai Automobile have put in bids, as have Indian automakers Mahindra and Bajaj Auto and Canadian parts supplier Magna International.

Regardless of BAIC submitting a winning bid, work with Pininfarina is proceeding and we expect to see the fruits of both companies' efforts at a car show sometime in the very near future.

LUXURY New CARS

Well-off people normally have more than one car. They have cars for work and they have cars for special occasions. The special occasion cars are usually luxury cars that cost several times as much as a regular sedan. The question is should you be buying luxury cars at all?

Some people prefer luxury cars over a sedan. And there are simply too many cars in the market claiming to be one even if they are short on certain features. So before you fall for these claims hook, line, and sinker, it is best that you know what a luxury vehicle really is and what is not.

Leather seats and an exceptional stereo system don't make a car a luxury vehicle. Keep in mind that luxury cars are not built overnight. More than the make and model of the car, these vehicles require years of planning and design. And so the companies that are worthy to release luxury cars are only those who have been in the automotive industry for a long time. It would be an added plus it they have already proven their worth in that particular line.

Lexus cars and Rolls and Royce are good examples of luxury cars. But before you go ahead and purchase these vehicles, you've got to ask yourself if you can afford it. If you can't, would you settle for a second-hand? Luxury car manufacturers imply that if you're asking for the price of a luxury vehicle prior to buying it, chances are, you can't afford it. So unless you can go up to a million on one luxury car, it is not worth asking whether or not you should buy one or not.

LUXURY New CARS

Well-off people normally have more than one car. They have cars for work and they have cars for special occasions. The special occasion cars are usually luxury cars that cost several times as much as a regular sedan. The question is should you be buying luxury cars at all?

Some people prefer luxury cars over a sedan. And there are simply too many cars in the market claiming to be one even if they are short on certain features. So before you fall for these claims hook, line, and sinker, it is best that you know what a luxury vehicle really is and what is not.

Leather seats and an exceptional stereo system don't make a car a luxury vehicle. Keep in mind that luxury cars are not built overnight. More than the make and model of the car, these vehicles require years of planning and design. And so the companies that are worthy to release luxury cars are only those who have been in the automotive industry for a long time. It would be an added plus it they have already proven their worth in that particular line.

Lexus cars and Rolls and Royce are good examples of luxury cars. But before you go ahead and purchase these vehicles, you've got to ask yourself if you can afford it. If you can't, would you settle for a second-hand? Luxury car manufacturers imply that if you're asking for the price of a luxury vehicle prior to buying it, chances are, you can't afford it. So unless you can go up to a million on one luxury car, it is not worth asking whether or not you should buy one or not.

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