Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Big engines ultimate in luxury at Geneva Motor Show  Join our daily free Newsletter

MENAFN - AFP - 08/03/2013

No. of Ratings : 0
Digg This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093616540%26title%3dBig-engines-ultimate-luxury-at-Geneva-Motor-Show Share This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093616540%26title%3dBig-engines-ultimate-luxury-at-Geneva-Motor-Show Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


(MENAFN - AFP) Huge engine power and speed records remain the name of the game for the many luxury vehicles on prominent display at the International Geneva Motor Show this week."In super-luxury, there is still a tendency to try to reach new speed records," explained German car specialist Stefan Bratzel.Judging from the models unveiled in Geneva, horsepower wars still have plenty of road ahead of them.Italian Lamborghini, celebrating its 50th anniversary, unveiled its Veneno (Spanish for poison) model -- a name that hints at the warrior nature of the sleek machine.With 750-horse power under the hood and a whopping price-tag, the car turned more than a few heads at the show.Only three models of this bundle of concentrated technology have been made, and each has already been snapped up for a staggering 3.0 million euros (3.9 million).Accelerating from 0 to 100 kilometres an hour in just 2.8 seconds, and with a top speed of 355 kilometres (220 miles) an hour, the car is the fastest non-racer ever built by Lamborghini, company chief Stephan Winkelmann said.Ferrari's brand new hybrid supercar, LaFerrari, is another big attraction at the show.Car enthusiasts need a fair dose of patience to catch a mere glimpse of the dream machine, made by Italy's Fiat.But once through the crowd, the firy red descendant of Ferrari's famous Enzo is a heart-stopper, especially with its promise to go from 0 to 200 kilometres an hour in less than 8.5 seconds.It has two engines: one electric and one a thermic 12-cylinder, allowing it to boast 963 horsepower at short distances.The 499 LaFerraris made have already found buyers, each willing to pay more than one million euros to call the luxury speed dream their own.LaFerrari's biggest rival on the floor is called P1. The bright yellow model with butterfly doors was built by British McLaren, and is sold for the same price as its Italian competitor.Only 375 of these cars, which also have two engines and promise 916 horsepower, are slated for production.The symbol of refinement, Rolls-Royce, owned by German BMW, meanwhile unveiled a new four-seat coupe, the Wraith.Boasting 633 horsepower, it aims for high-speed performance and is clearly aimed to take on Bentley's Continental GT.The Wraith is the most powerful car to ever come out of a Rolls-Royce plant, the carmaker said. With its generous curves and luxurious passenger compartment, it will go on sale in Europe at the end of the year for 245,000 euros.Right across from it, Bentley showed off the Flying Spur, which with a 625 horsepower is presented as the fastest four-door model ever to come from the carmaker.The golden racing sedan is soon to go on sale for just under 200,000 euros apiece.Lifted by the swelling US market and a dynamic Asia, the luxury segment appears to have easily withstood last year's European crisis, and continues to push out superlative-laden press releases."The race for power is not over yet" at Ferrari and others, said Polk analyst Bertrand Rakoto.Some carmakers are meanwhile trying to innovate and broaden their product portfolios.Germany's Porsche, for instance, can thank its Cayenne SUV for spurring a spike in the brand's sales.Several other luxury carmakers are also planning an onslaught of new vehicle types, and, following Porsche's example, especially focusing on the highly promising SUV segment.Bentley for instance aims to launch one in 2015 and Lamborghini expects to do the same by 2017. They are both waiting for a green light from their German parent company Volkswagen.Rolls-Royce is also looking at the segment, and Fiat's Maserati is planning to broaden its offerings with a small cross-over as well as a small sedan by 2015.

 






  MENA News Headlines
May 24 2013Bausch & Lomb near $9 bn sale to Valeant: source ,AFP
(MENAFN - AFP) Canadian pharmaceutical company Valeant is close to a deal to acquire US eye health company Bausch & Lomb for about $9 billion, a person familiar with the matter said Friday. A ...

May 24 2013Chile slaps $16 million fine on Canada mine company ,AFP
(MENAFN - AFP) Chile's environmental authorities slapped a $16.4 million fine Friday on Canadian mining company Barrick Gold for "serious" violations at its unfinished gold mine near the border ...

May 24 2013In Stockholm's suburbs, unemployment stokes unrest ,AFP
(MENAFN - AFP) Behind the well-kept lawns and flowerbeds of Husby, the immigrant-heavy Stockholm suburb where riots have raged for five straight nights, unemployment is fuelling despair among the ...

May 24 2013US stocks flat as bulls get cautious ,AFP
(MENAFN - AFP) US stocks closed flat Friday, reeling in early losses but showing caution following Japan's Thursday plunge and ahead of the three-day US Memorial Day holiday weekend. At the ...

May 24 2013IMF chief Lagarde avoids charges in French payout scandal ,AFP
(MENAFN - AFP) IMF chief Christine Lagarde avoided immediate charges Friday but was named an "assisted witness" after French prosecutors grilled her for two days over a state payout to a disgraced ...

May 24 2013Google eyes emerging markets networks: report ,AFP
(MENAFN - AFP) Google has become deeply involved in a series of projects to build and operate wireless networks in emerging markets including sub-Saharan Africa and Southeast Asia, a report said ...

May 24 2013Stalin police criticism sparks anti-Semitism row in Russia ,AFP
(MENAFN - AFP) An explosive comparison made by a liberal Russian politician between Stalin's agents and Hitler's secret police has provoked a storm of abusive criticism in Russia that has been ...

May 24 2013Hitler's shadow looms over anniversary of VW hometown ,AFP
(MENAFN - AFP) Europe's number one carmaker Volkswagen is not keen on celebrating the 75th birthday of its German hometown of Wolfsburg on Sunday because of the long shadow cast by Adolf Hitler ...

May 24 2013Fashion brands say street crime threatens Paris tourism ,AFP
(MENAFN - AFP) The streets of Paris are getting a reputation of being unsafe for tourists and this is a threat to business by the great brand names of French fashion, a top body representing the ...

May 24 2013Journalism on verge 'of extinction' in DR Congo: media NGO ,AFP
(MENAFN - AFP) Journalists' lives are in danger and they are being prevented from reporting freely in areas of eastern Democratic Republic of Congo that are controlled by armed M23 rebels, the NGO ...

more...


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help