. Space Industry and Business News .




.
CARBON WORLDS
Lexus won't regain US luxury crown: exec
by Staff Writers
Detroit, Michigan (AFP) June 13, 2012



Toyota's Lexus brand does not expect to win back the luxury car sales crown in the United States any time soon, the brand's top salesman said Wednesday.

Lexus was overtaken last year by German rivals BMW and Mercedes-Benz after 11 straight years as the top-selling luxury brand in the massive US market.

The automaker's sales were hit by supply shortages in the wake of the devastating Japanese quake and tsunami, but an aggressive push by the Germans also impacted their market share.

"It's not in our plans to become the luxury sales leader," said Timothy Morrison, vice president of Lexus sales and dealer development.

"The Germans have an extensive global product line. I don't think you are going to see us match them any time soon."

The Japanese automaker nonetheless expects to grow US Lexus sales by 20 percent this year to around 250,000 vehicles even as the share of luxury vehicles in the market shrinks, Morrison said.

"They were 12.5 percent of the market last year. This year they're about 11.6 percent, but they have grown because the entire market has grown," he told reporters in Detroit.

Toyota forecasts US vehicle sales will grow to 14.4 million units this year from 12.8 million units in 2011.

Related Links
Carbon Worlds - where graphite, diamond, amorphous, fullerenes meet




.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



CARBON WORLDS
UMD Scientists Create Faster, More Sensitive Photodetector by Tricking Graphene
College Park MD (SPX) Jun 11, 2012
Researchers at the Center for Nanophysics and Advanced Materials of the University of Maryland have developed a new type of hot electron bolometer a sensitive detector of infrared light, that can be used in a huge range of applications from detection of chemical and biochemical weapons from a distance and use in security imaging technologies such as airport body scanners, to chemical analysis in ... read more


CARBON WORLDS
How does Dolomite form

Amazon offer Cloud Player app for iPhone

More people staying connected on vacation

Physicists discover mechanisms of wrinkle and crumple formation

CARBON WORLDS
Indian border force eyes sat-phone upgrade

India Plans To Launch First Military Satellite

Boeing Demonstrates SATCOM on the Move Between Australia and US

New Mobile Antenna from ASC Signal Designed For Rapid Deployment by Defense and Commercial Users

CARBON WORLDS
NuSTAR Arrives at Island Launch Site

Another Ariane 5 begins its initial build-up at the Spaceport

Boeing Receives DARPA Airborne Satellite Launch Study Contract

Sea Launch Delivers the Intelsat 19 Spacecraft into Orbit

CARBON WORLDS
Boeing, Raytheon and Harris to Pursue GPS Control Segment Sustainment Contract

Revamped Google maps goes offline for mobile

USAF Awards Lockheed Martin GPS III Flight Operations Contract

Lockheed Martin Completes Navigation Payload Milestone For GPS III Prototype

CARBON WORLDS
Air industry head asks EU to postpone carbon tax

Iraqi Airways looks to update fleet

Potential Iceland eruption could pump acid into European airspace

China says to build 70 new airports by 2015

CARBON WORLDS
SFU helps quantum computers move closer

Rice, UCLA slash energy needs for next-generation memory

Unique approach to materials allows temperature-stable circuits

Integrated sensors handle extreme conditions

CARBON WORLDS
UH research team uses airborne LiDAR to unveil Honduran archaeological ruins

Apple unveils maps program, challenging Google

Taking action for GMES

CryoSat goes to sea

CARBON WORLDS
'Mysterious' haze blankets Chinese metropolis

German agency to incinerate Bhopal waste: India

Brazilian slum's green oasis a boon to recycling

Sao Paulo environment czar roots for cities at Rio+20


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement