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The AutoGuide News Blog is your source for breaking stories from the auto industry. Delivering news immediately, the AutoGuide Blog is constantly updated with the latest information, photos and video from manufacturers, auto shows, the aftermarket and professional racing.
 |  Oct 24 2011, 8:05 PM

There’s a new kid in Los Angeles, BYD. The Chinese battery and electric car manufacturer opened its California office today.

BYD says it will bring 150 green-collar engineering and management jobs to the city. The event highlight, however, is a deal between BYD and Hertz to provide airport shuttles to the rental agency. This could prove to be a key time for the company to move into the California electric car market.

Their opening is hot on the heels of the California government deciding to limit HOV lane benefits to electric cars in an effort to encourage greener transportation. BYD has a chance to get a jump on the electric car market considering the only EV’s available to consumers are the Nissan Leaf and Tesla Roadster.

Things may not all be bright though, BYD saw their profits drop by just over a third between 2009 and 2010 and lackluster sales in the first half of this year aren’t boding well either.

Their financial woes are largely due to poor car sales in China, where they failed to meet even half of their projected numbers.

Their push into the North American market could prove to be a good source of revenue, but BYD Vice-President Michael Austin admitted earlier this year to the Glendale News-Press that “the paradigm of driving a Chinese car in the U.S. is going to be hard to break.”

[Source: Auto Observer]

 |  May 26 2011, 10:51 AM

India is one of the most populous countries in the world, and with its economy growing year by year, the number of rich people are on a constant rise.

To capitalize on India’s new found wealth, Ferrari has now officially opened doors to its first ever dealership in the country. The dealership is located in the city of New Delhi, a city best known for its Bollywood film studios.

The grand opening which was attended by local and international media, was hosted by Ferrari CEO Amedeo Felisa, Ferrari Commercial and Marketing Director Enrico Galliera, and Ashish Chordia, Chairman of the Shreyans Group, the official Ferrari importer to India.

India is the 58th country where Ferrari’s are officially sold. The well-to-do have owned Ferrari’s in India before, but those cars came through specialist importers.

Indian customer’s will be able to order any of the new Ferrari models, but due to the country’s high tax on imported vehicles, the cheapest model, the California, will be priced at $485,300. The same model in the U.S. starts at $192,000.

With clients spread all across the nation, Ferrari plans to open more dealerships in India over the next three years.