AutoGuide News Blog
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.
After previous reports had suggested Infiniti’s stunning Essence concept would never be any more than a shinny piece of auto show metal, word has now emerged that the luxury automaker may turn this fantasy into a reality.
According to a report in Motor Trend, one Infiniti executive, Shiro Nakamura, once again referred to the hybrid supercar as ,” only a showpiece… for now.” This exciting news was then reiterated by another exec, Ben Poore, who said that based off of the car’s incredible reception, the company is still considering a production model and that no final decision either way has been made.
Infiniti has yet to confirm if it will show the car at the upcoming North American International Auto Show in Detroit, but it will be on display at the Canadian International Auto Show in Toronto, Canada in February, as well as at the Montreal International Auto Show in January, suggesting that Nissan’s luxury arm continues to probe the market to see if there is a demand. We hope there is!
GALLERY: Infiniti Essence Concept
[Source: Motor Trend]
Japanese auto manufacturers consider Korea’s Hyundai to be their biggest threat, according to a report by The Associated Press.
As automakers around the world struggle to survive the weakened economy and up-and-coming Chinese companies seek to make a name for themselves, Hyundai has emerged as a major player.
“Hyundai is awesome,” Honda Motor Co. chief executive Takanobu Ito told The Associated Press. “They are undoubtedly a threat because their products are cheap, and the quality is improving.”
Shiro Nakamura, senior vice-president of Nissan Motor Co., agrees, calling Hyundai “the biggest threat for the Japanese automakers.”
Hyundai, with help from its subsidiary Kia, is the fifth-largest automotive group in the world, recently climbing to take 5% of the global market share despite the poor economy. Even worse news for Honda and Nissan, the Korean manufacturer is number two in Japanese sales, behind only Toyota.
In the U.S., Hyundai has been very strong, being the only manufacturer to have better sales (up 27%) in September 2009 than in the same month last year.
[Source: The Associated Press]