AUTOS
January 15, 2013 | By David Undercoffler
DETROIT - Fancy nameplates in the auto business are prepping for a bruising battle for buyers of entry-level luxury sport sedans. At the North American International Auto Show in Detroit this week, the Germans and Japanese showed a flurry of new lower-end luxury models, which analysts say have big growth potential among cost- and efficiency-minded buyers who still want nicely appointed performance sedans. The new crop includes redesigned versions of the Lexus IS line, the first Mercedes-Benz front-wheel-drive sedan for the U.S. market, Infiniti's Q50 replacement for its G37 sedan and a BMW 320i, priced about 10% below where the current 3-Series line starts.
BUSINESS
March 31, 2011 | By David Undercoffler
Lexus recently introduced an all-new car, the CT 200h, and it's a hybrid in more ways than one. Unless you're a descendant of Gregor Mendel or his peas, it's likely you think of hybrids in strictly automotive terms. But let us not forget that the term has long been more broadly applied to the result of two dissimilar entities being combined. Think of the pluot, a sweet combination of the plum and apricot. To that end, this five-door hatchback is a hybrid of performance and efficiency, entry-level economics and stylish luxury and, unfortunately, Lexus and cost cutting.
BUSINESS
August 12, 2010 | By Susan Carpenter, Los Angeles Times
Drafting is an auto racing art, the trick being to follow another car closely enough to take advantage of reduced air resistance, but not so closely as to crash into its bumper. For the 2011 model year, this racetrack technique is wafting into the increasingly competitive space of subcompacts, a market segment that inspired yawns until two years ago when gasoline prices shot holes through consumers' wallets and got them thinking small. Take the Mazda2, an inexpensive new hatchback that's taking advantage of Ford's heavily marketed new Fiesta — a car that itself was following the success of Honda's capacious Fit and Toyota's bargain-basement Yaris.
BUSINESS
June 28, 2008 | Peter Y. Hong, Times Staff Writer
Foreclosures in California and other Western states continued to batter sales for builder KB Home, which reported its fifth-straight quarterly loss. The Westwood-based builder lost $256 million, or $3.30 a share, for its fiscal second quarter ended May 31. That was more than triple the average loss estimate by analysts surveyed by Bloomberg News. Shares of KB Home sank 41 cents Friday to $17.72. The stock has fallen 55% in the last year.
BUSINESS
April 2, 2008 | Ken Bensinger, Times Staff Writer
When economic worries rise, many consumers forgo life's little luxuries. Those luxuries are getting a lot bigger. March proved another tough month for carmakers, with overall U.S. sales declining 12% compared to the same month last year, reports released Tuesday showed. While results were bad in nearly all categories, among the larger drags were luxury vehicles, which declined 15%, according to Autodata Corp.
REAL ESTATE
September 30, 2007 | Diane Wedner
Firefighters, nurses, teachers, civil servants and others seeking market-rate, entry-level homes in Los Angeles County are going to have more to choose from after last week's launch of a $150-million fund to help create workforce housing.