Price of Vespa LT 125 3V in Nepal

Vespa LT 125 3V

The 125 cc machine is equipped with a single-armed front suspension to secure the vehicle's safety and bring a modern and fashionable feeling.

The scooter has advanced features such as a 3V engine, latest ECU generation, free-wheel electric starter system and impressive performance.

Motorbike details
Motorbike Type : Scooter
Make Year 2014
Make Vespa
Model LT 125 3V
Transmission Auto
Fuel Petrol
Fuel Capacity (L) 8
Engine size (cc) 125
Mileage (kmpl) 55
Power (BHP) 10.60
Warranty 2 Years

Available Colors Black, Orange, Red

Price of Vespa LT 125 3V in Nepal :- 3,95,000 !!

1956 Ferrari fetches $28 million at NYC car auction

A 2006 Lamborghini Concept S, foreground, estimated $2.4 million – $3 million, and a 1969 De Tomaso Mangusta, upper right, estimated at $300,000 – $350,000, are displayed during a preview of the “Driven by Disruption” sale at Sotheby’s, in New York, Friday, December 4, 2015.

NEW YORK:

A 1956 Ferrari sold for $28 million at an auction that also featured top bidding for Janis Joplin’s psychedelic Porsche, a 1963 Pontiac owned by Roy Rogers decorated with silver dollars and guns and a kid-sized Ferrari.

RM Sotheby’s offered the vintage cars in its “Driven by Disruption” sale Thursday night.

The 1956 Ferrari 290 MM, chassis 0626 was built for Formula One racing legend Juan Manuel Fangio. The car was specially designed for the five-time F1 world champion and was one of only four 290 MMs to be built. It has never crashed despite a racing career that lasted until 1964.

The $28 million to $32 million pre-sale estimate made it one of the most valuable cars to come to auction. A Ferrari 250 GTO Berlinetta that sold for $38.1 million at Bonhams in 2014 holds the record for any car at auction.
Fangio, an Argentinian considered one of the greatest Formula One drivers of all time, raced the 3.5-litre, V-12 engine car in the 1,000-mile Mille Miglia event, finishing fourth overall in a race that wound through Italy.

The red car with a blue nose competed in many other classic races.
In 1957, legendary drivers Eugenio Castellotti, Luigi Musso and Masten Gregory drove it to victory in the Buenos Aires 1000 KM.

RM Sotheby’s says it was purchased in 1957 by enthusiast Temple Buell who continued to enter it into races around the world with Jo Bonnier and Gregory behind the wheel.

It eventually was acquired by collector Pierre Bardinon and remained in his renowned Mas du Clos Collection in France for nearly 34 years before being acquired by the current owner, identified only as a private European collector.

Meanwhile, Joplin’s wildly painted 1964 Porsche 356C Cabriolet fetched $1.76 million, well above its top estimate of $600,000. The counter-culture relic was featured at the Rock and Roll Hall of Fame and Museum in Cleveland for the last two decades.

It was sold by her family, which has owned it since 1973. The singer bought the white Porsche used for $3,500 in September 1968 and got a friend to customise it with a psychedelic mural that includes her astrological sign, Capricorn, and a scene of northern California. She drove it regularly until she died of a drug overdose in 1970. The 4-speed manual transmission vehicle was given a meticulous restoration in the early 1990s.

A 1963 Pontiac Bonneville designed by Nudie Cohn, owner of Nudie’s Rodeo Tailors in Hollywood, and owned by Roy Rogers and Dale Evans, sold for $308,000. It had been estimated at $250,000 to $350,000. The unique design features a hand-tooled leather interior decorated in genuine silver dollars, handguns and a saddle mounted between the two bucket seats adorned with silver, rhinestones and silver dollars.

And for the small child who has everything, the auction had a fire-engine red Ferrari 250 Testa Rossa. The children’s car, built in 1985, sold for $89,000. It seats two small passengers and features a wooden steering wheel, leather upholstery and working lights.

Auto industry remains standstill INDUSTRY HAS INCURRED A LOSS OF OVER RS 4 BILLION DUE TO THE POLITICAL CRISIS !

Kathmandu

Nepali automobile industry has remained standstill for the last few months due to the political crisis. As the blockade that began at the onset of the festive season continued till date, thousands of vehicles of different brands are stuck at various custom points.
Consequently, Nepali automobile dealers could not deliver vehicles booked during the NADA Auto Show 2015. Moreover, fuel shortage has largely discouraged new buyers and added woes in the day-to-day mobility of the city dwellers.

Usually the domestic automobile industry used to be vibrant during the festive season as more than 40 per cent of the total automobile sales for the year take place during this time. However, the festive season this year went tasteless as all the attractive festive offers went in vain due to nil transaction during the season.

According to automobile dealers, the industry has incurred a loss of over Rs four billion due to the blockade.
“As the overall economic cycle of the country has been affected by the long-standing blockade, automobile industry is no exception,” said Sunil Chhetri, Deputy General Manager at GO Automobiles, authorised distributor of Ford.

According to him, the domestic automobile dealers were confined with the vehicles in their stock as there was no possibility of importing new ones. “The customers have a mixed reaction about purchasing new cars,” he said, adding that some are in wait and watch mode while some have started to change their minds.

Chhetri informed that recently some 50 units of different models of cars have reached their showrooms. “It would take around two years or even more to recover the industry that has gone down to nil,” he said, adding that again the pace of recovery will largely depend on the government policy on it.

“As the dealers could not deliver vehicles due to the blockade during the festive season, the industry had to incur 100 per cent loss,” said Rupesh Sharma Bhatta, Assistant General Manager at Laxmi Intercontinental, authorised distributor of Hyundai Motors.

Citing that as of now, customer are in wait and watch mood, he said, “If we can retain customers, the earlier bookings will turnout.” He is of the opinion that the industry would make a comeback if the government comes up with progressive plans and policies to revive the crisis hit industries.

“The automobile industry was completely shattered due to the blockade coupled with acute fuel shortage,” shared Karan Chaudhary, Executive Director of CG MotoCorp, authorised distributor of Maruti Suzuki, adding that the customers are largely discouraged due to the adverse situation in the country.

“The industry have incurred a loss of over Rs four billion, if we assume
at least 2,000 cars worth Rs two million each would have been sold during the festive season,” he said.

Citing that they have not been able to deliver the vehicles booked during the NADA Auto Show, Chaudhary said, the industry will make a comeback within some six to seven months if the government comes up with concrete plans policies to facilitate the industry to revive.

Porsche, more Audi models pulled into Volkswagen emissions scandal !

WASHINGTON:
Volkswagen used devices to cheat air pollution tests in diesel luxury vehicles, US environmental regulators said on Monday, in a new blow to the automaker already reeling from similar allegations regarding millions of smaller diesel engines.

The US Environmental Protection Agency said it is now looking at 3.0-litre V6 diesel engines used mostly in larger, more expensive models like the Porsche Cayenne sport utility vehicle in addition to engines on Jettas, Passats and other mass-market models whose test-deceiving software were initially targeted by the agency in mid-September.

Volkswagen in a response Monday took issue with the EPA’s findings, saying that “no software has been installed” in its 3.0-litre V6 diesel engines “to alter emissions characteristics in a forbidden manner.”

VW made similar denials for more than a year to US regulators before admitting to cheating on the four-cylinder diesels.

A VW group source familiar with the EPA investigation on Monday said, “We want to know more from the regulators about how they came to this conclusion. We’re not sure how they came up with their findings, and would like a better opportunity to review the data with the regulators.”

Volkswagen shares plunge after new emissions revelation

FRANKFURT:
Volkswagen shares fell sharply on Wednesday after the company said it had understated carbon dioxide emissions for 800,000 cars, widening its scandal over cheating on US diesel emissions tests.

The company’s ordinary shares slid 9.7 percent to 100.80 euros in morning trading in Europe.

The carmaker said Tuesday after the European market close that it found “unexplained inconsistencies” in carbon dioxide emissions in some vehicles. The company found the additional problem as it investigated revelations that up to 11 million of its vehicles had software that allowed them to reduce the amount of nitrogen oxide they emitted during tests.

The company has so far been unable halt the flow of negative surprises since the scandal first became known Sept. 18, when the US Environmental Protection Agency announced Volkswagen had installed software on 482,000 cars that enabled them to cheat on tests for nitrogen oxide. The software would reduce emissions when the car was placed on a test stand, and then allow higher emissions during normal driving.

The scandal initially focused on cheating on levels of nitrogen oxide, a pollutant which can cause health problems. The Volkswagen admission Tuesday expands the issue to a different pollutant, carbon dioxide.

Carbon dioxide is a greenhouse case believed to contribute to global warming, and subject to increasingly strict limits in the European Union.
The announcement follows US allegations that the defective software was also found in some cars with larger engines, including Volkswagen’s elite Porsche brand.

CEO Matthias Mueller has promised the company will “relentlessly and completely clarify the matter.” He has said the company must re-examine its corporate culture to prevent such missteps from occurring again.

The news that Porsche vehicles also had the deceptive software was an embarrassment for Mueller, who headed Porsche before he became CEO.
Mueller has said that upper management would not have involved itself in the details of software development and has pointed to “a few” employees who altered the software code.

Unfazed by dieselgate, Volvo rolls out new sedan

GOTHENBURG:
Chinese-owned Volvo Car Group on Wednesday launched a new model in the hope of gaining ground in a premium auto market dominated by German luxury rivals, and said it expected sales of the new car to hit roughly 50,000 in 2017.

Volvo is in the midst of a sweeping overhaul of its model range to propel long-suffering sales volumes in the United States back above 100,000 cars per year, to reach total sales of around 800,000 cars in 2020 and make inroads against larger rivals such as Daimler’s,Mercedes-Benz, BMW, and VW’s Audi.

The Swedish car maker gave a preview on Wednesday of the S90 sedan, facing high expectations after Volvo’s new flagship SUV, the XC90, helped boost sales in recent months despite a slowdown in demand in China, the world’s biggest auto market.

It will be delivered as a petrol, diesel and plug-in hybrid car.
“You need the sedan to be serious in the premium market,” Chief Executive Hakan Samuelsson told reporters, adding 2016 would be a ramp-up year with about 15,000 S90 sedans produced.
“We will have around 50,000 when we have full production of the car.”

Samuelsson said he still expected a substantial improvement in earnings this year from the 2014 operating profit of 2.25 billion Swedish crowns (£173 million), adding sales had so far been unaffected by VW’s emission scandal.

Diesel engines have been in the spotlight since Volkswagen (VOWG_p.DE) admitted in September it had installed software in up to 11 million diesel vehicles worldwide that understated their emissions of smog-causing nitrogen oxides.

“So far we haven’t seen anything in our numbers, but this will be a huge discussion in the business in the future,” Samuelsson said.

Total sales at Volvo, bought by China’s Geely from Ford in 2010, are up 5 percent so far this year at 441,002 cars, driven by strong demand for the XC60 and XC90.

Volvo has seen its turnover in the United States, once its biggest market but now eclipsed by China, eroding over the past decade. Still, its US sales have increased by 18 percent this year if from a very low comparison.

“We have seen a turnaround in the US In China the market has normalised, you now have the normal balance between price and volume,” Samuelsson said.
Volvo sees total sales of around 500,000 cars this year, which would represent a record for the Gothenburg-based company.