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Lexus is expanding its repertoire beyond luxury cars, to luxury boats

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Styling cues from the Sport Yacht concept were applied to the upsized, 65-foot LY 650, along with elements of the “L-Finesse” design language used on Lexus’ cars. Lexus did not discuss any technical details, but the original Sport Yacht concept used a pair of V8 racing engines producing a combined 885 horsepower, giving it a top speed of 43 knots (49 mph).

Lexus LY 650 yacht

Lexus LY 650 yacht

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Lexus is just one of many automakers to apply its branding to a yacht. Aston Martin and Bugatti have collaborated with boat builders in order to make the transition from road to water, and Mercedes-Benz has a long-standing relationship with Cigarette Racing that has led to a series of boats styled to reference the German automaker’s AMG performance cars. But Lexus has more yachting credibility than most.

Lexus parent Toyota has a substantial back catalog of boats. The Japanese automaker launched its Marine Business Department in 1997, and currently sells sport fishing boats and cabin cruisers in its home country under the Ponam name. Some of these boats use turbodiesel engines from Japanese-market versions of Lexus SUVs, including the 3.0-liter turbocharged four-cylinder from the GX 300d and the 4.5-liter twin-turbo V8 from the LX 450d. The GX and LX are sold in in the U.S., but with gasoline engines only.

From 1998 to 2002, Toyota also sold the Epic line of fiberglass tournament ski boats and wakeboard boats in the U.S. These vessels used the 4.0-liter gasoline V8 from the Lexus LS 400 luxury sedan.

The company views the LY 650 as its “fourth flagship,” alongside the current-generation LS sedan, LC coupe, and LX SUV. But unlike those vehicles, Lexus won’t build the LY 650 itself. The automaker will contract with Wisconsin-based Marquis-Larson Boat Group for construction of the yachts. Lexus expects the first LY 650 to be finished by the second half of 2019, with a public debut scheduled for sometime later that year.

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Crisis Deepens as Nissan Issues Fresh Profit Warning Again

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The woes of the Japanese car giant looks to have deepened by the newly issued profit warning by Nissan while it seeks to recover from Carlos Ghosn’s arrest 

The firm had second cut in its forecast within few months by downgrading its projection for net profit in the fiscal year to March 2019 from 410-billion yen ($3.7-billion) to 319-billion yen.

Nissan appeared to acknowledge the recent difficulties surrounding the Ghosn affair, which has cast questions over the company’s own corporate governance.

Reasons for the downgrade are:

“the adverse operating environment facing the company during the fourth quarter, and the impact of recent corporate issues on sales.”

 “additional expenses arising from the implementation of a warranty extension campaign covering certain vehicles sold in the US market.”

The profit warning came as ex-chairman Ghosn awaits his fate after prosecutors hit him with a fourth set of charges over alleged financial misconduct.

 

In February, Nissan already slashed its full-year forecast, as it revealed that nine-month net profit had dropped 45 percent — a decline the firm blamed on rising raw material costs and foreign exchange difficulties.

It was forced to downgrade its net profit forecast for the fiscal year to March to 410 billion-yen, compared to 500-billion yen earlier.

 

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Burkina Faso Enhance Army with New Cobra Armoured Vehicles

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The Burkinabe Army paraded four Otokar Cobra armoured personnel carriers (APCs) during Burkina Faso’s 11 December Independence Day parade in Manga, making it the latest known user of the Turkish-made vehicle.



A Burkinabe military source told newsmen that an undisclosed number of Cobras have been delivered since September, with several currently deployed in the East Region, where counter-terrorist operations are ongoing.

Cobra 2

Cobra 3

The source added that the first Cobras are operated by Commando Infantry Regiments (RIC) of the Burkinabe Army, but additional vehicles are expected to be delivered to the Combined Regiments (RIA). Burkina fields two such units, which combine armoured cavalry squadrons and motorised infantry companies.

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-Janes

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