After we learned of the difficulties last November, Caterham has finally confirmed the R600 will not race in its own dedicated series in 2013….
The most tedious part of any CEO’s job, is by far the repetitive act of forecasting – you reach the role because of your…
That the Qoros GQ3 compact saloon looks so conventionally European is not the most surprising aspect of the company’s latest teaser, instead what strikes…
Our disappointment with Lotus stems not just from the way in which they’ve been mismanaged by their new owners, DRB-Hicom, but also the way in which its PR spin-doctors tread such a dangerously insincere line that it’s difficult to see how trust can ever be restored.
See what we did there? Whenever we write about Infiniti our goal is to subtly add-in a reference to Buzz Lightyear and luckily for…
At £37,589 for the entry-level 2.7-litre Boxster, and £45,384 for the Boxster S, you’d expect them to be flying out of the showrooms, especially with its unfeasibly efficient flat-six boxer engine which propels even the slowest model from 0-62mph in 5.5 seconds and yet still manages to deliver 36.7 mpg.
As temperatures across the UK plummet below freezing, most drivers will be preoccupied with the traction of their tyres on Britain’s icy roads, but for some there’s an even bigger problem to worry about.
The official reason given for this morning’s announcement is that Jaguar’s US$1 million C-X75 supercar no longer fits with global economic conditions, but there’s more to Jaguar’s decision than this, which will no doubt have a significant impact on future hybrid-electric sports cars.
Last week’s media coverage of the equity investment made by Investindustrial in Aston Martin has thus far focused entirely on the transaction, so I thought it might be interesting to step back a bit and take a look at how this new arrangement will deliver shareholder value for the company’s owners.
Since our update last weekend, negotiations have moved on a notch – most notably with news that Mahindra & Mahindra may have withdrawn from discussions, while several new players have entered the frame to acquire part or all of the Aston Martin shares owned by Kuwaiti company, Investment Dar.
When the first generation Porsche Cayman was launched in 2006, Porsche’s press pack was full of references to the venerable 904 Carrera GTS – a car which Porsche Ambassador Walter Rohrl once described as his favourite Porsche and which won its class at the Targa Fiorio in only its first year of competition.
Aston Martin employs around 1,800 staff including contract and agency workers, mostly in the UK, so it’s understandable that their trade union, Unite, is seeking confirmation that any capital received from the sale of equity goes into developing new products, rather than the pockets of current owners Investment Dar of Kuwait.