Have $12 to $15 million just laying around somewhere? If you do, then you have a chance of owning the Crown Jewel of American Racing history. Earlier this morning, we made our way to Plaza Hotel in NYC to take a look at the 1965 Shelby Daytona Cobra Coupe CX2601 that will be auctioned off [...]
Back in December 2008, Zenvo Automotive and Danish Design introduced us to the Zenvo ST1, an insanely fast and aggressive looking super car powered by a 7.0L turbocharged and supercharged V8. Known as the Zenvo ST1, the Danish supercar produces a whopping 1,104-hp with a peak torque of 1,054 lb-ft. 0 to 62 mph comes [...]
According to a report by Qatar’s Al-Arab newspaper, the country’s prime minister said that the gas-rich nation is considering buying a stake in Porsche AG. Sheikh Hamad bin Jassem Al Thani was quoted saying that there are discussions going on about buying into Porsche but no final decision has been reached. It is said that Qatar has [...]
The Washington Post reported earlier today that the U.S. Treasury has reached an agreement with Chrysler’s lenders that could help the struggling Auburn Hills automaker avoid bankruptcy. The report said that Chrysler’s fist-lien lenders, who were owed $6.9 billion in secured loans, have agreed to write down the debt to $2 billion. Details of the [...]
At the 2009 Geneva Motor Show, Bugatti celebrated its 100th anniversary with the Bugatti Veyron Bleu Centenaire. Over the weekend, Bugatti once again celebrated its 100th anniversary with four special-edition Veyron models that graced the stage at the Villa d”Este Concorso d”Eleganza. Apparently, Bugatti isn’t done celebrating just yet. Come Sept. at the 2009 Frankfurt [...]
Over the weekend we saw the new Aston Martin One-77 unveiled in its complete form at the Concorso d’Eleganza, Villa d’Este. Well, the most exclusive Aston Martin has now won the Concorso d’Eleganza Design Award for Concept Cars and Prototypes. The public was invited to cast their votes for the best concept and prototype and from the [...]
By now, all of you should know that GM has finalized phasing out the Pontiac brand by the end of 2010 and along with it, the Pontiac G8 sedan which is produced by GM’s Australian unit – Holden. Reports say that Holden, which also makes the Vauxhall VXR8, is going to lose up to $729 million [...]
Daimler AG announced yesterday that it has reached an agreement with Chrysler to unload its remaining 19.9 percent stake in the company. Daimler sold an 80.1 percent stake in the U.S. automaker to private equity firm Cerberus Capital Management in 2007, ending a shaky decade-long relationship. “Daimler’s remaining 19.9 percent shareholding in Chrysler will be [...]
GM CEO Fritz Henderson made it pretty clear that no Pontiac will be rebadged as a Chevrolet after announcing that the automaker will phase out Pontiac at the end of 2010. However, Henderson said that the Pontiac Vibe could be built well into 2010 and that GM is in negotiation with its New United Motor Manufacturing Inc. [...]
Following the launch of General Motors more aggressive and revised restructuring plan, the White House said today that the government does not want to run the struggling automaker. In its updated restructuring plan, GM said today that it would give the U.S. Treasury 51 percent of the company. “This administration and this government have no [...]
