Events NewsAll News
Browse by News Category
Saab Has Ability To Pay Debts According To Probe By Swedish Agency
Sweden’s debt agency is claiming they have successfully investigated a handful of Saab bank accounts with some success. On Friday, the agency uncovered $796,291 which is enough to cover debts owed to the first four companies waiting for payment. The debt agency has contacted other banks holding Saab accounts in order to understand exactly where the Swedish automaker stands….
World’s Oldest Surviving Production Bentley Sold At Pebble Beach
The world’s oldest surviving production Bentley was sold through the Gooding & Company auction at Pebble Beach Concours d’Elegance for $962,500. The 1921 3-liter chassis number 3 was sold 90 years ago to Noel Van Raalete, Bentley’s very first customer, for £1,150. The Bentley was a show-stopper, featuring ‘matching numbers’ with original aluminum coachwork and brass…
Gemballa Racing Team Chooses McLaren MP4-12C GT3 For 2012 Season
German investment banker and millionaire, Stephen Korbach has started a new Gemballa racing team, which will be competing in the 2012 motor sport season with two McLaren MP4-12C GT3s. Korbach has asked Sascha Bert to act as team manager for the motor sport involvement. “Sascha Bert is an absolute pro and is ideally qualified to…
Shelby Cobra Gathering Planned For 2012 Rolex Monterey Reunion
2012 will mark the 39th year of historic racing at Laguna Seca and ties in nicely with the Cobra’s racing heyday – the cars originally debuted in 1962, powered by Ford small-block and later big-block V-8s
1957 Ferrari 250 Testa Rossa Sets Auction Record Selling For $16.4 Million
The annual Pebble Beach Concours d’Elegance is known to attract some priceless classics, but this year, this 1957 Ferrari 250 Testa Rossa prototype took the cake. Gooding and Company, a well known auction house, was catapulted into the record books last week, selling the 250 TR for $16.4 million. This price was the highest ever realized for…
Mini Prices New Goodwood Model At $52,000
MINI’s new Goodwood model was unveiled at the world-famous Pebble Beach Concours d’Elegance in California this week. The MINI Goodwood is an exclusive special edition which has been produced in close collaboration with the Rolls-Royce Motor Cars design team. This is a car that drips of automotive luxury and exclusivity in its highest form. The…
Lotus Exige Matte Black Final Edition Makes Debut At Pebble Beach
The Pebble Beach Concours d’Elegance is in full swing, and Lotus has just unveiled the Exige Matte Black Final Edition, a special model reserved exclusively for the North American Market. The Exige Matte Black Final Edition will premier within the Lotus exhibit on Peter Hay Hill on August 18-21. Lotus will only produce twenty-five Exige…
Kia To Unveil RWD Four-Door Sports Sedan At Frankfurt Auto Show
Kia has officially confirmed that it will be debuting a rear-wheel drive four-door sports sedan at next month’s Frankfurt Auto Show. The concept has sleek and muscular proportions, and will likely slide in between the Hyundai Genesis and Equus in terms of size. “I believe the car is a strong statement from Kia: We are…
McLaren Gets Significant Investment From Billionaire Peter Lim
Singapore billionaire Peter Lim has made a “significant investment” in British sports car maker McLaren, the company said. With his contribution, Lim has joined McLaren Automotive’s board with immediat effect. Forbes ranked him the eighth richest person in Singapore, with an estimated fortune of 1.8 billion. “Peter Lim’s track record in Asia as a highly…
Swedish Debt Enforcement Agency Begins Collection Process Against Saab
Sweden’s regulators started the collection process against Saab Automobile after the struggling automaker failed to meet a Tuesday deadline to pay two suppliers. ”We’ve just begun by looking at what kind of bank accounts they have and what kind of collateral there might be” in the process that started Wednesday, Tommy Barkman, a case worker…
Maserati To Build First U.S Made SUV at Chrysler Plant
Fiat’s luxurious Maserati brand has plans to build its first Jeep Grand Cherokee based SUV at Chrysler’s Jefferson North assembly plant in Detroit. The eagerly anticipated concept version of the model will debut at the Frankfurt Auto Show next month. CEO of Fiat and Chrysler, Sergio Marchionne, aims to expand Maserati and Alfa Romeo by…
Brumos Porsche Builds Exclusive 911 GTS B59 Edition
Maybe you can’t choose between the 23 different Porsche 911 variants currently listed on the German automakers website. Maybe none of them suit you perfectly. Well there is some good news, add a twenty-fourth variant to that list. Brumos Porsche of Jacksonville, Florida, confirmed today that five rare, factory-built 911 Carrera GTS B59 Edition Coupes…
Chevrolet Will Build 100 Millionth Small-Block V8 This Fall
This year marks a major milestone for the Chevrolet brand. This fall, marks the 100th anniversary of the automaker and, the company expects to build its one-hundred millionth small-block V8 this fall. Chevy is not sure which engine will mark the 100 millionth number, nor does the company know where it will end up (Corvette?…
Kelley Blue Book Ranks Audi As Best Luxury Brand For Total Cost Ownership
This week, a news report was released by Kelley Blue Book’s kbb.com, proclaiming Audi as the number one luxury brand for best total cost of ownership. The data confirmed that Audi yields the lowest average Total Cost of Ownership for the initial five-year ownership period, beating all other luxury brands. The Total Cost of Ownership breaks…
Suzuki Disatisfied With VW, May Collaborate With Fiat Instead
In 2010, Volkswagen took a twenty-percent stake in Suzuki, and virtually no progress has been made from the alliance since then. Neither side has been thrilled with the coalition and the two automakers have even stated cultural differences as being a factor in the failed relationship. Both automakers had different goals: VW wanted to expand…
Top 5 Fastest Roads in America
America’s five fastest roads have been ranked and surprisingly, the average driver’s need for speed has been dampened. American’s are traveling more slowly than they were a few years ago, likely due to rising gas prices and increased traffic enforcement. The average speeder traveled 81 mph on America’s top ten fastest roads, which is down…
Chevrolet Miray To Be Shown At Frankfurt Auto Show
Chevrolet is very excited about the futuristic Miray sports car to say the least. The Miray was first unveiled at the Seoul Motor Show in May this year, and the futuristic looking Chevy merges a jet-inspired exterior with advanced hybrid powertrain technology. The Miray will get its first European unveiling at the Frankfurt Auto Show in…
$230 Million Worth Of Exotics Present At Monterey Car Auctions This Week
With the Pebble Beach Concours d’Elegance kicking off tomorrow in Monterey, California, hundreds of collectible cars will be up for sale. There will be at least five auctions slated for this week, put on by Bonhams, Gooding & Company, Mecum, RM and Russo and Steele. Collector car insurance company Hagerty has compiled the estimated net worth of every car…
Fiat Shares Drop In Italy As Automaker Looks to Miss U.S. Sales Targets
Shares in Fiat fell on Tuesday as a result of reports that North American sales of the 500 would fall short of the company’s target. Fiat shares fell 4.26 percent Tuesday as investors grew worried over what CEO Sergio Marchionne said regarding the great opportunities the Italian brand would have in America.Laura Soave, head of…
Lotus Evora GTE Road Car Concept and Exige Matte Black Final Edition Revealed
The Pebble Beach Concours d’Elegance is two days away, and Lotus is gearing up to unleash the Evora GTE Road Car Concept and the Exige Matte Black Final Edition. The Evora GTE Road Car will be unveiled at the McCall’s Motorworks Revival event Wednesday night, on August 17 at the Monterey Jet Center. This Evora…
Saab Pulls Out Of Frankfurt Auto Show
Poor Saab can’t catch a break. Last week Saab’s European supplier were putting pressure on the Swedish automaker to declare bankruptcy, and this week the car company has pulled out of next months Frankfurt auto show, due to a lack of finances. A Saab spokesperson explained that the car-maker will concentrate its resources on restarting production at…
2012 Nissan Altima, NV Recalled For Air Bag Defect
Two weeks ago, a recall was launched for approximately 20,000 Nissan Altima sedans for a front suspension bolt that may not have been properly tightened during production of the vehicle. Today, another recall was launched regarding an incorrectly assembled air bag control unit in both the 2012 Altima and the 2012 NV work van. The affected vehicles…
Hyundai Santa Fe To Debut At Frankfurt Auto Show
Hyundai plans to launch three new or refreshed models in the next year including the i30 (known here as the Elantra Touring), the new Santa Fe and the revised i20. All three vehicles will make their official debut at next months Frankfurt auto show. The Korean automaker has not released much information on the Santa…
Lotus To Present Two New Sports Cars During Pebble Beach Concours d’Elegance
Lotus will be packing heat this year at the upcoming Pebble Beach Concours d’Elegance with the Evora GTE Road Car Concept and the Exige Matte Black Final Edition. The Evora GTE Road Car will be unveiled to the world for the first time at the McCall’s Motorworks Revival event Wednesday night, August 17 at the…
