sale
New Mazda3 Heading to Dealers in fall 2013
The same new design language and platform pulling the Mazda6 and CX-5 out of automotive doldrums will likely make it to the compact Mazda3 by this fall according to a new report.
Fisker Entertaining Possible Suitors
Fisker seems to be falling on hard times, and a new report suggests the brand might be on the market with Chinese firm Dongfeng Motor Corp tossing a $350 million offer into the ring.
Johnson Controls Appealing A123 Sale to Wanxiang
Johnson Controls, the sole American bidder to U.S. battery maker A123, is appealing the company’s sale to Chinese firm Wanxiang Group.
A123 Eyed by Foreign Bidders on Auction Date
Bankrupt battery maker A123 Systems was scheduled to go up for auction today behind closed doors at a Chicago law firm, but the list of bidders is likely to cause trouble.
Largest Lotus Collection in Europe to be Auctioned at Goodwood
On June 29 at the Goodwood Festival of Speed, attendees will have the chance to take in a little more than cars running “the Hill.”
Michael Schumacher’s 1992 Benetton-Ford Formula 1 Race Car For Sale
This weekend’s Melbourne GP kicks off the 2012 Formula 1 season. After the third session of qualifying, Michael Schumacher displayed a return to form, qualifying 4th, well ahead of his teammate for Mercedes GP Nico Rosberg. Unfortunately, Schumacher’s Mercedes lost power out of turn 1 of the tenth lap, forcing an early retirement on an…
Ducati Motorcycles Could be Up For Sale
Ducati, the famous Italian motorcycle brand could be up for sale. There seems to be significant interest in the motorcycle maker from both American and European buyers. Investindustrial SpA, the Milan-based private-equity firm that owns Ducati, seems to be looking for an IPO (initial public offering), or to sell it entirely. The sale could fetch…
1964 Ferrari 250 GTO Sold For $31.8 Million
Many enthusiasts agree that of all Ferraris, the 1964 Ferrari 250 GTO road racer eclipses the rest. With less than 40 examples ever made, classic car collectors agree: this ranks among the most desirable. Last week, Top Gear revealed that a private treaty sale happened for Ferrari 250 GTO serial number 5095. It sold for £20.2…
GM Considering Selling Opel Again, This Time To Volkswagen
The ghost of Saturn just can’t cut a break. GM is considering what to do with Opel, its German division that won’t be turning a profit anytime soon. GM last tried to sell Opel in 2009 before giving the ailing brand another chance. But despite increasing its lineup with new vehicles, and even increased sales,…
Saab Chinese Funding Deal Means Spyker Gets Name Change
As part of Spyker’s capital-raising efforts for its ailing Saab brand, the Dutch automaker is entering into talks with Chinese automotive company Pang Da, and will have to rename itself as Swedish Automobile N.V. as part of the deal. In return, Saab will get a $42 million cash payment, ostensibly to help pay Saab’s substantial…
Wealthy Collector Buys All 14 Gulf Oil Races Cars
The Gulf Oil orange and blue livery is an iconic paint job that has transcended Gulf Oil’s demise into relative obscurity, with the classic colors still appearing on all kinds of racing merchandise, and even the Ford GT road car during its production run. One collector of fine automobiles decided he liked the Gulf paint…
Car and Driver, Road & Track, Sold To Hearst Publishing For $889 Million
Two mainstays of the buff book world have been sold as part of a package deal, after their parent company, French publishing giant Lagardere, dumped a variety of print properties, including Car and Driver as well as Road & Track. In a shedding of properties that Lagardere no long deems “strategic”, the two magazines, as…
