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Sergio Marchionne warns of strife ahead in Europe
Sat, 29 Sep 2012Fiat chief exec Sergio Marchionne today warned of troubled waters ahead as Europe's car makers prepare for a radical restructuring. Marchionne, who's the current president of trade body ACEA, said factory closures were looming and repeated his call for a concerted EU-wide response to overcapacity. He warned that national interest was blocking action to strip out excess capacity, caused after European new car demand crashed by 3 million in the past five years.
Aston Martin Lagonda Concept unveiled at Geneva motor show 2009
Wed, 04 Mar 2009By Ben Pulman First Official Pictures 04 March 2009 06:57 Aston Martin shocked the Geneva motor show today when it unveiled the Lagonda Concept, a V12-engined SUV that’s designed to spearhead the expansion of the company into over 100 countries. And it's the first fruits of a new collaboration between Aston and Mercedes-Benz, which will provide the 4x4 hardware and engine tech - from the Merc GL SUV. Yes, or if you believe Aston Martin boss Dr Ulrich Bez, ‘the avantgarde luxury car of the future.’ The Lagonda Concept is based on the four-wheel drive chassis of the Mercedes GL (a fruition of the Aston Martin-Mercedes tie up first revealed by our very own Georg Kacher), so it’s four-wheel drive, but unlike like its donor car, the Lagonda version seats just four and features a V12 engine up front.
Porsche 918 Spyder crashes in Germany
Mon, 02 Dec 2013Porsche is in hot water with German authorities following an accident involving a prototype version of the gasoline-electric hybrid-powered 918 Spyder on a public road last month, according to reports in the German media. The accident, which took place between the towns of Bietigheim-Bissingen and Ludwigsburg (close to Porsche's research-and-development center), saw the 875-hp 918 Spyder spin out of control and collide with a guard rail. Parts of the new $845,000 Porsche flagship are said to have broken loose in the collision before being collected by an oncoming car.