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D-day for General Motors: GM files for bankruptcy
Tue, 02 Jun 2009By Tim Pollard Motor Industry 02 June 2009 06:57 General Motors today faces the humiliation of collapsing into bankruptcy. It marks the 1 June deadline imposed by US president Barack Obama for the General to sort out its business – or seek protection from creditors in the bankruptcy courts. As we’re all too painfully aware, GM has been unable to perform miracles, triggering one of the greatest industrial collapses seen in American corporate history.
Porsche Boxster: First official photographs
Wed, 11 Jan 2012Fresh from revealing the latest 911 cabriolet at the Detroit auto show, Porsche has issued these first official photographs of its third-generation Boxster. Photos and information about the Boxster appeared on the Internet ahead of the Porsche's planned release time set for early Thursday morning. Set to get its first public airing at the Geneva motor show in March, the thoroughly re-engineered roadster gets a lightweight aluminum body, a roomier 911-style interior and the choice of two heavily upgraded versions of the German carmaker's classic horizontally opposed six-cylinder--both now boasting direct injection, slight gains in power and, thanks to a host of new fuel-saving features, impressive reductions in combined-cycle fuel consumption.
CPP sold – Spyker moves back to Holland
Wed, 07 Mar 2012Spyker moving back to Holland The fallout from Vladimir Anotonov’s problems has seen Brendan O’Toole losing CPP, and Spyker is now moving back to Holland. We knew that the arrest of Vladimir Antonov over banking ‘irregularities’ would cause problems for CPP Manufacturing and CPP Global Holdings. And it has.