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Barcelona’s Ferrari Land to open in 2016
Thu, 13 Mar 2014Ferrari and PortAventura Entertainment -- a subsidiary of industrial solutions and capital company Investindustrial -- have inked a deal to build a new Ferrari Land amusement park inside the PortAventura resort near Barcelona, Spain. The theme park will cover 807,000 square feet, including attractions like Europe’s highest and fastest roller coaster, five-star accommodations, 250 hotel rooms and a driving simulator. The project involves an investment of 100 million euro ($139 million).
Williams & Renault back together in F1
Tue, 05 Jul 2011Williams Renault F1 - Sir Frank Williams and Renaultsport's Bernard Rey For those of us who enjoy F1 (on the whole – although races like Canada rather than Valencia, it as to be said) but are very slightly past the first flush of youth, it’s rather sad to see Williams languishing in the ranks of also-rans on this year’s grid. With one of the greatest race-brains in Sir Frank Williams, and still one of the best F1 drivers in Rubens Barrichello, it would be great to see Williams at least running with the second tier of cars. But this season so far they have amassed just 4 points.
Avis buys Zipcar and grows car-sharing capabilities internationally
Wed, 02 Jan 2013Zipcar, a car-sharing company that specializes in renting cars by the hour or day, announced Wednesday it will be acquired by Avis Budget for $491 million, or $12.25 a share. The action will help Avis compete against Hertz Global Holdings, which became the world's second largest car-rental company in 2012 following its purchase of Dollar Thrifty car-rental company for $2.6 billion, according to a Bloomberg report. “By combining with Zipcar, we will significantly increase our growth potential -- both in the U.S.