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CPP comments as investor Vladimir Antonov loses his bank. Arrest warrant issued.
Thu, 24 Nov 2011Vladimir Antonov - Arrest warrant issued over Snoras Bank collapse Russian businessman Vladimir Antonov has been busy buying up a raft of car companies (and Portsmouth FC) in recent years. But there are now big questions about how he financed that. Vladimir Antonov is the main shareholder in Lithuanian Snoras bank (he owns 68 per cent) and in Latvijas Krajbanka via a 60 per cent stake owned by Snoras.
Crusade saves Brighton Speed Trials
Mon, 27 Jan 2014THE BRIGHTON Speed Trials, thought to be the longest-running motorsport event in the UK, has been saved following a crusade backed by thousands of people. Since 1905, the annual event has gained international acclaim for showcasing top-class cars and motorbikes racing over a quarter of a mile at Madeira Drive on Brighton's seafront. Organisers launched a campaign amid fears the event could be scrapped because Green-led Brighton and Hove City Council had not accepted an application to host it this year.
News watch December 2012: today's auto industry news
Mon, 31 Dec 2012Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Monday 31 December 2012• Despite reports earlier this month that shareholders valued Mercedes-Benz at half that of its luxury rival BMW, Mercedes CEO Dieter Zetsche has remained bullish about his ambitious targets for the carmaker's growth. 'I am confident that we will be ahead of our rivals by 2020 at the latest,' he told German newspaper Boersen-Zeitung in an interview.