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Saab reportedly bought by Chinese-led consortium
Fri, 08 Jun 2012A Chinese-controlled consortium has completed a deal to buy the assets of bankrupt Swedish carmaker Saab, media reports said. National Electric Vehicle Sweden (NEVS) will pay 1.5 billion to 1.8 billion kronor ($210 million to $250 million) for Saab, excluding spare parts company Saab Automobile Parts AB, according to reports in Sweden. NEVS did not confirm the reports.
Ferrari auction raises funds for Japan relief
Tue, 05 Jul 2011Car lovers came together for a good cause at the Italian Embassy in Tokyo on Monday. More than 200 people participated in a Ferrari charity auction, which raised more than 500,000 euros, or about $723,000 at current exchange rates. Proceeds will benefit the city of Ishinomaki, which was severely hit by the earthquake in Japan in March.
Will the California damage Ferrari?
Sat, 24 Jan 2009[ad#ad-1] Ferrari has had a wonderful 10 years. Riding the back of a benign world economy, it has doubled the number of cars it sells to over 6,000 a year, and sales have risen to over €1.6 billion. The biggest success by far has been the 360/430, which easily accounts for the lion’s share of the sales.