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Brazil plant for Jaguar Land Rover
Mon, 09 Dec 2013JAGUAR LAND ROVER (JLR) is to become the first UK car-maker to open a manufacturing facility in Brazil. JLR is investing £240 million in the initiative, which will see the development of a plant that will produce up to 24,000 vehicles a year. The factory, based in the city of Itatiaia, will initially employ 400 people, with the first vehicles due to come off the assembly line in 2016.
Classic Ferrari becomes most expensive car ever sold in UK
Fri, 31 Jan 2014This 1957 Ferrari 250 TR – or Testarossa – has just become the most expensive car ever sold in the UK outside of an auction. The exact figure paid is undisclosed, but is said to be in excess of the previous record-holder, a Ferrari 250 GTO that sold for £22.5 million in 2012. Yes folks, if you’ve got the cash, classic Ferraris are where it’s at in the investment world right now.
2014 Chevrolet Spark EV rated at 119 mpg
Wed, 24 Apr 2013General Motors says its Chevrolet Spark EV will get the equivalent of 119 mpg in combined city and highway driving, the best efficiency of any U.S. car sold to retail buyers. The 2014 Spark EV, which will be launched this summer in California and Oregon, will have an EPA-rated range of 82 miles when fully charged, GM said in a statement.