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Gulf One Z06 tops $1 million at auction
Thu, 29 Jan 2009An icon of 1960s racing, the Gulf One Corvette Z06 racer, was in familiar position last weekend at the Mecum Auction--first. The 1963 car sold for $1.05 million at the Kissimmee, Fla., event--doubling the price of a 1962 Mercedes 300 SL, which went for $525,000, not including the buyer’s premiums. The racer is based on a production Corvette Sting Ray.
VW to buy Italdesign Giugiaro, sources say
Wed, 19 May 2010Volkswagen AG will buy a controlling stake in Italy's largest design and engineering firm, Italdesign Giugiaro S.p.A., two industry sources confirmed to Automotive News Europe. One of the sources said that an announcement could come as early as next week. Italdesign and VW representatives declined to comment.
News watch May 2011: today's auto industry news
Tue, 31 May 2011Come 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-hourTuesday 31 May 2011 • Canada will look to sell their 1.7% share in Chrysler to Fiat, but will be biding their time to see what the US goervment obtain for their own share first. (autonews.com)• Nissan's St Petersburg, Russia assembly plant will shut down for five days due to lack of engines. The plant, which builds the X-Trail, Murano and Teana midsize saloon models, receives its engines from Japan.