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Charles Morgan dismissal appeal rejected
Sun, 03 Nov 2013Charles Morgan’s appeal against his dismissal from Morgan Motor Company has been rejected, after the firm’s board of directors chose to uphold the ruling last Friday, 25 October. In a short statement posted on his personal blog, Charles Morgan outlined, “I have been informed that Morgan has rejected my appeal and, as a result, I have been removed from Morgan Technologies.” On Bing: see pictures of Morgan cars Find out how much a used Morgan costs on Auto Trader The former strategy director of the Malvern-based British sports car manufacturer went on to say that “it is incredibly disappointing news.” Morgan – whose grandfather H.F.S. Morgan founded the company in 1910 – stated, “I have been dismissed on what I believe are very contentious grounds.
2013 Ford SVT Raptor to offer more off-road options
Tue, 26 Jun 2012Ford will offer some unique upgrades for its off-road terror, the F-150 SVT Raptor, in the 2013 model year. According to Ford, the truck will offer an industry-first—beadlock wheels direct from the factory. Beadlocks allow the driver to secure the edges of the tire to the wheel by clamping the tire between the wheel and a beadlock ring kit from Ford Racing.
Chrysler posts $370 million net loss on costs tied to repaid loans
Tue, 26 Jul 2011Chrysler Group LLC, after recording its first post-bankruptcy profit three months ago, posted a net loss of $370 million in the second quarter due to costs tied to the repayment of government bailout loans. Chrysler incurred a charge of $551 million in paying back the U.S. Department of Treasury and the Canadian loans that kept the automaker afloat in 2009.