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Monterey Park, California, United States
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Autoweek in review: What you might have missed
Fri, 01 Jun 2012A 1933 Alfa Romeo took home the top-prize “Gold Cup” from the Concorso d'Eleganza Villa d'Este this past week. The owner purchased the car in 2002, fulfilling his boyhood dream of owning it. Chrysler said it will drop the Jeep Compass and will replace the Town & Country minivan with a crossover.
Aston Martin sales UP in 2013 – new platform being developed
Tue, 29 Apr 2014Aston Martin sales and revenue up in 2013 Aston Martin has revealed its results for 2013 – its centenary year – which show the coolest car brand on the planet managed to increase sales by 11 per cent – to around 4,200 cars – and revenue to £519 million, an increase of 13 per cent over 2012. Aston Martin’s earnings before EBITDA (that’s earnings before interest, taxes, depreciation, and amortization) were up a strong 22 per cent to £84.8 million, demonstrating strong operating profitability, although actual earnings were marginal. But Aston Martin are bullish about the performance, and equally bullish about the future.
GM tipped to buy Tesla in 2014 - report
Tue, 31 Dec 2013Tesla Motors Tesla has made a real splash in the electric-car scene, so it should come as no surprise that its success is generating renewed interest in the fledgling start-up. New media reports in the US suggest that one of America's biggest car makers, General Motors, is considering buying Tesla in 2014. Veteran auto industry analyst Yra Harris, of Praxis Trading, told CNBC that GM may make a bid for Elon Musk's electric vehicle (EV) specialist in the coming months.