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Goodwood FoS really does create sales for supercar makers
Wed, 27 Jun 2012Is the Goodwood Festival of Speed just an excuse for petrolheads to gather, or do supercar makers actually see sales rise as a result? If you’re a real petrolhead, there really is no better car show on earth than the Goodwood Festival of Speed (which starts this weekend). Yes, other car shows offer some of what Goodwood does – Villa D’Este, Pebble Beach and Salon Prive are all very good – but none have the depth of petrolhead goodness you’ll find on offer at Goodwood.
Bugatti Veyron 16.4 Super Sport hits 268 mph
Sun, 04 Jul 2010Bugatti is claiming a new production-car top-speed record with a combined two-run average of 267.9 mph (431.072 kph) with a new Veyron 16.4 Super Sport model, smashing the 253.76-mph record set by a standard Veyron 16.4 in 2005. It also betters the existing world-record mark of 256.23 mph (412.28 kph) established by Shelby SuperCars with its Ultimate Aero on a 12-mile stretch of road in Nevada in 2007. Confirming details of the attempt run under tight security at parent company Volkswagen's 13-mile Ehra-Lessien test track in late June, Bugatti says the new Super Sport set the record in the hands of its test driver, Pierre-Henri Raphanel, and under the auspices of officials from the Guinness Book of Records.
Saab: China’s Pang Da & Youngman to invest $7.5 billion. UPDATED
Mon, 31 Oct 2011Saab: China to invest $7.5 billion Update: We have now been told by Saab that Pang Da and Youngman are to provide €50 million immediately and €600 million for short to medium finance. Funding for the revised business plan and provide long-term financial stability the new Chinese owners have also budgeted funding for the planned expansion of Saab Automobile’s portfolio and additional operations to be set up in China There will be a reduction of 500 in the employee numbers. Sales targets for 2012 of 35-55,000 cars and 2013 of 75-85,00 and long-term of 200,000 cars a year Interestingly, Saab says that ‘Saab Automobile has not received the funds from Pang Da and Youngman that have been committed for today.’ Oh, well. Although the deal which will see Saab sold to China’s Youngman and Pang Da is still subject to a raft of approvals – Swedish Debt Office, EIB, GM, Chinese Government… – it seems the Chinese have big plans to invest up to $7.5 billion in Saab in the coming years.