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Jaguar puts C-X75 supercar on ice
Tue, 11 Dec 2012Jaguar has reversed its plan to sell the C-X75 hybrid supercar, fearing the project could be a commercial failure unable to recoup its investment. ‘After a thorough reassessment of the market conditions, the company’s view is that the global economic landscape does not currently support the introduction of a supercar such as C-X75,’ said Adrian Hallmark, Jaguar global brand director. Together with project partner Williams F1, Jaguar has built five prototypes of the plug-in hybrid.
Daimler raises its stake in Aston Martin to 5%, as alliance deepens
Mon, 04 Aug 2014By Tim Pollard Motor Industry 04 August 2014 17:42 Daimler has raised its stake in British sports car maker Aston Martin as the Anglo-German alliance strengthens, it emerged today. The Mercedes-Benz parent company grew its stakeholding by 1% on 31 July 2014, the company confirmed. Daimler now owns 5% of Aston Martin.
Next generation MINI Countryman to arrive in 2016
Fri, 31 Jan 2014The next generation MINI Countryman to arrive in 2016 (current model pictured) We’ve recently had the arrival of the all new MINI, and the next year or so will see the roll-out of a succession of takes on the new MINI. But that process of building a MINI for every possible niche won’t complete until the MINI Countryman (and its coupe sibling, the MINI Paceman) are replaced. That now looks likely to happen in 2016 as, according to Automotive News, BMW is to end production of the MINI Countryman and Paceman at Magna Steyr in Austria in 2016 and move production of the Countryman and Paceman to Oxford and the new MINI Plant in the Netherlands.