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Tour of quake zone shows Akio Toyoda 'the depth of destruction'
Tue, 29 Mar 2011Toyota Motor Corp. President Akio Toyoda toured Japan's earthquake disaster zone, including the damaged assembly plant opened there in January, as the world's largest automaker struggles to get a grip on the supplier crisis and resume production. Toyoda's trip on Sunday and Monday took him to Miyagi prefecture, near the epicenter of the killer March 11 quake and an area being positioned by Toyota as its domestic center for small car production.
Ferrari 250 Testa Rossa set for Monterey auction
Mon, 14 Jun 2010A 1958 Ferrari 250 “Pontoon Fender” Testa Rossa will be featured in August at RM Auctions' 25th Sports & Classics of Monterey event. The Scaglietti-designed race car, serial number 0738 TR, is expected be one of the most valuable cars ever offered during Monterey's auction week. “RM set the current world-record price for a car sold at auction with another pontoon-fender TR selling for $12.4 million,” said Rob Myers, chairman and CEO of RM Auctions.
Tata is leading JLR bidder
Thu, 03 Jan 2008By Ben Pulman Motor Industry 03 January 2008 13:16 Ford looks set to sell Jaguar/Land Rover (JLR) to Tata. In a statement to JLR workers today, Ford of Europe chairman Lewis Booth said: ‘Ford is committed to focused negotiations at a more detailed level with Tata Motors concerning the potential sale of the combined Jaguar Land Rover business.’ This is the first time that Ford has publicly revealed the identity of any bidder for JLR. JLR has been up for sale since June 2007, and other potential bidders include rival Indian vehicle maker Mahindra Group and private finance group One Equity fronted by former Ford CEO Jac Nasser. Tata itself already owns a few famous names, including Tetley Tea and Corus (formerly British Steel).