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D-day for General Motors: GM files for bankruptcy
Tue, 02 Jun 2009By Tim Pollard Motor Industry 02 June 2009 06:57 General Motors today faces the humiliation of collapsing into bankruptcy. It marks the 1 June deadline imposed by US president Barack Obama for the General to sort out its business – or seek protection from creditors in the bankruptcy courts. As we’re all too painfully aware, GM has been unable to perform miracles, triggering one of the greatest industrial collapses seen in American corporate history.
Jaguar XF CKD assembly starts in India
Tue, 22 Jan 2013Jaguar Land Rover has started assembling the Jaguar XF at its plant in Pune, India, in a move to reduce XF retail prices in India. Lower taxes on cars assembled in India from CKD kits produced in the UK (although not as low as they were), rather than importing complete cars from the UK, mean assembling the Jaguar XF in India will give the XF - already Jaguar’s best-selling car in India – a more attractive headline price. That means the 3.0 litre Jaguar XF dropping in price from 5.8 million rupees (around £68k) to 5.1 million (around £60k) and the newly introduced 2.2 litre diesel XF will come to market at 4.5 million rupees (around £53k).
Ascari A10 (2007): first official pictures
Thu, 26 Oct 2006By Jason Golembo First Official Pictures 26 October 2006 05:20 Ascari A10: the lowdown Ascari has unveiled a lightweight version of its KZ1 supercar, which it claims is a British rival for the Ferrari FXX. With 625bhp on tap and a kerb weight of around 1200kg, the new supercar is claimed to despatch the 0-60mph in 2.8sec – just 0.3sec slower than a Veyron. Just 50 A10s will be built in Ascari's Banbury plant, with only ten going to UK homes.