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Fisker, Energy Department face tough Congressional hearing on federal loans

Struggling Fisker Automotive took a bludgeoning Wednesday on Capitol Hill from top congressional Republicans who compared Fisker to failed automotive startups of the past and lambasted the Department of Energy for allowing the electric-car producer to draw down nearly $200 million in taxpayer-funded loans. House Oversight Chairman Darrell Issa, R-Calif., told Fisker founder Henrik Fisker that he will be remembered fondly for his design work for BMW and Aston Martin. But he compared Fisker to Malcolm Bricklin, John DeLorean and Preston Tucker -- three entrepreneurs known for their failed startup car companies.

Essex is home to a Brand New E-Type Jaguar

Ray Parrott, an Essex haulier and E-Type fanatic, has created the last ever authentic E-Type Jaguar from a collection of spare parts that has been gathering dust in a garage since 1974, when the last E-Type rolled off the production line at Browns Lane. Ray was contacted by Mike Wilkinson of M & C Wilkinson Spares, a classic Jag parts specialist in Yorkshire, who had dealt with Ray on many occasions for parts for the E-Types he already owned, to tell him that he had been able to secure this huge range of parts, all brand new and unused, from the guy who had bought them from Jaguar in the ’70s And so was hatched a plan. The New E-Type Jaguar belonging to Ray Parrot Between them they realised that there were at least 95% of the parts needed to build an E-Type from scratch, including the bodyshell, brand new V12 engine, gearbox and rear axle and even an unopened canvas top for the Roadster.

VW on the Up!

Volkswagen are to produce a range of small cars - based on the VW Up! Concept - in Slovakia [ad#ad-1] Volkswagen, and the whole VW/Audi/Porsche/SEAT/Skoda… group are certainly attacking the recession head-on. No cowering in a corner for the Germans – go attack is definitely the ethos.