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Under the hammer, overseas: Russo and Steele explores classic-car auction in China
Thu, 10 Dec 2009It's ambitious, it's unprecedented and it's loaded with pitfalls. But if it can be pulled off, it could serve as a template for international growth for American auction houses. Russo and Steele is expanding into China and has announced plans this fall to form a joint venture with a Chinese company as a foothold.
White House pushes automakers toward 54.5-mpg target by 2025
Tue, 26 Jul 2011The White House is pushing automakers to agree by Wednesday to a corporate average fuel economy target of 54.5 mpg by 2025--a figure 1.7 mpg less than the 56.2 mpg standard it floated earlier this month. The easing of the White House plan stems from a concession to makers of light trucks and SUVs, and particularly larger vehicles in that segment, such as Ford's F-150, sources said. The latest White House proposal, the most definitive of any it has put forth, calls for a 5 percent annual mileage increase for cars from 2017-2025, said industry and congressional officials who asked not to be named because their discussions with the White House are confidential.
CAR interviews new Renault design chief Laurens van den Acker (2009)
Thu, 15 Oct 2009By Guy Bird Motor Industry 15 October 2009 10:29 CAR: How did you get the top design job at Renault? LvdA: From what I’ve been told [outgoing design boss] Patrick le Quément was asked to come up with three candidates, two internal and one external, and somehow I bubbled to the top of the external candidates. I think the criteria included international experience, being relatively young and having a good record.