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News watch March 2011: today's auto industry news
Thu, 31 Mar 2011Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Thursday 31 March 2011• US President Barack Obama has strated all US government cars and trucks purchased from 2015 must be alternative-fuel vehicles (Automotive News)• Nissan CEO Carlos Ghosn has denied a report in Japan's Nikkei newspaper that he is leaning towards a formal merger of Nissan and Renault (Reuters)• Fiat CEO Sergio Marchionne says that Chrysler's share IPO may now take place in 2012, depending on financial progress this year (Bloomberg)Wednesday 30 March 2011• Tesla CEO Elon Musk has called a report that the EV carmaker is a takeover target 'bad analysis' and remains confident the firm will stay independent (Bloomberg)• The BBC denies that it rigged a December 2008 Top Gear TV test of the Tesla Roadster, in response to being sued by the EV carmaker (BBC News)• First Group, the UK's largest public transport operator, has announced a £160m investment in new buses, ordering 955 new buses from UK manufacturers Wrightbus and Dennis over the next two years (BBC News)• Japanese production woes look set to continue into April. Toyota expects the majority of Toyota and Lexus production on 14 April (Automotive News)• Saab production has re-started again, following a half yesterday afternoon.
Damon Hill’s bid to close P1 'unsuccessful'
Fri, 20 Mar 2009By Tim Pollard Motor Industry 20 March 2009 16:04 Damon Hill’s bid to wind up the P1 supercar club in the High Courts of Justice has been rejected – for now. The former F1 world champion is pursuing money owed to him and issued a petition to close down P1 to pay the debt. But Hill’s co-founder of P1 International, and current chief executive officer, Michael Breen told CAR Online that the petition to wind up his business had been unsuccessful.
New Lexus LF-LC Concept at Australian Motor Show with 500bhp Hybrid powertrain
Mon, 27 Aug 2012Lexus are teasing a new version of the LF-LC Concept with 4WD and a 500bhp hybrid powertrain for the Australian Motor Show. When Lexus revealed the LF-LC Concept at the Detroit Motor Show at the start of 2012 our collective jaws dropped. It was a stunning two door coupe with the nose from the GS, a profile that had hints of the LFA, a stunning interior and the hope Lexus were brave enough to put it in to production.