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TVR sold
Thu, 22 Feb 2007By Tim Pollard Motor Industry 22 February 2007 10:30 Russian businessman Nikolai Smolenski is back in charge of the failed TVR business - and looks set to move production abroad. The deal was announced on Thursday evening, after the administrators PKF Partners struck a deal with Smolenski to buy TVR's assets for an undisclosed sum, thought to be in excess of £2m. The Russian businessman bought TVR in 2004 for around £15m, but sales stalled and the Blackpool factory crashed into administration at Christmas time.
Lincoln Town Car lives on--as the MKT
Mon, 14 Feb 2011Lincoln is not forsaking the world of limos. That means if you're planning a wedding, bachelor party or even a birthday bash that requires a chauffeur, the MKT is in your future. Lincoln is winding down production of the venerable Town Car this year, and as expected, an MKT will replace it.
Ferrari chief Montezemolo balances growth, exclusivity
Mon, 28 Nov 2011On the morning of the day he celebrated 20 years as head of Ferrari, Luca Cordero di Montezemolo says his first thought was about the future, not the past. He pondered what the world's most famous sports-car maker would look like in 2020. "I have not come up with a comprehensive idea yet," said Montezemolo in an interview at his office in Maranello, 11 miles south of Modena in central Italy.