Airtex 1s8556 Door Window Switch on 2040-parts.com

Detroit Electric SP:01 (2014) nears production. The next Tesla?

By Tom Gregory Motor Industry 19 June 2014 11:26 New US based electric car maker, Detroit Electric, has been conducting final testing in Europe of its new SP:01 sports car.Described by Detriot Electric as the “world’s fastest production electric vehicle”, the rear-wheel-drive two-seat convertible is now nearing production having initially been unveiled in the USA and China last year. In a word, yes. Much like the equally electric Tesla Roadster, the SP:01 is built on the aluminium chassis of the Lotus Elise and as such, shares more than a passing resemblance with the Norfolk-built sports car.

How well is Ferrari really doing? Results analysed

Ferrari seems to be holding up well in the global recession, according to figures announced this week. Its market share is up, consolidated revenues fell just 7% in 2009 and overall operating profit stood at a juicy €245m. Not a bad performance in the biggest economic downturn for generations.Ferrari operates in the upper echelons of the premium sports car market: serious stuff with at least 450bhp and a minimum €140,000 price tag.

Russian tech entrepreneur buys EV maker Think

Norwegian electric-car maker Think Global AS, which filed for bankruptcy in June, has reportedly been bought out by a global technology entrepreneur. New owner Boris Zingarevich currently runs investment operations based in St. Petersburg, Russia.