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VW sells 5 million cars in China
Fri, 16 Oct 2009VW has hit 5 million car sales in China But some car makers saw the future long before the rest. Volkswagen has been making cars in China for 25 years in collaboration with Chinese partner SAIC. And 25 years ago China was a very different place to the country it is now, so it was a brave move and a big risk for VW at the time.
Enzo Ferrari museum to open in March
Thu, 05 Jan 2012“The Origins of the Myth” is the first exhibition scheduled for display when the Museo Casa Enzo Ferrari opens to the public on March 10. The museum complex is dedicated to Enzo Ferrari and motorsport in Ferrari's hometown of Modena, Italy. But celebrations in Modena will begin nearly a month earlier, marking the birth of the great car builder on Feb.
Jaguar-Land Rover officially sold (2008)
Mon, 02 Jun 2008By Ben Pulman Motor Industry 02 June 2008 15:37 Jaguar and Land Rover are now officially Indian-owned. The sale of the two iconic British brands was completed today, and ownership has now passed from Ford to Tata in exchange for $2.3bn in cash (£1.17bn). The sale means Jag/LR is debt-free, with none of the money used to fund the purchase being offset against the pair’s worth.