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General Motors board delays decision on favored Opel bidder
Tue, 04 Aug 2009General Motors Co.'s new board of directors made no recommendation in favor of one of the two rival bidders for Opel, the company said on Tuesday. The board has been updated on the Opel sale process but because talks are continuing with Magna International and Belgian investment company RHJ International, no recommendation has been made, GM said in a brief statement. GM's new board of directors was expected to choose one of the two bidders at a meeting on Monday evening.
Will the new Ford Mondeo (2014) end up a re-badged U.S. Ford Fusion?
Fri, 26 Oct 2012With the 2013 Ford Mondeo now becoming the 2014 Mondeo with the closure of Ford’s Genk factory, will Europe now get a re-badged US Ford Fusion? The Genk Plant makes the Ford Mondeo and the Galaxy and S-Max (which are built on the Mondeo platform) and, at its peak, was building over 300,000 Mondeos and over 100,000 MPVs. But by last year the Mondeo production had dropped below 100,000 mark and MPV production had dropped to 80,000.
Ferrari shows next Enzo's HY-KERS V12 at Beijing
Mon, 23 Apr 2012Ferrari stole a surprise march at the 2012 Beijing auto show when it announced a few details about its forthcoming Enzo successor. The powertrain you see here is essentially the hybrid supercar architecture which'll underpin the new hypercar being readied for launch later in 2012. Ferrari chief Amadeo Felisa told CAR the electric powertrain would lop 10% off the 0-124mph time - and its V12 is related to that in the F12, but with more power and 40% lower CO2 emissions.