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Safety probe: BMW 7-series rolling away in 'park'
Tue, 09 Aug 2011The National Highway Traffic Safety Administration is investigating a potential problem with BMW 7-series sedans of not properly shifting into park. The issue sparked NHTSA's concern when it received a complaint that a 2006-model-year 7-series rolled away after the owner parked and exited the vehicle. BMW also submitted similar incident reports in which other 7-series cars rolled away from their owners.
Ferrari posts huge profits - by building fewer cars
Tue, 18 Feb 2014AP Ferrari today announced an 8% jump in trading profits to €363.5 million in 2013 - despite selling 5% fewer cars. It's all part of the supercar maker's planned reduction in supply to keep values and demand for Ferraris rock-solid, Maranello reported. Turnover and profit all surpassed previous records, despite the reduction in the number of cars built.
PG Elektrus looking for the Tesla Roadster market
Wed, 25 Jan 2012PG Elektrus aims to take over from the Tesla Roadster German manufacturer PG and designer Michael Fröhlich have created the PG Elektrus, a Lotus Elise with an electric motor. With production of the Tesla Roadster now at an end, where will the millions thousands hundreds handful of car buyers round the world looking for an electric Lotus Elise for three times the money of the donor car look for gratification? Step up the PG Elektrus.