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£10 million cash boost for Lotus
Tue, 26 Nov 2013Business secretary Vince Cable has visited Lotus’ Norfolk headquarters today, where he announced the company would be awarded £10.44 million from the Regional Growth Fund. The money will be used for research and development of products, as well as staff training. The sports car company expects to create 313 full time jobs to support production over the coming years.
Bentley Continental Estate – Carrazzeria to make a Bentley Shooting Brake
Wed, 10 Feb 2010The Bentley Continental Shooting Brake by Carrozzeria A week or two back we got the sniff that Italian Coachbuilders Carrozzeria Touring Superleggera where planning on building a limited run car based on the Bentley Continental. The rumours were vague – even from Carrozzeria who simply stated “Inspired by the success and the extraordinary characteristics of Bentley automobiles, Carrozzeria Touring Superleggera of Milan, with the support of Bentley Motors Limited, developed and built a fascinating new coach built Bentley, faithful to its long tradition of Italian coach building.” Which told us not a whole lot. But we now know that what Carrazzeria are planning is a Bentley Continental Shooting Brake – effectively a Bentley Continental GT Estate.
McLaren F1 sells for $8.47 million at Gooding & Co’s Pebble Beach Auction
Sun, 18 Aug 2013McLaren F1 chassis #66 (pictured) has sold for $8.47 million There’s been an inexorable rise in the price of classic cars in recent years as rich men realise that certain classic cars not only have huge appeal, but appear to be going only one way in price. Add to that – certainly in the UK – that any profits made on the sale of a classic car you’ve bought for your own enjoyment are tax free, and it’s no shock that values keep rising, and the rarer the car the more they rise. So with only 64 road cars made, the McLaren F1 can be considered a sound investment, with values rising since it first sold in the 1990s for around £640,000 to a new world record auction price set last night of £8.47 million (around £5.42m).