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RM Auctions' Icons sale brings good return on customs
Mon, 28 Sep 2009Hot-rod and custom-car enthusiasts came from across the country for RM Auctions' Icons of Speed and Style sale in Los Angeles on Saturday, which offered the entire collection of the Flying A Garage. Collector Ralph Whitworth had big plans to open a car museum in his native Winnemucca, Nev., and had assembled one of the greatest rod, custom and racing-car collections ever to make it happen. He housed it in a new, climate-controlled building in Winnemucca called the Flying A Garage and had plans to open a museum to draw interest to his hometown.
TVR sold
Thu, 22 Feb 2007By Tim Pollard Motor Industry 22 February 2007 10:30 Russian businessman Nikolai Smolenski is back in charge of the failed TVR business - and looks set to move production abroad. The deal was announced on Thursday evening, after the administrators PKF Partners struck a deal with Smolenski to buy TVR's assets for an undisclosed sum, thought to be in excess of £2m. The Russian businessman bought TVR in 2004 for around £15m, but sales stalled and the Blackpool factory crashed into administration at Christmas time.
Lotus for Sale? Proton advised to sell Lotus Group International
Wed, 28 Dec 2011Are Proton about to sell Lotus? Analysts are advising Proton – owners of Lotus Group International – to divest itself of the loss-making Lotus. It was always difficult to see any sort of synergy between budget car maker Proton and Lotus.