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GM shifts gears, will keep Opel
Tue, 03 Nov 2009General Motors' board of directors has decided that it will keep the Opel business and restructure it, putting an end to plans to sell the European operations to auto supplier Magna International. GM said it expects the restructuring of Opel to cost $4.42 billion (3 million euros), which it says is lower than the costs associated with outside bids for the company. GM said it will soon present its restructuring plans for Opel to the German government and other governments in Europe.
Ferrari World Abu Dhabi – the petrol-head theme park
Sat, 31 Oct 2009The impressive structure of the Ferrari World Theme Park on Yas Island in Abu Dhabi Makers of super cars may be having something of a torrid time at the moment with the world saving instead of spending. But if you have an iconic brand there’s more than one way to skin a cat to bring in the revenue. Cue Ferrari World in Abu Dhabi which has now risen from the desert and well on the way to being finished for the grand opening in 2010.
Ford unveils Automated Fusion Hybrid Research Vehicle
Fri, 13 Dec 2013Ford has officially revealed their Automated Fusion Hybrid Research Vehicle. Created in a partnership with University of Michigan and the State Farm insurance agency, the autonomous Fusion Hybrid is designed to test driverless car sensor technology. The project is the one of the results of more than a decade of work in automated vehicle technology on the part of Ford.