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Gibbs begins production of Quadski amphibious ATV
Tue, 13 Nov 2012During our test of the Gibbs Quadski, a high-speed amphibious ATV manufactured by Gibbs Sports Amphibians Inc., representatives stated that the first production vehicles would be ready for sale by mid-November. The company seems to have made good on that promise. According to a statement, the first production Quadskis were completed earlier today at an Auburn Hills, Mich., factory.
McLaren slows MP4-12C production for fixes
Wed, 05 Oct 2011British supercar maker McLaren has slowed production of the MP4-12C because of quality issues. The company says the problems are not safety- or performance-related. "There are no safety concerns for the delay," Tony Joseph, director of McLaren North America, told Autoweek.
U.S. equity firm to invest $70 million in Saab
Thu, 20 Oct 2011Race-car fan and private-equity executive Alex Mascioli is pumping $70 million into Saab as the Swedish automaker works to stay afloat. Mascioli's firm, North Street Capitol, is buying $10 million in shares of Swedish Automobile, which owns Saab, and is also giving the company a $60 million loan to pay for the carmaker's reorganization. U.S.-based North Street Capital struck a deal in September to buy the Spyker sports-car business from Swedish Automobile for $44 million.