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De Tomaso sold by Rossignolo
Thu, 09 Feb 2012De Tomaso sold to unknown investors De Tomaso – the ill-fated Italian supercar maker – has been sold by Gian Mario Rossignolo after a financially fraught revival attempt. De Tomaso seems fated to lurch from one financial crisis to another – as it has throughout its history – with the latest efforts by former Fiat executive Gian Mario Rossignolo to revive the marque floundering for investment. And it looks like Rossignolo has given up the fight and sold out to unnamed investors.
Tata Nano (2008): first official pictures
Thu, 10 Jan 2008By John Sootheran First Official Pictures 10 January 2008 09:33 Shove over a bit Henry Ford, Ferry Porsche and Alec Issigonis, because as of this morning there's a new entrant for the People's Car Hall of Fame. The first day of the Indian Auto Expo 2008 in Delhi, saw Ratan N Tata (yes, the fella who's leading the bid for Jaguar and Land Rover) reveal his much vaunted 'one lakh' car (that's 100,000 rupees or a measly £1300). Despite being the Chairman and CEO of one of the world's biggest corporations, Ratan Tata admits to being a nervous presenter, so much so, that the initial information was presented by his hologram! When he did appear, it was behind the wheel of one of three 'one lakh' cars being driven onto the stage. The 3000-strong audience of press and VIPs went beserk amid scenes of euphoria last witnessed at the Clinton comeback in New Hampshire.
First Sight: Daimler-BYD electric car design renderings leak out
Mon, 24 Oct 2011Computer renderings of an electric car, being jointly developed by BYD Co., a Chinese battery and car producer that began making cars only less than a decade ago, and Daimler AG with more than a century of experience - were leaked for the second time this year. The car marks a critical juncture for the young Chinese carmaker based in the south China industrial hub of Shenzhen, just a stone's throw away from Hong Kong. It is also a key initiative in China, now the world's biggest auto market, for Daimler.