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Volkswagen Phaeton will return to U.S. market
Thu, 19 Aug 2010The Phaeton large sedan is coming back to Volkswagen's lineup in the United States, according to the head of the German plant that builds the car. VW pulled the $85,000 Phaeton from the U.S. market in 2006 after four years of falling short of sales expectations.
Want a 28% return on investment? Buy a Classic Ferrari.
Mon, 29 Oct 2012The Wall Street Journal declares a classic Ferrari as a sound investment with returns in the last year averaging 28% on important models. It seems, especially if you’re a petrolhead, you can have your cake and eat it by investing in classic cars, and particularly in classic Ferraris, and not just see your investment on a balance sheet but in your garage too. The Wall Street Journal has been looking at ‘Treasure ASsets’ like fine wines, works of art and classic cars.
Panoz confirms new Abruzzi road car
Mon, 03 May 2010The recurring rumor is now put to rest. Don Panoz, founder of Panoz Auto Development and the American Le Mans Series, said on Monday that the latest Panoz sports car--the Abruzzi “Spirit of Le Mans”--will be formally unveiled in June in France, in the lead-up to the 24 Hours of Le Mans. “We wanted to wait until Le Mans to release official photos of the car, but today we are providing a ‘teaser’ image of the Abruzzi ‘Spirit of Le Mans’ that hints at what the final car will be like,” Panoz said.