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McLaren F1 – the California Burn-Up!
Tue, 02 Jun 2009Brings a tear to the eye - a burnt-out McLaren F1 The McLaren F1 is certainly a car designed to burn up the road. But for one poor owner that became a literal nightmare as his £1.75 million McLaren F1 burnt out on a drive to the airport in Rincon Valley, California. McLaren owner Irv Kessler hadn’t used the F1 for 6 months, but he probably wishes he hadn’t yesterday either.
Some secured lenders object to quick sale of Chrysler
Mon, 04 May 2009A minority group of Chrysler LLC secured lenders has objected in bankruptcy court to the quick sale of Chrysler to a new corporate entity led by Fiat S.p.A. The group of about 40 banks and hedge funds holds about $3 billion of the $6.9 billion in secured loans that Chrysler has with the banks. Four major New York banks holding $4 billion of that debt agreed last week to settle for $2 billion in payment for the $6.9 billion owed.
Audi Quattro return planned for Frankfurt motor show
Fri, 14 Jun 2013Audi is planning to return the Quattro to its lineup some 30 years after the original model first appeared, Autoweek sources say. September's Frankfurt motor show is shaping up as the likely backdrop for the reveal; the car looks like it could be one of the German automaker's most exciting cars in quite some time. Word is sales will start in 2014.