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David Brown Automotive promising a new luxury British sports car
Fri, 17 Jan 2014David Brown Automotive promising a new luxury British sports car The name David Brown Automotive conjures up images of the man whose initials still give us the Aston Martin DB9 – former tractor builder David Brown who bought up Aston Martin in 1947 (and subsequently Lagonda and Tickford). But this David Brown Automotive is actually a new company which promises to “…refresh the classic British sports car, for the 21st Century” with a vision for a new luxury take on the classic British Sports Car. David Brown has put together a team lead by Alan Mobberley – who was Chief Designer at Land Rover until 2005 and cropped up recently as the designer for Eterniti Motors – and has commissioned Envisage Group (the firm that bought up what was left of CPP after Vladimir Antonov’s exploits and who are building the glorious Lyonheart E-Type) to bring his dreams to life.
Bondholders snub GM, bankruptcy filing likely
Wed, 27 May 2009Nowhere near enough General Motors bondholders agreed to exchange their debt for stock before a midnight Tuesday deadline, making a bankruptcy filing by the automaker highly likely. GM had set a threshold of 90 percent of the $27 billion in bond debt it wanted to exchange for 10 percent of the stock in a reorganized company for the deal to take place. In a statement Wednesday, GM said the amount of notes tendered was substantially less than the 90 percent target.
2012 Volkswagen Beetle to launch with Black Turbo edition
Mon, 13 Jun 2011Volkswagen is borrowing a page from sister company Porsche and will turn to the color black to sex up the soon-to-arrive 2012 VW Beetle--and to draw attention to a preorder program launching this year. The Beetle Black Turbo edition follows in the lineage of Porsche 911s augmented with Black editions, and the VW will sticker for $25,720, including shipping. Power comes from a 2.0-liter four-cylinder rated at 200 hp and 207 lb-ft of torque, which is the same as the regular turbo Beetle--and VW's hot hatch, the GTI.