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Fisker, Energy Department face tough Congressional hearing on federal loans
Thu, 25 Apr 2013Struggling Fisker Automotive took a bludgeoning Wednesday on Capitol Hill from top congressional Republicans who compared Fisker to failed automotive startups of the past and lambasted the Department of Energy for allowing the electric-car producer to draw down nearly $200 million in taxpayer-funded loans. House Oversight Chairman Darrell Issa, R-Calif., told Fisker founder Henrik Fisker that he will be remembered fondly for his design work for BMW and Aston Martin. But he compared Fisker to Malcolm Bricklin, John DeLorean and Preston Tucker -- three entrepreneurs known for their failed startup car companies.
Mystery new luxury British sportscar planned
Fri, 17 Jan 2014The name David Brown is famously associated with Aston Martin, as the company was once owned by a British entrepreneur who is now immortalised in a series of “DB” model lines, including James Bond’s favourite DB5 and the current DB9. We digress. Now another David Brown is hoping to make his mark – or should that be marque – on the British luxury motoring scene by launching an all-new David Brown Automotive brand in April 2014.
Ferrari 458 Italia spider in the works, Di Montezemolo reportedly says
Tue, 29 Sep 2009The Ferrari 458 Italia will get a spider version, company president Luca di Montezemolo told Italian reporters. The Ferrari chief says work is under way on the topless 458 and that it should arrive in about two years. The 458 coupe launches early next year.