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Alfa Romeo is not for sale, Fiat chairman says
Tue, 11 Jan 2011Fiat will not sell its Alfa Romeo unit and plans to relaunch the brand in the United States in late 2012, top Fiat executives said. “We would not sell Alfa even if we were offered tons of money,” Fiat chairman John Elkann told reporters at the Detroit auto show on Monday. Fiat and Chrysler CEO Sergio Marchionne said: “Alfa is part of Fiat's operational perimeter and we've already invested too much to get rid of it.” Volkswagen AG is rumored to be pursuing Alfa Romeo.
High Fuel Costs Forcing Drivers Off Road
Wed, 04 Dec 2013THE latest AA/Populus survey released to coincide with the Government’s Autumn Statement tells us something we probably already know: high fuel prices are continuing to force drivers to use their cars less. As part of its poll of 21,587 AA members, the organisation found that 45% are cutting down on car usage and 28% are slashing family or personal budgets to compensate. Semi or unskilled workers and pensioners are cutting back most on motoring, with 53% using their cars less.
Porsche 918 Spyder (2010) at Geneva motor show
Mon, 01 Mar 2010Porsche has shown off this stunning new 918 Spyder concept car on the eve of the 2010 Geneva motor show. It’s a mid-engined two-seater in the mould of the Porsche Carrera GT – a landmark supercar to showcase Porsche’s technical nous. Michael Macht, president and chief executive officer of Porsche, unveiled the 918 Spyder in Switzerland, and intriguingly proclaimed that Porsche has never shown a concept car that it hasn’t put into production… Porsche’s official press release was light on the details, but after the unveil Porsche’s R&D chief Wolfgang Durheimer talked CAR around the 918 Spyder and revealed some eye-popping figures for this part-electric hybrid supercar which weighs in at 'less than 1490kg'.