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Porsche 918 Spyder hits the Nurburgring (video)
Sun, 22 Jul 2012The Porsche 918 Spyder – Porsche’s hybrid replacement for the Carrera GT – has been caught on video at the Nurburgring. Incredibly, it’s more that two years since Porsche took the wraps of the 918 Spyder at the 2010 Geneva Motor Show, yet we’re still more than a year away from actually seeing production cars. But Porsche are putting their time to good use. Porsche has made a few cosmetic tweaks already from the original 918 Concept, but they’ve also let it be known that the 918 Spyder will get a 550bhp 4.6 litre V8 to go with its electric motors on the front wheels (one less motor than originally envisaged – there was going to be one one the back axle too), which will make the 918 Spyder a FWD Porsche when in EV mode.
New Zenos E10 British sports car revealed
Thu, 03 Oct 2013If you’ve not heard of Zenos Cars, don’t worry – the firm is only a few months old after all. But despite its relatively fledgling nature, the company has got big plans for its new E10 sports car. It’s aiming to take on Lotus, Ariel and Caterham for the lightweight British sports car crown, and with former Caterham chief executive officer Ansar Ali and chief operating officer Mark Edwards – along with ex-Caterham employee Chris Weston – Zenos has certainly got the expertise to succeed.
Chrysler's main creditors reach deal with U.S.; others hold out
Tue, 28 Apr 2009The U.S. Treasury Department has reached a tentative debt-reduction agreement with Chrysler's main creditors but still must get other lenders to sign on for the deal to take effect, three people with knowledge of the talks said today. The accord with JPMorgan Chase, Citigroup, Goldman Sachs and Morgan Stanley would reduce Chrysler's $6.9 billion debt to $2 billion, which would be repaid by Chrysler in cash, they said.