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1949 Ferrari 166MM Touring Barchetta heads for the auction block
Tue, 14 Dec 2010A 1949 Ferrari 166MM Touring Barchetta will headline RM Auctions' Automobiles of Arizona event, Jan. 20-21 in Phoenix. This 166 MM, serial number 0024 M, was originally commissioned for the 1949 Paris motor show, where it was shown in yellow and blue, the racing colors of Argentina.
BMW and Toyota plan engine-swap deal, reports say
Mon, 28 Nov 2011Details have begun to emerge about a planned engine-swap deal between BMW and Toyota. Set to be made public at the Tokyo motor show this week, the cooperation is said to center on BMW supplying Toyota with four- and six-cylinder common-rail diesel engines for use in a wide range of models. In return, Toyota plans to provide BMW with technology used to combine combustion engines and electric motors in various hybrid applications.
Volkswagen to buy 42 percent of Porsche, full merger planned
Thu, 13 Aug 2009Volkswagen will buy 42 percent of Porsche's sports-car business en route to a full merger by the end of 2011, the companies announced Thursday. VW will pay $4.7 billion for its initial stake in Porsche. It positions the new company to have 10 brands and global sales of 6.4 million, and Volkswagen CEO Martin Winterkorn is likely to lead the entity.