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Ferrari 599XX raises €1.4 million in Ferrari earthquake auction
Wed, 20 Jun 2012The auction by Ferrari to raise funds for victims of the earthquake in the Emilia Romagna region has raised €1.8 million. The Ferrari auction to raise money for victims of the earthquake in the Emilia Romagna region in Italy only kicked off two weeks ago, but has already ended with a total of over €1.8 million raised. The vast majority of the funds raised came from the sale of the Ferrari 599XX which sold to an American buyer for €1.4 million – almost a bargain.
Jaguar Land Rover in talks to buy Aston Martin
Fri, 16 Nov 2012Talks have taken place between Tata – owners of Jaguar Land Rover – and the Kuwait Investment Dar – owners of Aston Martin. We reported a year ago that Aston Martin needed a big car maker behind it to have any chance of survival, and just last week the world caught up with that story as it was revealed the Kuwait Investment Dar – majority shareholder in Aston Martin – was seeking a buyer for Aston Martin. We said a year ago that Jaguar Land Rover was the best fit as a buyer for Aston Martin, but we doubted JLR would want to go back to being the poor relation to AML – as it was in the days of Ford’ ownership of the brands – where a Jag was a poor man’s Aston.
Local Motors 'Design Our Car' competition opens
Thu, 09 Feb 2012Local Motors has opened its first-ever ‘Design Our Car' competition, which encourages collaboration within the manufacturing community. The open-source automaker is providing two of its Rally Fighter cars, one of which will be built at the company's micro-factory in Arizona while the other will be built live in the Emerging Technology Center at September's International Manufacturing Technology Show (IMTS) in Chicago. Ideas from the design and engineering community are being sought to help design and select a skin for the Rally Fighter that will be built by the Local Motors team this spring.