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MG Concept 5 (2011) first official pictures
Tue, 19 Apr 2011This is the MG Concept 5, a Focus-sized five-door hatchback designed in the UK and making its debut at the 2011 Shanghai motor show. MG 5…so it’s smaller than the new MG 6, I take it? Yes.
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.
Ferrari video of the next Enzo's HY-KERS hybrid
Thu, 26 Apr 2012Ferrari has issued video of its new HY-KERS hybrid system bound for the new Enzo successor due later in 2012. It mates a V12 petrol engine with a brace of electric motors - one to drive the car's ancillary systems like cooling and power assistance, and the larger one to drive the rear wheels. This teaser video doesn't give away any incredible performance figures, but it does afford a glimpse into Maranello's thinking for its new hypercar.