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Fisker Automotive lays off some workers as government reworks loan

Work on the Fisker Nina family sedan has temporarily halted at the Fisker Automotive plant in Wilmington, Del., while the carmaker and the federal government hash out details of the company's $529 million Department of Energy loan. The interruption has resulted in the layoff of 26 people at its Delaware plant and a number of contract engineers at Fisker's Anaheim, Calif., headquarters. Fisker Automotive said some of the engineering-staff reductions in Anaheim were already planned to occur in between development of the Karma and the Nina.

Aston Martin sale imminent

Despite denying they were in talks to sell a stake, Aston Martin has confirmed it is in talks for a ‘Capital Increase’ with a deal announcement seemingly imminent. We’ve been banging on for more than a year that Aston Martin needs a new investor if it has any chance of remaining credible and viable. And now it looks like that ‘Big Brother’ for Aston Martin is imminent.

Lime Rock on track for Labor Day vintage festival

Connecticut’s Lime Rock Park doesn’t claim to have the biggest combination Concours d’Elegance and historic racing weekend in the United States, but it does have something that the recently concluded Pebble Beach and the Rolex Monterey Motorsports Reunion can’t match: All the action takes place in the same venue. And as any veteran of the annual traffic-clogged Monterey Peninsula extravaganza can attest, that’s a definite plus. But Historic Festival 30 presented by Jaguar isn’t just about convenience.