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Renault buys Caterham stake in Alpine as Anglo-French deal collapses
Tue, 10 Jun 2014By Michael Karkafiris Motor Industry 10 June 2014 10:36 The collaboration between Renault and Caterham officially ended today, with the French company acquiring Caterham’s remaining stake in Alpine. It marks the end of the road for the Anglo-French collaboration, leaving Renault the sole owner in Société des Automobiles Alpine. Today’s announcement terminates the 50-50 partnership signed in November 2012 between the two companies, a partnership that started with the promise of building two sister sports cars, one from Alpine and one from Caterham.
Marchionne, Fiat execs tighten grip on Chrysler under unified management team
Thu, 28 Jul 2011Sergio Marchionne, CEO of Fiat S.p.A. and Chrysler Group LLC, will retain oversight of the two automakers in North America under a single management team dominated by Fiat-bred executives. Four regional chiefs will be in charge of Fiat and Chrysler operations in North America, South America, Europe and Asia effective Sept.
Detroit Electric SP:01 (2014) nears production. The next Tesla?
Thu, 19 Jun 2014By Tom Gregory Motor Industry 19 June 2014 11:26 New US based electric car maker, Detroit Electric, has been conducting final testing in Europe of its new SP:01 sports car.Described by Detriot Electric as the “world’s fastest production electric vehicle”, the rear-wheel-drive two-seat convertible is now nearing production having initially been unveiled in the USA and China last year. In a word, yes. Much like the equally electric Tesla Roadster, the SP:01 is built on the aluminium chassis of the Lotus Elise and as such, shares more than a passing resemblance with the Norfolk-built sports car.