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Volteis teases Philippe Starck-designed electric car
Tue, 21 Feb 2012Electric vehicle manufacturer Volteis has released a teaser of its latest car set to debut at the Geneva motor show, designed by Philippe Starck It has been confirmed that Starck, better known for his product and furniture design, would unveil the ‘V+ by Starck' at the show's Green Pavilion. The teaser indicates that the V+ will retain the basic shape of Volteis' X2 and X4 models, which have a range of 60 kilometers. Starck said, "I wanted to offer an alternative.
Jaguar Land Rover raise £500 million to fund expansion
Fri, 23 Mar 2012Jaguar Land Rover raise £500 million Jaguar Land Rover is raising £500 million on the bond market to fund its expansion, including new models and new facilities. Hot on the heels of the Jaguar Land Rover joint venture deal with Chery in China comes the news that Jaguar has dipped in to the private bond market to raise £500 million to help with its bold and bullish plans to make JLR a major world player in the premium vehicle sector. JLR plans to invest £1.5 billion a year on expansion and is making sure its coffers can cope by issuing £500 million of senior notes due in 2020, with the net proceeds of the bonds being used for general corporate purposes.
1957 Ferrari 250 Testa Rossa Prototype set to break auction record
Thu, 21 Jul 2011The 1957 Ferrari 250 Testa Rossa Prototype will be at Pebble Beach 2011 Yes, much of the world is labouring under an economic cloud, but that doesn’t stop the world’s wealthy car collectors bidding for very special cars such as this 1957 Ferrari 250 Testa Rossa Prototype. This particular 250 TR is something rather special – although they all are, of course – because it is one of the original prototypes for the Testa Rossa and is expected to beat the current world car auction record – around $30M for a 1936 Bugatti Type 57SC Atlantic – when it appears at Pebble Beach next month. Regular readers may remember that Max Girardo and team at R.M.