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Saab turns down takeover offer from Chinese investors
Fri, 21 Oct 2011Swedish Automobile, owner of Saab, has turned down a takeover offer from China's Zhejiang Youngman Lotus Automobile Co. and Pang Da Automobile Trade Co. Youngman and Pa Dang signed a nonbinding memorandum in July to take a combined 53.9 percent stake in Swedish Automobile for about $338 million.
Ford Fiesta eWheelDrive gets wheel hub electric motors
Sat, 27 Apr 2013The Ford Fiesta eWheelDrive – a driveable research vehicle built by Ford and German specialists Schaeffler – may be a regular supermini in size, but it points towards a potential future EV which is much more compact and very manoeuvrable. Ford has taken a regular Fiesta and dumped its powertrain, replacing it with a battery bank where the engine would be and fitted a pair of in-hub electric motors on the rear wheels. But the plan is to build new cars with the batteries under the floor which frees up the space under the bonnet which can then be all but removed to create a very compact urban car that still has space for four.
Jaguar E-Type 50th: The Royal Mail Stamps
Wed, 30 Mar 2011Jaguar E-Type 50th Anniversary Stamps (click image for full size) Motoring history will tell you that 1961 was the year of the Jaguar E-Type. The year it launched at the Geneva Motor Show and changed the way the world looked at Jaguar forever. The year that Enzo Ferrari called the E-Type the most beautiful car in the world, and the year the whole world – petrolhead or not – fell in love with Jaguar’s supercar for the masses.