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Bugatti 16C Galibier concept (2009) unveiled in Molsheim

By Phil McNamara First Official Pictures 14 September 2009 14:26 Bugatti is giving a glimpse of its future beyond the Veyron with this W16-powered four-seat limousine. Like its two-seat stablemate, the 16C Galibier aims to be the ultimate: the fastest, most powerful, most elegant and expensive car in the world. Officially it’s a concept car, but Bugatti has started showing the Galibier to customers; if sufficient open up their Swiss accounts, expect the green light in spring 2010 with sales beginning within three years.

TVR sold

By Tim Pollard Motor Industry 22 February 2007 10:30 Russian businessman Nikolai Smolenski is back in charge of the failed TVR business - and looks set to move production abroad. The deal was announced on Thursday evening, after the administrators PKF Partners struck a deal with Smolenski to buy TVR's assets for an undisclosed sum, thought to be in excess of £2m. The Russian businessman bought TVR in 2004 for around £15m, but sales stalled and the Blackpool factory crashed into administration at Christmas time.

Porsche buys Nardo for high-speed tests

Porsche has announced it is to take ownership of the famous Nardo Proving Ground in southern Italy. The company's engineering consultancy wing, the Porsche Engineering Group, will assume ownership as of May 2012. Nardo is currently owned by Italian firm Prototipo SpA.  No fee has been disclosed by either party.