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Crunch watch Jan 09: the auto industry in crisis
Fri, 30 Jan 2009By Tim Pollard, Ben Pulman and Gareth Evans Motor Industry 30 January 2009 12:39 Friday 30 January 2009• Honda is about to close the Swindon factory for four months when Friday's shifts are finished; the shutdown will affect 2500 of the 3700 staff, who will receive full pay for two months and then 60% pay for the next eight weeks (BBC News)• Porsche has announced a sharp drop in sales and likely profits. It forecasts a 27% drop in 911, Boxster, Cayman and Cayenne sales to around 34,000 units in the six months to the end of January 2009 (Financial Times, subscription required)• Ford wants Washington to do more to stimulate car sales, after posting a record loss of nearly $14.6 billion earlier this week (Detroit News)• Honda's quarterly profit has crashed by 90% – forcing the Japanese car maker to halve its annual profit target (Detroit Free Press)Thursday 29 January 2009• Ford of Europe is a bright spot in the Blue Oval's quarterly results today, making $1.06 billion pre-tax profit in 2008 (up from $997m in 2007). It's the first profit of more than $1bn since 1989 (Automotive News Europe, subscription required)• Volvo suffered a 'disastrous 2008' with a pre-tax loss of $1.46bn.
South Wales to get new racing circuit for 2015
Thu, 11 Jul 2013Wales, already home to some of the UK’s best driving roads, is getting an all-new purpose-built racing circuit. The 3.5-mile track, to be christened ‘Circuit of Wales’, is due to be opened in 2015/2016, with work beginning on the site later in 2013. Where will the Circuit of Wales be built?
Silverstone: the defining moments from 50 British grand prixs
Thu, 03 Jul 2014By Tom Clarkson Motoring Issues 03 July 2014 11:00 1948 Silverstone’s transformation from a World War II bomber station into a race circuit began in August 1948, when the Royal Automobile Club took out a one-year lease on RAF Silverstone. Under the stewardship of local farmer James Wilson Brown, the RAC International Grand Prix was staged on 2 October, using similar regulations to those that shaped pre-war grand prix racing. The track layout comprised the airbase’s perimeter roads, with straw bales and ropes protecting the piggery and the crops in the middle of the circuit.