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Ex-TVR chairman Peter Wheeler (1944-2009)

By Peter Adams Motor Industry 12 June 2009 11:50 Peter Wheeler, the chairman of TVR from 1980 to 2004, has died. Wheeler was in charge of TVR during some of the company’s finest modern years, launching lightweight and powerful rear-wheel drive Blackpool-built sports car including the Chimaera and Griffith, and the Cerbera, Tuscan, Tamora and Sagaris with TVR's own engine. Wheeler passed away during the night on Thursday 11 June after a short illness.

High Fuel Costs Forcing Drivers Off Road

THE latest AA/Populus survey released to coincide with the Government’s Autumn Statement tells us something we probably already know: high fuel prices are continuing to force drivers to use their cars less. As part of its poll of 21,587 AA members, the organisation found that 45% are cutting down on car usage and 28% are slashing family or personal budgets to compensate. Semi or unskilled workers and pensioners are cutting back most on motoring, with 53% using their cars less.

Ferrari black: Prancing Horse turns a profit in first quarter

Ferrari racers have always worn red. But black has been the standard-bearer for the company so far this year, as the Prancing Horse turned a $72 million trading profit in the first quarter. Making money amid the global economic crisis is no small feat--and Ferrari posted the gain despite a slip in sales and revenue.