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GM to shut down Saab
Fri, 18 Dec 2009General Motors will shut down Saab after the automaker wasn't able to conclude a deal to sell the brand to Spyker Cars, GM said on Friday. “Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time," GM Europe president Nick Reilly said in a statement. "In order to maintain operations, Saab needed a quick resolution.
Citroen DS4 interior photos
Fri, 23 Apr 2010TCitroen has released interior photos of their High Rider Concept - the Citroen DS4 Strictly speaking these aren’t pictures of the Citroen DS4 interior, but of the Citroen High Rider Concept interior. But – bar a few production revisions – they are one and the same. We got our first peek at the DS4 as the High rider concept at Geneva a couple of months ago after the usual preamble tease.
McLaren F1 sells for $8.47 million at Gooding & Co’s Pebble Beach Auction
Sun, 18 Aug 2013McLaren F1 chassis #66 (pictured) has sold for $8.47 million There’s been an inexorable rise in the price of classic cars in recent years as rich men realise that certain classic cars not only have huge appeal, but appear to be going only one way in price. Add to that – certainly in the UK – that any profits made on the sale of a classic car you’ve bought for your own enjoyment are tax free, and it’s no shock that values keep rising, and the rarer the car the more they rise. So with only 64 road cars made, the McLaren F1 can be considered a sound investment, with values rising since it first sold in the 1990s for around £640,000 to a new world record auction price set last night of £8.47 million (around £5.42m).