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Jaguar XKR GT3 (2007): first news and photos
Fri, 12 Jan 2007By Tim Pollard First Official Pictures 12 January 2007 10:26 Jaguar XKR GT3: the lowdown The Jaguar XK coupe has been sent on a course of steroids for its race-car transformation. The XKR GT3 was unveiled at the Autosport International Show and will compete in this season's FIA GT3 European Championship. It keeps the 4.2-litre supercharged V8 of the Jaguar XKR road car, but has been tuned to produce at least 475bhp in race trim.
Viper sports car division no longer for sale
Mon, 13 Jul 2009By Ben Whitworth Motor Industry 13 July 2009 14:08 Viper’s yo-yoing lifeline looks to be finally secured after ailing parent company Chrysler said the sports car maker was no longer for sale. Rather than killing off its muscle-bound brand, last summer Cerberus-run Chrysler considered selling off the rights to the Viper, hoping to achieve around $10m for the Detroit assembly plant and brand equity to bolster its dwindling cash reserves and stave off imminent bankruptcy. After an initial surge of interest from similar-minded companies like Roush and Saleen, curiosity nosedived along with the global economy.
Ford reaches agreement to sell Volvo to Geely for $1.8 billion
Mon, 29 Mar 2010Ford has reached an agreement to sell its Swedish brand Volvo to Chinese carmaker Geely for about $1.8 billion in a multinational sale expected to close in the third quarter of this year. The pending agreement was announced on Sunday morning, and Ford will continue to supply powertrains, stamping and other parts to Volvo after the sale. If it closes, the landmark deal delivers the premium Volvo brand--long a benchmark for automotive safety--to a Chinese firm that has ambitious plans for growth.