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Henrik Fisker resigns from Fisker Automotive
Wed, 13 Mar 2013Henrik Fisker, founder and executive chairman of struggling plug-in hybrid vehicle maker Fisker Automotive, has resigned. In an email today to Automotive News, Henrik Fisker, referring to himself in the third person, said: "The main reasons for his resignation are several major disagreements that Henrik Fisker has with the Fisker Automotive executive management on the business strategy." Fisker confirmed his resignation in a phone interview and declined to comment further. Tony Posawatz, who became president and CEO of the company in August, said this morning that he had just been made aware of the resignation.
Safety probe: BMW 7-series rolling away in 'park'
Tue, 09 Aug 2011The National Highway Traffic Safety Administration is investigating a potential problem with BMW 7-series sedans of not properly shifting into park. The issue sparked NHTSA's concern when it received a complaint that a 2006-model-year 7-series rolled away after the owner parked and exited the vehicle. BMW also submitted similar incident reports in which other 7-series cars rolled away from their owners.
Classic Lamborghini video surfaces
Mon, 26 Jan 2009The Lamborghini of today is a far cry from the Lamborghini of old. Starting life as a tractor maker, Lamborghini cars came in to being when Ferruccio Lamborghini complained to Enzo Ferrari about the clutch on his new Ferarri. The dismissive response was that “the fault is with the driver, not the car”, and so was born Ferruccio Lamborghini’s resolve to build a car to take on the might of Marenello from his factory in Sant’Agata (incidentally, when Lamborghini took apart the transmission in question, he discovered is was the same unit he was currently building in to his tractors!).