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Portland, Oregon, US
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Team Lotus snaps up Caterham +video
Wed, 27 Apr 2011Team Lotus buys Caterham Cars - and a Team Lotus Special Edition Seven to celebrate Team Lotus – that’s the ‘Lotus’ F1 run by Tony Fernandes, not the Hethel mob run by Dany Bahar – has bought Caterham Cars from Corven Ventures for an undisclosed sum. Which is all very apposite, what with Caterham being the spiritual home of Colin Chapman’s Lotus Seven and keeper of the Chapman ethos of lighter is better. To tie Caterham back in to the Lotus name could work wonders for sales.
Saab says it will restart production after securing short-term loan
Mon, 02 May 2011Saab aims to restart production within a week after its owner, Spyker Cars, secured a 30 million euro ($44.7 million) short-term loan to help ease its cash crunch. Spyker said it will borrow the money from Gemini Investment Fund in a convertible loan agreement with a 6-month maturity. The interest rate of the loan is 7 percent a year and the conversion price is 4.88 euros per share.
A.B. Shuman: 1941-2013
Mon, 13 May 2013Arnold Baer Shuman, better known as “A.B.,” the former Naval Aviator and hot-rodder who was generally considered to be the auto industry's best product public-relations man, died suddenly Friday at his home in Hillsdale, N.J. He was 72. The cause of death was not announced.