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Volkswagen joins Global Rallycross with Foust and Speed
Thu, 06 Feb 2014The biggest splash at the 2014 Chicago Auto Show might have been made by Volkswagen on Thursday. The giant German automaker, along with Andretti Autosport, unveiled its 560-hp, all-wheel-drive Global Rallycross Beetle. GRC champion Tanner Foust will pilot the first car while ex-Formula One driver Scott Speed will helm the second.
Chrysler to axe a quarter of its staff
Fri, 24 Oct 2008Chrysler is to cut a quarter of its staff - up to 5000 jobs By Tim Pollard Motor Industry 24 October 2008 17:05 The credit crisis gripping the world's economy struck Chrysler again today – the car maker announced it would cut a quarter of its staff by the end of the year. Although exact figures haven't been issued yet, it looks like as many as 5000 jobs could be axed. Analysts in Detroit are seeing today's announcement as a sign that the possible GM-Chrysler merger being discussed could come to fruition.
Dany Bahar wants £6.7 million compensation from Lotus
Tue, 28 Aug 2012The Dany Bahar saga at Lotus continues with Bahar claiming £6.7 million compensation for his firing as Lotus CEO. Back in May, ex-Ferrari man Dany Bahar was ousted as CEO of Lotus, confirmed a month later by Lotus parent DBR-Hicom who appointed Aslam Farikullah – an engineer, not a marketing man – to oversee a way forward for Lotus, and just last week Lotus put Bahar’s custom Esprit up for sale. But that appears not to be the end of dealings between DBR-Hicom and Bahar as Bahar has issued proceedings against his former employers seeking compensation of £6.7 million for wrongful dismissal.