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New car looms from McLaren F1-creator
Wed, 13 Jun 2007By Phil McNamara Motor Industry 13 June 2007 10:18 Gordon Murray is set to finally realise his dream of creating a highly efficient, radical car for mass production. The mastermind behind the F1 supercar left McLaren Cars a couple of years ago, and has now secured the funding to set up on his own. Gordon Murray Design Limited – a design, prototyping and development company – will be launched on 4 July.
Rare Ferraris head to Pebble Beach Show
Tue, 07 Jul 2009Two collections of eye-catching and rare Ferraris will be reunited in August at the Pebble Beach Concours d'Elegance. The Monterey event will play host to 10 1949 166 MM Touring Barchettas and the only four TR 59 race cars believed to be in existence. The significance of the 166 MM Touring Barchetta--like that of many Ferraris--is twofold.
Porsche finally becomes a VW company
Thu, 05 Jul 2012Volkswagen has announced it is to finalise its takeover of Porsche by buying the remaining 50.1 per cent of Porsche stock for €4.46 billion. The takeover of Porsche by VW has been a long and rocky road, but then family fallouts are always messy. It all started with Porsche attempting to consume VW, but some clever manoeuvring by Ferdinand Piech thwarted the efforts of his cousin, Wolfgang Porsche, to swallow up his business and the financial crisis saw Porsche rack up €10 billion in debt in the process.