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News watch June 2010: today's auto industry news
Wed, 30 Jun 2010Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Wednesday 30 June 2010• Tesla shares have rocketed 40% on their first day of trading; the company went public this week with the first IPO of an American car company since Ford in the 1950s (BBC News)• GM may sell off its interests in finance arm GMAC and parts supplier Delphi as it seeks to write down its debts (Financial Times)• A Federal judge has approved the $20m sale of a former GM plant in Wilmington to Fisker Automotive; Fisker hopes to build 100,000 cars a year once production hits a peak after launch in 2012. It is using a $529m government loan to fund its launch (Detroit News)Tuesday 29 June 2010• UK business secretary Vince Cable has warned that the car industry is no longer in an emergency – and cannot expect direct government support.
Subaru BRZ Turbo confirmed
Tue, 06 Dec 2011Subaru BRZ Turbo - which should be good for 300bhp Subaru in the US has confirmed that they are planning to build a turbo version of the new Boxer engine in the BRZ to create the Subaru BRZ Turbo. Finally, after promises that it was on its way for what seems like ever, we saw the arrival of the production versions of the Subaru BRZ and Toyota FT-86 at Tokyo (which had a small name change and arrive as the GT86). But what was a disappointment was that despite Subaru saying the BRZ would come with ‘less than 300bhp’, it actually came with almost exactly the same power as the GT 86 – a much less enticing 200bhp.
Big Spenders Flock To Bohnams Festival Of Speed Auction
Mon, 30 Jun 2014GOODWOOD’S Festival of Speed might be famous for the action on its famous hill, but there’s more to the self proclaimed ‘world's largest motoring garden’ than just the racing. And just to prove the point, this year the annual Bonhams sale earned a staggering £22.6 million on the Friday of the event. The star attraction was a 1954 Ferrari 375-Plus, as used in iconic road races such as the Mille Miglia, Targa Florio and Carrera Panamericana, which sold for £10.7 million following a fierce battle between bidders.