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IDEA Institute acquired by Quantum Kapital
Tue, 22 Jun 2010Turin-based automotive design, modeling and engineering firm IDEA (Institute of Development in Automotive Engineering) has been sold to Quantum Kapital AG, an investment company with an industrial emphasis based in St. Gall, Switzerland. The transaction is expected to be completed in the next few weeks.
BMW works hard to avoid gas-guzzler tax
Thu, 05 Aug 2010BMW AG hopes to get out from under the gas-guzzler taxes that are tacked on to the sticker prices of some of its high-performance models in the United States. Jim O'Donnell, president of BMW of North America, says the company is studying fuel-efficiency improvements that could eliminate the gas-guzzler taxes on its vehicles as early as the launch of their redesigns in the next few years. The 2010 550i GT incurs a $1,000 gas-guzzler fee, for example.
Audi A1, Damien Hirst & Elton’s White Tie & Tiara Ball
Tue, 22 Jun 2010Sir Elton John, David Furnish and the Damien Hirst decorated Audi A1 (click for bigger image) Elton John hosts a White Tie & Tiara Ball event at his home in Windsor every year, with an auction for charity as part of the event. This year it’s on the 24th June – this Thursday. And it has a very special Audi A1 being auctioned off, courtesy of Audi UK.