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Fangio’s 1954 Mercedes W196R F1 car sells for £19.6 million (video)
Sun, 14 Jul 2013Fangio’s 1954 Mercedes W196R F1 (pictured) sells for £19 million The Goodwood Festival of Speed is all about cars and performance, but it’s not just cars on the ground and on the hillclimb. Goodwood is a Mecca for wealthy petrolheads as well as those who can only lust after the finest motoring metal – classic and current – so it’s a sensible place to run an auction for high-end cars. And you can’t get much more ‘high-emd- – at least in terms of value – than Juan Manuel Fangio’s 1954 Mercedes W196R Formula One car which went under the hammer yesterday at Bonham’s Goodwood auction, and reached a world record auction price of £19,601,500 (including premium – £17.5m before).
Fiat Abarth 695 Tributo Ferrari at Frankfurt
Mon, 07 Sep 2009Fiat are said to be bringing the 500 Abarth 695 Tributo Ferrari to Frankfurt Update 12/9/09: Fiat has now confirmed that the Abarth 695 Tributo Ferrari is real and will be at the Frankfurt Motor Show. We’ve updated with details and a full gallery of pictures of the Tributo Ferrari, and the Abarth 695 Tributo Ferrari Press Release. And earlier this year we speculated – whilst looking at the Abarth 500 – that it would make a great courtesy car for Ferrari and other Supercar makers.
Chrysler posts $370 million net loss on costs tied to repaid loans
Tue, 26 Jul 2011Chrysler Group LLC, after recording its first post-bankruptcy profit three months ago, posted a net loss of $370 million in the second quarter due to costs tied to the repayment of government bailout loans. Chrysler incurred a charge of $551 million in paying back the U.S. Department of Treasury and the Canadian loans that kept the automaker afloat in 2009.