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Volkswagen buys stake in Suzuki
Wed, 09 Dec 2009Volkswagen will buy nearly 20 percent of Suzuki for $2.5 billion in a deal poised to continue VW's ambitious growth plans and bolster its global product offerings. The companies announced the agreement on Wednesday, and it could close in January. The deal allows VW to draw on Suzuki's small-car capabilities and strong position in India.
Guggenheim to auction BMW M1 art car
Fri, 13 May 2011The Guggenheim Museum in New York is selling an original BMW M1 art car to raise funds and to make way for other exhibits. Frank Stella painted the Bavarian supercar in 1979, and it has been part of the Guggenheim collection since 1999. BMW has commissioned many art cars since the program launched in 1975, including another M1 by Andy Warhol and a 3.0 CSL also by Stella.
Mitsubishi Outlander Plug-in Hybrid EV (PHEV): Details ahead of Paris debut
Fri, 07 Sep 2012Mitsubishi has revealed more details on the plug-in hybrid electric Outlander ahead of a debut at the Paris Motor Show. Mitsubishi has been threatening a hybrid version of the Outlander for a few years (we had the PX-MiEV at the Tokyo Motor Show in 2009 and the PX-MiEV II at last year’s Tokyo Show), but the real production deal – the Mitsubishi Outlander PHEV – arrives at Paris. Now, with a public debut imminent, and full production and deliveries planned for 2013, Mitsubishi has revealed more details of their plug-in hybrid as they try to make their reputation for tough off-roaders and bonkers performance cars a bit more fluffy-bunny.