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Long Beach, California, US
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Rumour: Aston Martin One-77 gets canned – or does it?
Tue, 17 Feb 2009Aston Martin is really struggling at the moment. Discounts abound (particularly on ’08 model year cars – you can have a V8 Vantage Roadster for not much over £60k, and a DB9 for £75k), and new car sales are as rare as hens teeth. Not surprisingly, there have been deep job cuts, and the dealer network is really struggling to survive.
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.
BMW ActiveHybrid X6 introduced
Thu, 13 Aug 2009BMW has released details and images of the BMW ActiveHybrid X6 BMW claim the X6 ActiveHybrid as the most powerful Hybrid car in production, with its total power output of 480 horses and 575lb/ft of torque. That’s a bit better than a Prius! All this power comes from the BMW 4.4 litre twin-turbo lump, coupled to a pair of electric motors that deliver 91bhp and 86bhp respectively.