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2013 Bentley Continental GT Speed set for Goodwood debut
Tue, 19 Jun 2012Bentley is unleashing its fastest production model, the Continental GT Speed, on June 29 at the Goodwood Festival of Speed. The car can be ordered now and is expected to begin arriving in October as a 2013 model. The flagship model will pump out a whopping 616 hp and 590 lb-ft of torque from a twin-turbo 6.0-liter W12 powerplant, allowing for a top speed of 205 mph.
Crunch watch Dec 08: the auto industry in crisis
Wed, 31 Dec 2008By Tim Pollard and Simon Stiel Motor Industry 31 December 2008 14:05 Wednesday 31 December 2008• GMAC, GM's finance arm, said it would immediately revise its criteria for providing loans, after the US government bail-out of the General's credit arm. It will now supply credit for anyone with a score of 621 or more on the Fico scale, the scale used to assess Amercian customers' creditworthiness (Financial Times)• The news means that 80% of US consumers would now qualify for a loan from GMAC – which should improve sales in the depressed US market (Detroit News)• Chrysler is being lambasted for taking out full-page adverts in the American national press thanking the nation for supporting its auto industry. But critics point out this is a fresh waste of bail-out resources, as pages in the Wall Street Journal – one of the titles in which the ad ran – reportedly cost up to $264,000.
BMW will build electric cars in Leipzig
Mon, 22 Feb 2010BMW AG will produce its electric-car range at its plant in Leipzig, Germany, the automaker said on Monday. In addition, BMW factories in Wackersdorf and Landshut, Germany, will produce parts for the so-called Megacity Vehicle. “The BMW Group will build the car of the future in Leipzig with high-tech innovations from Bavaria,” BMW CEO Norbert Reithofer said in a statement.