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Local Motors Announces Texas Competition
Sat, 30 Jan 2010New American car company Local Motors has announced the Texas Motors competition, the 19th design contest initiated by the Boston based start-up company. The deadline for submissions is February 10, 2010. The brief, which asks entrants to design a dynamic and capable hunting vehicle for the gamers of the largest US state, stipulates that the vehicle should be a ready-made solution for hunters of every variety, whether hunting stags or fowl.
Jaguar XFR-S (2012) first official pictures
Wed, 28 Nov 2012Here's Jaguar's M5-killer: the new 2013 XFR-S. By taking an already potent XFR and plumbing in the 542bhp engine from the XKR-S coupe, Jag has created a saloon with XJ220 power. The Jag XFR-S was unveiled today at the 2012 Los Angeles auto show.
U.S. equity firm to invest $70 million in Saab
Thu, 20 Oct 2011Race-car fan and private-equity executive Alex Mascioli is pumping $70 million into Saab as the Swedish automaker works to stay afloat. Mascioli's firm, North Street Capitol, is buying $10 million in shares of Swedish Automobile, which owns Saab, and is also giving the company a $60 million loan to pay for the carmaker's reorganization. U.S.-based North Street Capital struck a deal in September to buy the Spyker sports-car business from Swedish Automobile for $44 million.