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Jaguar/Land Rover sell-off latest (2007)
Tue, 12 Jun 2007By Tim Pollard Motor Industry 12 June 2007 07:36 Ford has appointed Goldman Sachs, Morgan Stanley and HSBC to investigate selling its British premium brands Jaguar and Land Rover. The move effectively signals the end of the Blue Oval's PAG division. Officials have refused to confirm or deny the sale, but have outlined to MPs the deal which will spin off Jaguar and Land Rover, but retain Volvo in the Ford family.
Self-driving Tesla could hit roads within three years
Tue, 01 Apr 2014Electric car manufacturer Tesla has said that self-driving cars could be a reality within the next three years, with the firm targeting a computer-guided version of its Model S saloon. Tesla chief executive officer Elon Musk said in an interview with the Financial Times that the autonomous driving technology would act like “an autopilot” that could be switched on and off like an aeroplane’s guidance system. On Bing: see pictures of autonomous cars Find out how much a used Tesla costs on Auto Trader However, while Musk claimed that 90% of distances driven today would be able to be completed autonomously in three years’ time, he also admitted that fully self-driving vehicles may be a “bridge too far” in the near future.
One Lap of the Web: Rags to riches, Beetles to Porsches
Thu, 27 Feb 2014-- Joseph MacDonald parked his 1965 Beetle in front of a restaurant 41 years ago, and that was the last time he saw it. He might yet see it again today, as his stolen car -- now painted white, and with even more rust -- will reunite with him, through the providence of border patrol officers actually performing some due diligence. Jason Torchinsky -- who knows a thing or two about stolen Beetles -- notes that he was lucky enough not to have waited 40 years for his car to come back.