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Is Ferrari for sale?
Tue, 28 Sep 2010Reports out of Europe have Fiat considering selling a big chunk of Ferrari S.p.A. to raise cash so it can increase its stake in Chrysler Group to 51 percent. The Italian newspaper Il Corriere della Sera said it has gathered information at Fiat’s Turin headquarters and reported Fiat wants to raise cash to fund buying 51 percent of Chrysler, up from the 20 percent it owns now.
40 Years of Mmmm
Mon, 21 May 2012In 1972, the Dow Jones closed above 1,000 for the first time, the Olympic Games in Munich were marred by the killings of 11 Israeli athletes, gasoline averaged 55 cents a gallon, Bobby Fischer became the world chess champion and the last U.S. troops withdrew from Vietnam. It was also a notable year for German automaker BMW, as that year saw the birth of its famed M division.
Ford Fiesta sedan for U.S. market gets minor changes
Fri, 10 Apr 2009Ford is busy courting the youth population as potential buyers for the new Fiesta--it has brought 100 Fiesta five-doors over from Europe and loaned them to people for extended test drives. Meanwhile, engineers are putting the final touches on the Fiesta for the United States. Some of those changes are happening in the front and back, as seen on this prototype of the 2011 Fiesta sedan.