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McLaren 12C production ends – killed off by the new 650S
Fri, 04 Apr 2014The McLaren 12C bites the dusts – killed off by the new 650S When the new McLaren 650S was revealed in February, we commented that we expected the McLaren 12C to quietly disappear. And it has. To start with McLaren simply halted production of the 12C to concentrate on building the new 650S, but now they say it won’t be restarted as the McLaren range ‘evolves’.
Ford cuts CEO's compensation 37%
Wed, 25 Mar 2009Ford Motor Co. CEO Alan Mulally earned $13.57 million in total compensation in 2008, a 37 percent decline, as the automaker avoided seeking a federal bailout while posting a record loss. Mulally will take an additional 30 percent cut in salary this year and next as he battles a global financial crisis and the worst U.S.
BMW to expand Mini lineup, looks at second assembly plant
Mon, 09 Jul 2012BMW said it will increase Mini's model lineup to up to 10 vehicles while boosting the brand's production capacity in the U.K. and at a new contract manufacturing site, likely to be in the Netherlands. BMW will invest $388 million in its U.K.