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Mitsubishi closes California design studio
Wed, 11 Mar 2009Mitsubishi Motors Corp. closed its design studio in Cypress, CA last Thursday – just one month shy of its 25th anniversary. A result of the recent downturn in the global economy, the closure of the facility will eliminate 33 design positions as part of a personnel cull that has seen 60 people within the automaker's US operations lose their jobs.
McLaren P1 will smash Nurburgring & Top Gear lap records
Thu, 07 Mar 2013Ron Dennis has said that the new McLaren P1 will smash lap records at the Nurburgring and at the Top Gear track at Dunsfold. But that’s as much about the run-up to Geneva as the Motor Show itself as Ferrari had managed to keep LaFerrari under warps until just a few hours before it debuted. So interest and excitement were high and LaFerrari did little to disappoint.
Jaguar/Land Rover sale 'deadline set for July 2007'
Mon, 09 Jul 2007By Jamie Butler Motor Industry 09 July 2007 11:28 Potential buyers circling Jaguar and Land Rover have until 19 July to table a bid, it was revealed at the weekend. Ford is preparing to sell both luxury car makers together, although it may consider bids to buy them separately. It is thought that the most likely buyers are private equity investors, as several car manufacturers have already publicly declined the offer to buy the historic brands.