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Jaguar Land Rover & Chery in business

The joint venture between Jaguar Land Rover and Chery Automobile in China is now official and will see new production and R&D facilities in China. Jaguar Land Rover has now received official approval for its joint venture in China with Chery Automobile from China’s authorities – something we predicted as long ago as February 2011 - which will see both JLR and joint branded cars rolling off production lines in China. The JV will be known as Chery Jaguar Land Rover Automotive Company Ltd.

Caterham Superlight R600 debuts for 2013 race series

Filed under: “Too cool for the United States.” Caterham launched the fastest Seven in company history for its exclusive race series, the Superlight R600 Championship. The latest Seven is powered by a supercharged 2-liter Ford Duratec engine that churns out 275 hp and 200 lb-ft of torque. That power is sent to the rear wheels via a six-speed sequential gearbox and a Titan limited-slip differential.

Karmann files for insolvency

Karmann, the century-old German coachbuilder synonymous with cabrios and the famous 1950s Karmann Ghia, has filed for insolvency. The company made the move Wednesday in Germany in response to a dramatic decline in revenue, an inability to pay for its massive layoff plan and the worldwide economic crisis. The North American operations, which make convertible tops for Detroit car companies and Volkswagen, are not affected, a spokesman said.