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Taylorsville, Georgia, United States
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Kia Ray concept car (2010) first news and photos
Thu, 11 Feb 2010By Tim Pollard First Official Pictures 11 February 2010 09:00 Kia Motors has picked the 2010 Chicago motor show to unveil its new Ray plug-in hybrid concept car. It's a futuristic look at what a 4.4m-long Kia family car of tomorrow could look like. It's based on the Kia Forte platform, but boosted by a plug-in hybrid system mixing a 151bhp direct-injection 1.4-litre petrol with the latest lithium-polymer batteries.
TVR sold
Thu, 22 Feb 2007By Tim Pollard Motor Industry 22 February 2007 10:30 Russian businessman Nikolai Smolenski is back in charge of the failed TVR business - and looks set to move production abroad. The deal was announced on Thursday evening, after the administrators PKF Partners struck a deal with Smolenski to buy TVR's assets for an undisclosed sum, thought to be in excess of £2m. The Russian businessman bought TVR in 2004 for around £15m, but sales stalled and the Blackpool factory crashed into administration at Christmas time.
Chrysler Financial gets $1.5 billion federal loan
Fri, 16 Jan 2009The U.S. Treasury Department said today it will lend $1.5 billion to a new arm of Chrysler Financial Services LLC so that it can increase lending to vehicle buyers. The five-year loan carries a flexible interest rate.