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News watch October 2011: today's auto industry news
Mon, 31 Oct 2011Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourMonday 31 October 2011• The two companies planning to buy Saab - China's Youngman and Pang Da - have agreed to pay a €50 million bridging loan, court documents show. And they are pledging €610m in long-term funding from 2012, according to ANE (Automotive News Europe) • Martin Winterkorn, the CEO of the Volkswagen group, says he is pleased with the performance of Seat and Skoda.
Koenigsegg One:1 preparing for Geneva & hosted by Christian von Koenigsegg (video)
Wed, 26 Mar 2014Christian von Koenigsegg walks us round the new Koenigsegg One:1 The first sniff of the Koenigsegg One:1 came at the end of 2012 when Cars UK exclusively revealed the first details of Koenigsegg’s Megacar. It took more than a year for Christian von Koenigsegg and his intrepid team to complete the first car, but it was worth the wait. Probably the supercar star of the Geneva Motor Show earlier this month, the One:1 gets 1360 HP and weighs just 1360KG – the the world’s first 1:1 power to curb weight ratio supercar – and has 2G cornering ability and 610kg of downforce at 160mph thanks to active aerodynamics.
Legendary GM design chief Chuck Jordan dies at 83
Fri, 10 Dec 2010UPDATED -- Chuck Jordan, the legendary designer who helped usher in the modern era of car styling at General Motors, died on Thursday evening, Dec. 9. He was 83.