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GM's Lutz to retire May 1
Wed, 03 Mar 2010General Motors Vice Chairman Bob Lutz plans to retire from the automaker effective May 1, according to a statement released by GM on Wednesday. Lutz, 78, had been serving as a senior adviser to GM Chairman and CEO Ed Whitacre after shelving retirement plans to take charge of the automaker's marketing after it emerged from bankruptcy in July 2009. An outspoken executive who both challenged global warming and championed GM's all-electric Volt, Lutz is credited with revitalizing GM's product development efforts after being hired by former GM CEO Rick Wagoner in 2001.
Volkswagen to enter F1?
Sun, 11 Oct 2009VW already competes in Formula Three But we’re hearing reports that VW is considering going in to Formula 1 which – with manufacturer teams leaving willy-nilly – does perhaps seem a bit odd. And VW has no F1 history to speak of. Yes, Auto Union did participate in Grands Prix pre-war, Porsche had a very minor bash decades ago and Lamborghini has offered up a few engines for other teams.
918 a match for Ferrari and McLaren in corners, says Porsche
Tue, 14 May 2013Had you forgotten about the third contender in the hybrid supercar wars, given the furious competition betwen Ferrari and McLaren? Porsche’s hybrid 918 Spyder is that third competitor, which mates a 4.6-litre normally aspirated V8 to an 84bhp front-drive electric motor and a 127bhp EV motor helping drive the rear tyres. It costs £768,026, and though Porsche won’t quite admit as much, you can still buy one of the 918 being produced - unlike the sold-out LaFerrari.