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Fisker, Energy Department face tough Congressional hearing on federal loans
Thu, 25 Apr 2013Struggling Fisker Automotive took a bludgeoning Wednesday on Capitol Hill from top congressional Republicans who compared Fisker to failed automotive startups of the past and lambasted the Department of Energy for allowing the electric-car producer to draw down nearly $200 million in taxpayer-funded loans. House Oversight Chairman Darrell Issa, R-Calif., told Fisker founder Henrik Fisker that he will be remembered fondly for his design work for BMW and Aston Martin. But he compared Fisker to Malcolm Bricklin, John DeLorean and Preston Tucker -- three entrepreneurs known for their failed startup car companies.
BMW to develop small hybrid with Peugeot Citroen
Tue, 19 Oct 2010BMW are developing a small hybrid with Hybrids may be just a passing fad, but that’s not stopping car makers piling in to them in droves to battle CO2 and emissions targets. For BMW, their hybrid foray has so far been limited to the top end of their range, but that is set to change. We already know that BMW are developing a small, front wheel drive range which will sit underneath the current 1-Series, and it’s for these cars – and possibly for MINI too – that BMW has embarked on a partnership agreement with PSA (Peugeot Citroen) to jointly develop a small hybrid.
Aston Martin’s 2015 Lagonda saloon revealed on way to Oman
Fri, 29 Aug 2014By Tim Pollard First Official Pictures 29 August 2014 08:13 Aston Martin’s wedgy new Lagonda super-saloon was flown to Oman for testing this week, affording us this fresh look at the Middle East-only four-door. Oman Air publicised its role in transporting this prototype out to Muscat ‘as part of its early testing programme.’ We hope it travelled first class; the Lagonda will only be offered on sale to its wealthiest clients in the region. It’s only one month since Aston Martin confirmed the Lagonda project and issued a solitary teaser image of the saloon, side-on and shrouded in shadows.