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TVR sale latest

By Tim Pollard Motor Industry 08 February 2007 04:17 More than 30 parties have expressed an interest in buying the remnants of TVR, the sports car maker which crashed into administration over Christmas - and the factory could move to Asia. Administrator PKF (UK) LLP has spent the past month clarifying the assets of Blackpool Automotive Ltd, the company that ran the Blackpool factory, and it in fact holds several trump cards that could prevent the Russian owner switching production overseas. The sale advert in the Financial Times reveals that Blackpool Automotive controls the TVR trademark in Europe and the US, as well as all the intellectual property rights and tooling for the sports cars.

Formula One: Whitmarsh says McLaren won't give up on 2011

McLaren-Mercedes team boss Martin Whitmarsh says his team wants to win the remaining races of this season while also taking the opportunity to test development parts for its 2012 car. Whitmarsh says that the conclusion of both the drivers' and constructors' title battles--with Red Bull Racing claiming both crowns--has made no difference to McLaren's approach. “There's not been a great distinction,” Whitmarsh said on Friday ahead of next weekend's inaugural Indian Grand Prix.

Mitsubishi weighs a 'different direction' for the Lancer Evolution

The current generation of Mitsubishi Motors Corp.'s Lancer Evolution high-performance sedan appears be its last as the automaker works to refashion itself as a leader in electrified vehicles. Mitsubishi is considering a "different direction" for its rally-inspired, all-wheel-drive sport sedan as it prepares to launch eight electric or plug-in hybrid vehicles globally by 2015. The plan is fueled in part by a need to meet tougher global fuel economy and emissions regulations.