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1938 Bugatti 57C, 1962 Ferrari 330 LM win Amelia Island concours
Sun, 11 Mar 2012A 1938 Bugatti 57C of the Off Brothers Collection of Richland, Mich., and a 1962 Ferrari 330 LM owned by Jim Jaeger of Cincinnati, Ohio, were named Best in Show winners on Sunday at the 17th-annual Amelia Island Concours d'Elegance in Amelia Island, Fla. Amelia gives two Best in Show awards, one for elegance and one for sport.
Volkswagen hits back, weighs making a bid for Porsche
Thu, 23 Apr 2009Volkswagen is considering an audacious reverse-takeover bid for its majority shareholder, Porsche, in a twist in the drawn-out struggle for control between the two German carmakers. The Volkswagen Group's supervisory board is said to be weighing the possibility of purchasing Porsche AG, in a move that would relieve its holding company, Porsche SE, of massive debt that industry analysts suggest the company may not be able to fund should the world's financial crisis drag on well into 2010--a scenario put forward this week by the International Monetary Fund. The secret plan emerged as shareholders were set to convene at Volkswagen's annual meeting on Thursday, and it comes after Porsche revealed that it is carrying some 9 billion euros ($11.73 billion) in debt, most of it owing to interest on loans taken out to purchase its 50.8 percent stake in VW.
Infiniti to launch G37 roadster
Tue, 13 May 2008By Tim Pollard (artist's impression by Radovan Varicak) Motor Industry 13 May 2008 12:53 Nissan's upmarket brand Infiniti has announced it will build a roadster version of the G37 coupe – aimed squarely at the BMW 3-series Coupe Convertible. And the Ferrari California isn't the only folding tin-top being announced this week; the G37 will also be launched as a CC with a multi-piece metal roof that stows at the flick of a switch. Our artist's impression shows how the new open-top G will look with the roof stowed away. No official photos have been issued yet, but we do know that Infiniti's first roadster will be on sale in the US market in February 2009.