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Renault buys Caterham stake in Alpine as Anglo-French deal collapses
Tue, 10 Jun 2014By Michael Karkafiris Motor Industry 10 June 2014 10:36 The collaboration between Renault and Caterham officially ended today, with the French company acquiring Caterham’s remaining stake in Alpine. It marks the end of the road for the Anglo-French collaboration, leaving Renault the sole owner in Société des Automobiles Alpine. Today’s announcement terminates the 50-50 partnership signed in November 2012 between the two companies, a partnership that started with the promise of building two sister sports cars, one from Alpine and one from Caterham.
Fisker about to be bought by Volvo’s Chinese owner Geely?
Mon, 18 Feb 2013It’s reported that China’s Geely – which bought Volvo from Ford – is about to take a majority stake in Fisker Automotive. But Fisker has run in to big problems when its battery supplier - A123 Systems – went bust leading to Fisker production grinding to a halt. That has now been resolved with China’s Wanxiang Group buying up A123 Systems and it looks like Fisker is heading East too with Geely set to grab a majority shareholding.
New design boss for Alfa
Thu, 14 Jun 2007By Jack Rix Motor Industry 14 June 2007 11:42 Frank Stephenson, the man credited with designing the new Mini and Fiat's retro 500, has been appointed to head up Alfa Romeo's design centre. He replaces Wolfgang Egger, responsible for the swooping 8C Competizione, who left earlier this year to join Audi. Stephenson joins Alfa at a crucial time, prior to its re-entry into the US market.