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General Motors to invest more than $850 million to build new V8s
Tue, 27 Apr 2010General Motors Co. said Tuesday it will invest more than $850 million to upgrade five North American factories to make its next-generation V8 engines more fuel efficient. The new V8s will differ from the current versions by using direct injection and a new combustion system, spokeswoman Sharon Basel said.
CPP announces new Jensen Interceptor
Wed, 21 Sep 2011Coventry Prototype Panels is on an impressive roll. Following heady investment from its Russian investor and a passionate drive from its founder and Managing Director, Brendan O'Toole, the coachbuilding specialist has expanded rapidly over the past two years, acquiring brands and forming partnerships. The latest chapter in the ongoing development of the company aims to resurrect not only the Jensen brand, but also its most famous creation: the Interceptor. The new car, set to publicly unveiled in late 2012, has been penned by Coventry-based design consultancies and echoes the original built between 1966 and 1976.
CPP comments as investor Vladimir Antonov loses his bank. Arrest warrant issued.
Thu, 24 Nov 2011Vladimir Antonov - Arrest warrant issued over Snoras Bank collapse Russian businessman Vladimir Antonov has been busy buying up a raft of car companies (and Portsmouth FC) in recent years. But there are now big questions about how he financed that. Vladimir Antonov is the main shareholder in Lithuanian Snoras bank (he owns 68 per cent) and in Latvijas Krajbanka via a 60 per cent stake owned by Snoras.