Industry

The Saab name continues to be dragged through the mud, with its current owner, National Electric Vehicle Sweden (NEVS), struggling to stave off bankruptcy and secure a new investor. NEVS purchased the assets of Saab in late 2012 after the Swedish automaker’s previous owner Spyker went...

Sadly, Toyota’s advanced Motomachi plant in Japan that was previously responsible for the Lexus LFA supercar won’t be tooled up to produce another carbon fiber-bodied performance vehicle. Instead, it will soon start churning out Toyota’s new hydrogen-powered Mirai fuel cell...

Vehicle tuner Saleen looks to be in some serious financial trouble, with a recent quarterly report filed by the company with the Securities and Exchange Commission revealing the dire situation. According to the report, Saleen had just $7,261 in cash as of September 30, 2014, and liabilities...

Recently, we told you about a supercar startup in Australia by the name of Joss, and how it had turned to crowdfunding to help finance the development of a new prototype. Well, the team at Joss, which includes a number of engineers with Formula One and Le Mans backgrounds, having been working on...

BMW is well-known for its performance cars but the automaker hasn’t offered a pure sports model for years. There’s a good reason for this, according to its sales chief Ian Robertson, and that’s because the sports car market is waning. “The sports car market is roughly half...

BMW is testing two Light and Charge stations in its headquarters city of Munich.

The National Highway Traffic Safety Administration (NHTSA) is fining Ferrari $3.5 million for failing to submit proper safety documentation over the past three years, including reports on three fatal accidents. The agency said Ferrari hadn't submitted any of its required safety reports for three...

In August it was revealed that Aston Martin’s DB9 and Vantage models would be on the wrong side of regulations when new side-impact federal safety standards take effect later this year, potentially leading to a sales ban. We can now confirm that no sales ban will take place as Aston Martin...

It’s being reported that German engineering group Capricorn, which bought the operator rights to the Nürburgring earlier this year after the previous owner become insolvent, is facing financial troubles of its own and may have already sold the rights to the legendary race track to...

A couple of weeks ago we brought you news that Daimler, through its Mercedes-AMG performance brand, was looking to acquire a stake in Italian motorcycle manufacturer MV Agusta. Well, it’s been confirmed today that Mercedes-AMG will in fact buy 25 percent of MV Agusta. The two have also signed...

Yesterday’s announcement that Ferrari would be split off from Fiat Chrysler Automobiles [NYSE:FCAU] and have 10 percent of its shares sold to the public is sure to have come as a shock to many, but here’s a bit of insight into why the move makes so much sense for FCA. Maserati, which is...

Fiat Chrysler Automobiles [NYSE: FCAU] finally ended speculation that it plans to spin off Ferrari by announcing today that it will in fact make the famous sports car brand and racing team a separate unit. The automaker will also via Ferrari issue $2.5 billion in convertible bonds to help fund its...

Ford Motor Company [NYSE:F] CEO Mark Fields has some pretty big shoes to fill. He replaces Alan Mulally, who helped Ford successfully navigate 2008’s financial crisis as well as implement the One Ford strategy calling for fewer models and factories around the globe. To make his mark (no pun...

The boss of Holden, Gerry Dorizas, has called it quits just eight months after taking up the reins, hinting at further signs of trouble for the Australian automaker. Dorizas joined Holden on March 1 and was its fifth boss in just six years. In a statement, Holden said Dorizas has left the company...

It was two years ago that Jaguar Land Rover announced a partnership with Chery to establish a new production facility in China. Production at the new facility finally commenced this week, with the first model produced there being the Land Rover Range Rover Evoque. This is the first time that one of...

Lotus has appointed Russell Carr its new head of design, a man who has been with the firm since 1990 and whose most notable design is probably that of the Evora sports car. Carr replaces Donato Coco, a former Ferrari designer that has been running the studio in Hethel since 2009. It’s not...

Daimler has sold its remaining 4 percent stake in Tesla Motors [NSDQ:TSLA], bringing an end to an investment that dates back to 2009 when Daimler first acquired 10 percent of the Californian startup. The sale will result in a cash inflow of approximately $780 million for Daimler’s coffers...

Daimler may end up buying a stake in Italian motorcycle manufacturer MV Agusta in an attempt to rival BMW and Audi with their respective Motorrad and Ducati bike divisions. At the same time, MV Agusta is said to be looking for a partner to help grow its sales in new markets. Some readers may recall...

A father and son are suing Ferrari and Facebook after losing control of their fan pages.

Since launch, Audi’s R8 supercar has been built at a special facility located at the automaker’s main plant in Neckarsulm, Germany. However, production of the car has now been moved to a new facility, located in the city of Heilbronn about four miles south from the main plant. ALSO SEE...