Arab investment fund acquires 9.1% stake in Daimler

American carmakers aren’t the only ones in need of serious cash. Daimler AG was also in need of a quick injection of funds, but unlike its American counterparts the German auto giant has a number of investment groups lining up to acquire its shares. Top of the list is UAE’s Aabar Investments PJSC, which has [...]

New video provides inside look at Aston Martin One-77 supercar

The era of epic supercars is certainly not over at Aston Martin, with the carmaker confirming the development of a brand new flagship model late last year. A life-size mock up was then put on display at the 2008 Paris Motor Show to tease the public and start building interest for the car, which is [...]

Spy shots: 2010 Mercedes Benz E63 AMG spied again

The new 2010 Mercedes Benz E-Class has again been spotted in testing but this time the prototype is for the high-performance AMG version. The images were taken near the carmaker’s headquarters in Germany and reveal the final details of the car, with only the front-end being masked by black camouflage material.
A giveaway that this [...]

Spy shots: 2010 Mercedes Benz E63 AMG spied again

The new 2010 Mercedes Benz E-Class has again been spotted in testing but this time the prototype is for the high-performance AMG version. The images were taken near the carmaker’s headquarters in Germany and reveal the final details of the car, with only the front-end being masked by black camouflage material.
A giveaway that this [...]

Toyota F1 boss talks about the team’s close call with cancellation

Executives of the Toyota Motor Corporation considered following fellow struggling Japanese carmaker out of Formula 1, a top chief of the Cologne based team has admitted. Tadashi Yamashina, team principal and chairman of the marque’s motor racing arm Toyota Motorsport GmbH, told a news conference that the global financial crisis led Tokyo based officials to [...]

First Volvo S80L long-wheelbase sedans roll off the line in China

Last November Volvo announced it would release a long-wheelbase version of the S80 sedan for the Chinese market, and today that car has begun sales. There are no expectations the car will be available outside of China, following a trend of other carmakers in building unique limos for the country.
The S80L is based on the [...]

Spy shots: Cruze-based Buick compact sedan

General Motors is still more than a year away from launching the Chevrolet Cruze sedan in North America but instead of speeding up its arrival the carmaker is working on a new Buick sedan based on the Cruze platform. Fears of GM’s cash problems haven’t managed to deter work on the new Buick compact sedan, [...]

Official Aston Martin One-77 document reveals design process, more details

The era of epic supercars is certainly not over at Aston Martin, with the carmaker confirming the development of a brand new flagship model late last year. A life-size mock up was then put on display at the 2008 Paris Motor Show to tease the public and start building interest for the car, which is [...]

BMW profit drops 89%

While German luxury rival Audi is posting record profits and sales, BMW’s performance is looking much more sour with the company announcing today that its profits have dropped 89% over the past 12 months. BMW still managed to earn a net annual profit of €330 million but analysts were expecting a figure around the €1.02 [...]

Full details for Aston Martin One-77 revealed in ‘technical showcase’

The era of epic supercars is certainly not over at Aston Martin, with the carmaker confirming the development of a brand new flagship model late last year. A life-size mock up was then put on display at the 2008 Paris Motor Show to tease the public and start building interest for the car, which is [...]

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