The German rescue fund’s four-person steering committee is expected to meet on June 7th to discuss whether to approve General Motors’s request for 1.1 billion euros ($1.3 billion) in federal and regional assistance for its European unit, Opel. Instead of meeting last Friday, the meeting was postponed for tomorrow despite a long line of delays since GM initially asked for...
McLaren's F1 is approaching the venerable age (in the industry) of 20 this year or 18 if you consider its 1992 debut date, like most anoraks do and to celebrate, McLaren held a special celebratory dinner in Woking at its Technology Center. McLaren chairman, Ron Dennis reminded everybody there why the F1 was such an important technological tour-de-force and a...
Ford Motor Company’s executive chairman William Clay Ford Jr. announced this week to shareholders that dividend payments would not be made until the automaker pays down more of its debt. During the same statement he also mentioned that shareholders don't have any right to complain, considering the soar in stock value and the fact that this year ended a 15-year...
McLaren Automotive have organised a special "welcome" party for the new car we've been hearing so much of in the past few months. This would be another demonstration of McLaren soft power in the release of the MP4-12C after a massive stab at the Bugatti Veyron from Ron Dennis. The new Mclaren (sort of makes the hair on the back...
The UK Peugeot 406 Coupe Club see this year as a massive opportunity to set a record for the largest gathering of 406 Coupes ever since this year there is a triple celebration involved that all revolves around the same date. The triple anniversary in question includes 200 years since Peugeot was founded, 80 years of gorgeous Pininfarina designs and...
The title above is not a rip off or any sort of insult to Chicago, Hummer owners, fans and of course employees. What it actually is, is true, Chicago is going to host a “Save Hummer Motors in America” summit where everybody can show their support for the Hummer brand which, to be honest, needs it ever since it was...
