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Tata Nano (2008): first official pictures
Thu, 10 Jan 2008By John Sootheran First Official Pictures 10 January 2008 09:33 Shove over a bit Henry Ford, Ferry Porsche and Alec Issigonis, because as of this morning there's a new entrant for the People's Car Hall of Fame. The first day of the Indian Auto Expo 2008 in Delhi, saw Ratan N Tata (yes, the fella who's leading the bid for Jaguar and Land Rover) reveal his much vaunted 'one lakh' car (that's 100,000 rupees or a measly £1300). Despite being the Chairman and CEO of one of the world's biggest corporations, Ratan Tata admits to being a nervous presenter, so much so, that the initial information was presented by his hologram! When he did appear, it was behind the wheel of one of three 'one lakh' cars being driven onto the stage. The 3000-strong audience of press and VIPs went beserk amid scenes of euphoria last witnessed at the Clinton comeback in New Hampshire.
Ferrari F450 – due at Frankfurt in September ’09
Mon, 30 Mar 2009Rendering of the Ferrari F450 - due to show at Frankfurt in September and go on sale in 2010 But the new Ferrari F450 is getting closer, and spy shots of the F450 have enabled Auto Express to come up with a rendering that is, we reckon, near as dammit to the finished article due to be shown at Frankfurt in September. Sporting a pair of big side vents that have been enlarged to help the engine breathe and the brakes cool, the F450 is different enough to the F430 to set it apart as a new car – not just an evolution. The F450 is going to have to go upmarket to compete with the likes of the Lamborghini Gallardo LP560-4, and in an effort to compete Ferrari has upped the capacity of the F430, increased the rev limit and produced an engine that, in the F450, should deliver something around 500bhp.
Jaguar Land Rover – Clever Finance Deal
Mon, 16 Nov 2009JLR releases £170 million by financing cars in transit Car makers have been begging lines of credit from wherever they can in the last year as the recession has bitten hard in to their finances. Jaguar Land Rover started off down the Government Loan route, but it soon became clear that the strings attached to any Government sourced finance where unacceptable. But in a sign that the future of JLR looks pretty rosy JLR managed to secure £175 million in private financing back in August as part of a bid to raise £500 million, and Tata have refinanced the loans used to acquire JLR.