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Ford's Mulally gets warm reception at CES
Fri, 07 Jan 2011Ford CEO Alan Mulally introduced the Focus electric at the 2011 Consumer Electronics Show on Friday in a presentation that was short on details about the car and long on cures for range anxiety. That's partly because Ford is saving details about the car for next week' Detroit auto show, and partly because range anxiety figures to be a major reason for all but the most committed customers to avoid electric vehicles like the Ford Focus electric. Mulally managed to avoid using the term, but said Ford is confronting range anxiety head-on.
Aston Martin sells 38% stake to Italians to raise cash
Fri, 07 Dec 2012Aston Martin today announced a deal with Italian private equity fund Investindustrial, securing a £150m investment to own a 37.5% stake in the business. Aston Martin hopes this should secure the long-term future of the beloved but hitherto financially wobbly sports car maker. Together with the new owners, it announced a £500m investment in future product.
Jaguar C-X75 Hybrid Supercar ready for testing
Mon, 10 Sep 2012Jaguar are ready to start road testing the C-X75 hybrid supercar next month with a 2014 launch target. Jaguar Land Rover are continuing to move strongly forward with new cars like the 2013 Range Rover, Range Rover Evoque and XF Sportbrake. But for a car maker with aspirations of being one of the leading luxury and performance marques in the world, a halo supercar is a must and Jaguar are looking to the C-X75 hybrid supercar to be their Ferrari F70 or Porsche 918 Spyder.