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Historic first Porsche P1 electric vehicle goes on display

In what at first glance appears to be a blatant attempt to upset McLaren’s SEO – that’s Search Engine Optimisation – a Porsche P1 model has been announced. But this is no fearsome new 1,000hp rival to McLaren’s P1 hypercar (after all, Porsche already has one of those). Rather, the Porsche P1 actually dates from 1898, and produces just 3hp.

Ferrari chief Montezemolo balances growth, exclusivity

On the morning of the day he celebrated 20 years as head of Ferrari, Luca Cordero di Montezemolo says his first thought was about the future, not the past. He pondered what the world's most famous sports-car maker would look like in 2020. "I have not come up with a comprehensive idea yet," said Montezemolo in an interview at his office in Maranello, 11 miles south of Modena in central Italy.

GM and Chrysler in merger talks

By Ben Oliver Motor Industry 13 October 2008 09:12 General Motors and Chrysler are in talks to merge and create the world’s biggest car company. Reports in the New York Times and Wall Street Journal say the talks have been underway since the start of October 2008, and sources close to the possible deal put its chances of success at ’50-50’. All three US car makers have seen their sales decimated in recent months and have been forced to deny that they might seek bankruptcy protection.