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2013 Shelby GT350 tops out at 624 hp
Thu, 28 Jun 2012Shelby American released the details of its 2013 Shelby GT350 on Thursday. The limited-edition upgrades for the new model year include a load of new color combinations, a glass-roof option, Recaro seats and a modified custom rear valance. The company is taking orders now.
Wiedeking to be offered $140 million to quit Porsche, report says
Fri, 17 Jul 2009Porsche CEO Wendelin Wiedeking could be offered a $141 million (100 million euros) payoff to quit the sports car maker to make way for a merger with Volkswagen, Germany's Sueddeutsche Zeitung newspaper reported Friday. The newspaper said Wiedeking has been visited by Porsche Chairman Wolfgang Porsche in the past few days, who “made it clear” that the embattled CEO should step down. Wiedeking has come under fire for allowing Porsche's holding company to amass debts of more than $12.7 billion (9 billion euros) during a failed attempt to take over VW.
IED reveals updated Cisitalia 202 E concept
Mon, 20 Feb 2012IED will reveal the Cisitalia 202 E Concept – a modern version of the Pininfarina-designed 1947 Cisitalia 202 – at next month's Geneva motor show. Design students of the Master of Arts in Transportation Design developed the Cisitalia 202 E (Evolution) Concept at the IED in Turin as part of their work experience program during the 2010-2011 academic year. IED has announced that, "the concept faithfully reflects the design of the historic vehicle, with dimensions and power aligned with modern times." Technical partners of the project include CECOMP (prototype construction), Pirelli, OZ Racing and ABET Laminati.