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Fisker Automotive lays off some workers as government reworks loan
Mon, 06 Feb 2012Work on the Fisker Nina family sedan has temporarily halted at the Fisker Automotive plant in Wilmington, Del., while the carmaker and the federal government hash out details of the company's $529 million Department of Energy loan. The interruption has resulted in the layoff of 26 people at its Delaware plant and a number of contract engineers at Fisker's Anaheim, Calif., headquarters. Fisker Automotive said some of the engineering-staff reductions in Anaheim were already planned to occur in between development of the Karma and the Nina.
The next presidential limousine might look like this
Tue, 18 Mar 2014A few days ago, the United States Secret Service posted the bid requirements for a new presidential limousine, which is set to debut during the 2017 inauguration of our nation's 45th chief executive. It's hard to believe that the General Motors-built Cadillac dubbed "The Beast" is already due for replacement, but the fleet of presidential limousines is cycled every four or eight years, with bids accepted from any American automaker. We'll spoil the show for you: the odds of a company other than General Motors winning the bid is pretty slim.
New BMW M1 isn’t happening
Fri, 16 Dec 2011BMW won’t be building a new M1 A new BMW M1 Supercar has been mooted for some time – BMW even produced the M1 Homage in 2008 – but it’s not going to happen. We’ve expected BMW to bite the bullet at some point and recreate its mid-engined M1 Supercar. After all, car makers like a halo and, although BMW has some very impressive cars, they don’t really have anything like the Mercedes SLS.