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Jaguar Land Rover in talks to buy Aston Martin
Fri, 16 Nov 2012Talks have taken place between Tata – owners of Jaguar Land Rover – and the Kuwait Investment Dar – owners of Aston Martin. We reported a year ago that Aston Martin needed a big car maker behind it to have any chance of survival, and just last week the world caught up with that story as it was revealed the Kuwait Investment Dar – majority shareholder in Aston Martin – was seeking a buyer for Aston Martin. We said a year ago that Jaguar Land Rover was the best fit as a buyer for Aston Martin, but we doubted JLR would want to go back to being the poor relation to AML – as it was in the days of Ford’ ownership of the brands – where a Jag was a poor man’s Aston.
Porsche Museum hosts Colección Goméz
Tue, 20 Sep 2011The Porsche Design Museum is opening a new special exhibition today, September 20th. Called the ‘Colección Goméz' the museum will display 24 works of art created by 19 South American artists who have used Porsche 911 GT2 hoods pressed into service as a ‘canvass'. The new exhibition is the brainchild of Jorge Gómez, both an art lover and big fan of the Porsche brand.
BMW set to go front-wheel drive
Wed, 17 Mar 2010BMW chairman Norbert Reithofer has confirmed that the German carmaker will introduce a new front-wheel-drive entry-level model positioned and priced below the existing 1-series as part of plans to help increase part sharing and to bolster the potential for production savings between the BMW and Mini brands, thus bringing an end to the era of rear- and four-wheel-drive-only BMW models. Speaking to AutoWeek at the Geneva motor show, Reithofer said internal BMW studies revealed that despite the downturn in the world's economy, there was continued demand for what he described as "premium vehicles" in the small-car class, before officially acknowledging plans that will see BMW produce a rival to the recently unveiled Audi A1 and a new Smart Forfour presently under development at Mercedes-Benz. "We will be extending the BMW and Mini brands into the small-car segment with new models and variants," he said.