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CPP comments as investor Vladimir Antonov loses his bank. Arrest warrant issued.
Thu, 24 Nov 2011Vladimir Antonov - Arrest warrant issued over Snoras Bank collapse Russian businessman Vladimir Antonov has been busy buying up a raft of car companies (and Portsmouth FC) in recent years. But there are now big questions about how he financed that. Vladimir Antonov is the main shareholder in Lithuanian Snoras bank (he owns 68 per cent) and in Latvijas Krajbanka via a 60 per cent stake owned by Snoras.
MINI Countryman to be built in India
Wed, 17 Apr 2013MINI sells worldwide – even in the US – and, despite claims it was a step too far for the brand, the MINI Countryman has been a big hit for MINI, offering as it does most of MINI’s charm but in a bigger, more family friendly package and with the option of All4 4WD for a degree of off-road ability (well, certainly the ability to treat boot sale car parks with disdain). Now, for the first time, BMW is to build the MINI outside Europe with a new MINi assembly facility coming on stream in Chennai, India, where BMW already makes 3 and 5 Series models as well as the X1 and X3. The plan is part of BMW’s plan of ‘Production follows the market’ where BMW aim to make their cars where they’re sold, so with the MINI brand showing strong growth in India since its launch it makes sense to build them there.
Ford Vertrek concept car (2011) first pictures
Mon, 10 Jan 2011Remember Ford's one world, one car mantra? They call it One Ford. The new Ford Vertrek concept car, unveiled today at the 2011 North American International Auto Show, is a signal that they now want to roll out the same thinking to the SUV market. Currently, Ford sells the Kuga crossover in Europe and the Escape in America.
