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Obama sought Ghosn to run GM, ex-car czar says
Fri, 03 Sep 2010The Obama Administration initially wanted Nissan-Renault CEO Carlos Ghosn to run GM after Rick Wagoner was ousted in 2009, and repeatedly pressed Fiat to put up cash for a stake in Chrysler, according to an upcoming book about the government bailout of General Motors and Chrysler. Steven Rattner, President Obama's auto adviser who steered the government's $85 billion bailout of GM and Chrysler, is about to publish a tell-all account about his six-month stint inside the White House. The Detroit News, Washington Post and Huffington Post obtained draft copies of the book--"Overhaul: An Insider's Account of the Obama Administration's Emergency Rescue of the Auto Industry." It is scheduled to be published Oct.
Nürburgring sold for £83m to German auto tech group (2014)
Wed, 12 Mar 2014By Ollie Kew Motor Industry 12 March 2014 11:00 The Nürburgring racetrack in Germany has been sold to German automotive and aerospace technology conglomerate, Capricorn Group, for a figure in excess of €100m (£83m), it has been announced. The Capricorn bid narrowly beat a rival offer from HIG Europe by virtue of its ‘higher purchase price and good prospects for the region’. For now, it’s business as usual.
Bentley Continental & Mulsanne Le Mans Limited Edition UPDATED
Fri, 10 May 2013“There will be 48 of each of the six models (Mulsanne, Continental GT V8 coupe and convertible, Continental GT W12 coupe and convertible and Continental GT Speed coupe) – for a total of 288 in all. Among the 288, the six specification choices are not limited.” Now we know! Bentley has revealed a series of Limited Edition Le Mans cars – either as the Mulsanne Le Mans or Continental Le Mans – to celebrate the 90th anniversary of Le Mans (in which Bentley partook) and the 10th anniversary of Bentley’s victory at Le Mans in 2003. Unfortunately, all the Le Mans Limited Editions are exclusively for North America.