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Renault buys Caterham out of the joint Alpine sports car venture
Tue, 10 Jun 2014Renault buys Caterham out of the joint Alpine sports car venture It’s more than eighteen months since Renault and Caterham joined forces to create a new breed of sports cars around the Alpine brand. Renault say the arrangement is a mutual one and officially brings to an end the joint venture, and that the business will be renamed Société des Automobiles Alpine this month, although Renault aren’t excluding further ventures with Caterham in the future. The split means that the Alpine project will now be a purely Renault one, and Renault are planning to get their Alpine to market by 2016.
GM board will again delay decision on Opel's future, report says
Tue, 08 Sep 2009General Motors Co.'s board will again postpone a decision on Opel's future at a two-day meeting starting today despite pressure from Germany to accept an offer for the European unit from Magna International Inc, a newspaper reported today. GM's board will delay a decision until October at the earliest, the German business daily Handelsblatt said, citing company sources. The paper said the board favors keeping Opel or, as a second choice, selling a majority stake to Belgian investment group RHJ International, which is offering 300 million euros ($433 million) in cash for a 50.1 percent stake in Opel.
Is this the Audi Q4 crossover?
Tue, 08 Apr 2014Audi has released three official sketches of a new TT-inspired crossover concept set to make its debut at the Beijing auto show later this month. The high-riding crossover, whose details are being kept secret for now, is rumored to preview the upcoming Audi Q4 – Ingolstadt's answer to the likes of the BMW X4 and Porsche Macan. The new five-door shares design cues with the three-door Allroad Shooting Brake wheeled out at the Detroit auto show back in January, suggesting Audi is well into a series of new sporting crossover-style SUV models that will line up alongside the more practical SUV offerings already on sale today.
