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Lamborghini reports drop in profits
Wed, 10 Mar 2010Lamborghini has announced a pre-tax loss of £32m for 2009 as the world recession led to a slump in supercar sales. Lambo delivered 1515 supercars last year, down 38% from 2008's 2430. Turnover dropped 41% to £215m. It's a far cry from the dizzy heights of the boom years.
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Wed, 19 Mar 2014GM introduced its new modular family of Ecotec engines on Wednesday at its powertrain headquarters in Pontiac, Mich. The new, reduced-in-size three- and four-cylinder mills will replace three of GM's current engine families, eventually making their way into five of the company's brands. The Ecotec family will eventually spawn 11 engines in total, ranging in displacement from 1.0 liter to 1.5 liters.
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