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Fiat 500L launches
Wed, 04 Jul 2012The Fiat 500L – a larger Fiat 500 based on the Punto – has launched in Italy ahead of going on sale in the UK in early 2013. We had the official arrival of the Fiat 500L at the Geneva Motor Show in March, and now we get the 500L’s official launch in Turin – together with lots of new photos and a video – before the 500L goes on sale around the world. The 500L is actually based on the underpinnings of the Punto to create a 500 MPV and, sensibly, Fiat has done with the 500L what MINI did with the Countryman and slapped an iconic badge on even though the 500L bears scant resemblance to its cute little sibling.
Ford GT40 prototype sold for £4.2 million
Wed, 23 Apr 2014One of four original Ford GT40 racer prototypes has sold at auction in the US for a staggering $7 million. That's £4.2 million. The Ford GT40 is famous for several things – being the product of Ford’s frustrated attempt to buy Ferrari, becoming an enormously successful Le Mans winning racing car and standing just 40 inches tall.
Whitacre named General Motors' permanent CEO
Mon, 25 Jan 2010Ed Whitacre, General Motors Co.'s chairman, will become the automaker's permanent CEO, it was announced on Monday. In a brief press conference, Whitacre, 68, said GM plans to pay back government loans to the U.S. and Canada by June.