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1965 Maserati 3500 GT heads to Russo and Steele auction
Wed, 08 Dec 2010A 1965 Maserati 3500 GT will cross the block at the Russo and Steele Collector Automobile Auction in Scottsdale, Ariz., Jan. 19-23, 2011. The vehicle is one of more than 2,000 Maserati 3500 GT models produced from 1955 through 1966.
Fiat's Montezemolo plans to quit as chairman, sources say
Tue, 20 Apr 2010Fiat S.p.A. Chairman Luca Cordero di Montezemolo will quit as company chairman to go into politics, three sources close to the company said. Montezemolo is set to stay on Fiat group's board, as well as remain chairman of the company's Ferrari sports car subsidiary.
Porsche considers North America, China production to grow sales
Mon, 17 Jan 2011Porsche may launch production in North America and China as part of a plan to double annual global sales to 200,000 units, CEO Matthias Mueller said. Mueller said the sports car maker's current German assembly plants in Zuffenhausen, near Stuttgart, and Leipzig, were too small for the brand to reach its ambitious goals. "We will consider this year whether to start production in Asia or North America," Mueller told the German magazine Focus in an interview published Monday.