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Peter Horbury replaces Steve Mattin as Vice President of Design at Volvo Cars
Wed, 01 Apr 2009Ford Motor Company announced key changes to both Volvo Cars and Ford's Americas design operations today. Effective May 1, Peter Horbury, currently Executive Director of Ford Americas Design, will return to Volvo as Vice President of Design, replacing Steve Mattin who, according to Volvo, "elected to leave the company". Insider sources tell us he was forced out.
First Corvette Stingray Convertible sells for $1 million
Sun, 07 Apr 2013The first Chevrolet Corvette Stingray to be built has been auctioned for charity by Barrett Jackson and bought by Rick Hendrick for $1 million. The new Corvette Stingray Convertible was offered for sale this weekend at Barratt Jackson’s auction in Palm Beach, Florida, with GM donating the healthy proceeds of $1 million to the Barbara Ann Karmanos Cancer Institute. The Stingray Convertible was bought by wealthy NASCAR team owner Rick Hendrick, who can now add the Stingray Convertible to his collection of cars, which also includes the first of the new Stingrays for which he paid $1.1 million.
Fernandes confirms Team Lotus-Caterham deal
Wed, 27 Apr 2011Tony Fernandes has officially confirmed that Team Lotus Enterprises has taken over tiny British sports-car maker Caterham Cars. Named after the London suburb where it was founded, Caterham bought the rights to the Lotus Seven design in 1973 and has been exploiting it ever since with increasingly sophisticated models that stay true to the original concept. The company is now based in Dartford, close to the Brands Hatch race circuit.