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Jaguar to build R8 rival

[ad#ad-1] Jaguar has its problems, there is no doubt. Tata is struggling financially with its recently acquired Jaguar / Land Rover set-up, but then virtually every car maker has major problems at the moment. And yes, it has just laid off 450 staff, although this seems to be more about management rationalisation than shedding pure manufacturing jobs.

Toyota to close Australian design studio

Toyota designers at its Technical Center Asia Pacific Australia (TTCAP-AU) are to lose their jobs as part of Toyota's decision to scale back the facility's activities as well as halting all manufacturing within the country by 2017. The TTCAP-AU, which carries out all its Australian design and evaluation operations, employs 150 designers and modelers and it's possible that its activities with the Camry, Camry Hybrid and Aurion models could be scrapped, raising doubts over its future. Around 2,500 employees at Toyota's Altona manufacturing plant are expected to lose their jobs, although the effects are likely to be wider ranging.

The great Tesla bubble of 2013

Do I go too far out on a limb to suggest Tesla is the modern-day version of the Great Tulip Bubble of March 1637? Remember, that was when speculators drove prices of just-introduced tulip bulbs to astronomical heights. Some single bulbs cost more than 10 times an average working man's salary.