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TVR to shut British factory
Wed, 18 Oct 2006By Phil McNamara Motor Industry 18 October 2006 01:23 Sports car maker TVR announced today that its Blackpool factory will close, with the loss of 260 jobs. But the company vows that the brand will live on though, with production moving overseas. The workforce was told the news this morning (Wednesday 18).
McLaren 12C Can-Am & Historic McLaren Can-Ams at 2013 Goodwood FoS
Tue, 30 Apr 2013It seems it was, because by November McLaren revealed the 12C Can Am was going in to limited production – just 30 units at £375,000 each – for deep-pocketed Americans to go track day racing with a 12C that weighs in at 1200kg, gets a few extra horses and 30 per cent more downforce compared to the road going 12C. So with a new track car and a 50th anniversary to celebrate in 2013, McLaren has decided it’s a good idea to take the 12C Can-Am off to play on the Goodwood hillcimb this summer at the 2013 Festival of Speed and, for added interest, take along a selection of models from their heritage collection – the ultimate McLaren racers of the 1960s and 70s – for our delight. McLaren has also given us a teaser video of the M8D Can-Am Racer (below) as a taster of what visitors to this year’s FoS can look forward too, yet another reason to get yourself down to Sussex in July.
Obama calls for shared sacrifice in auto bailout
Fri, 16 Jan 2009President-elect Barack Obama says he wants to keep tough conditions on automakers that get federal loans. The companies must develop sustainable business models because it would be unacceptable "to keep them on their lifeline through taxpayer dollars in perpetuity," Obama told The Washington Post. Obama said industry restructuring will require "everybody, from labor to management to creditors to shareholders, giving something up." His comments contradict suggestions that the new administration will relax federal loan agreements reached last month with General Motors and Chrysler LLC, possibly with softer demands on the UAW.
