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Jaguar puts C-X75 supercar on ice
Tue, 11 Dec 2012Jaguar has reversed its plan to sell the C-X75 hybrid supercar, fearing the project could be a commercial failure unable to recoup its investment. ‘After a thorough reassessment of the market conditions, the company’s view is that the global economic landscape does not currently support the introduction of a supercar such as C-X75,’ said Adrian Hallmark, Jaguar global brand director. Together with project partner Williams F1, Jaguar has built five prototypes of the plug-in hybrid.
Saab’s Chinese Takeaway goes cold
Thu, 12 May 2011Saab loses Hawtai investment There’s nothing worse than a cold Chinese; all congealed and unappetising. A reality Victor Muller woke up to today when the news broke that the much-trumpeted investment by China’s Hawtai in Saab had turned sour. But it wasn’t exactly unexpected.
Ferrari and Puma extend partnership
Wed, 08 Jun 2011Ferrari and apparel company Puma will extend their six-year deal, the companies said on Wednesday. Puma will continue to be the official licensing partner and racewear supplier for Ferrari. Ferrari is expecting to expand its global reach as the Formula One calendar grows into markets such as India and the United States.