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Abarth 695 “Tributo Ferrari” – Official
Sat, 12 Sep 2009Interior of the Abarth 695 Tributo Ferrari which is heading for Frankfurt Fiat say that the Tributo Ferrari is distinguished by substantial modifications that have been developed by Abarth and Ferrari. Most substantial of these is probably the 1.4 litre turbo, which has been tweaked to give over 180bhp. But the revisions all round are quite a bit more than a cosmetic job to create a cheap baby Ferrari.
VW Race Touareg 3 (2011) first pictures
Fri, 20 Aug 2010You might usually associate the Volkswagen Touareg with school-run mums whose furthest foray off-road is up the kerb and onto a wet field – this is something different, this is the new VW Race Touareg 3. That there is, and it’s the Race Touareg 2 that’s taken the chequered flag at the last two Dakar rallies, becoming the first diesel-powered winner in 2009. And after 2010’s 1-2-3 finish, the VW board decided it was onto a good thing and commissioned Volkswagen Motorsport to update its Touareg racer for the January 2011 race.
U.S. equity firm to invest $70 million in Saab
Thu, 20 Oct 2011Race-car fan and private-equity executive Alex Mascioli is pumping $70 million into Saab as the Swedish automaker works to stay afloat. Mascioli's firm, North Street Capitol, is buying $10 million in shares of Swedish Automobile, which owns Saab, and is also giving the company a $60 million loan to pay for the carmaker's reorganization. U.S.-based North Street Capital struck a deal in September to buy the Spyker sports-car business from Swedish Automobile for $44 million.