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CPP comments as investor Vladimir Antonov loses his bank. Arrest warrant issued.
Thu, 24 Nov 2011Vladimir Antonov - Arrest warrant issued over Snoras Bank collapse Russian businessman Vladimir Antonov has been busy buying up a raft of car companies (and Portsmouth FC) in recent years. But there are now big questions about how he financed that. Vladimir Antonov is the main shareholder in Lithuanian Snoras bank (he owns 68 per cent) and in Latvijas Krajbanka via a 60 per cent stake owned by Snoras.
Chrysler developing new supercharged Hemi V8
Mon, 20 May 2013Chrysler Group is developing a supercharged Hemi V8 with power approaching the 640 hp of the SRT Viper's V10. The 6.2-liter engine, code-named Hellcat, is expected to debut on the next-generation Dodge Challenger and perhaps other vehicles, according to sources within Chrysler. The engine's existence was revealed on the Internet site Allpar.com and confirmed by Chrysler insiders.
Lincoln opens first dedicated design studio for 40 years
Fri, 19 Oct 2012Ford has opened the first dedicated Lincoln design center for 40 years in Dearborn, Michigan, as part of its ongoing brand reinvention. Last August Ford announced it would be creating the studio for its luxury brand as well as increasing spending, giving it unique interiors and powertrains in an effort to differentiate it from the core Ford offerings. The Lincoln Design Studio has been built on the campus of Ford's Product Development center and houses designers, sculptors, modelers and engineers who make up part of a larger Lincoln Product Development team that will create four new Lincoln vehicles by 2015.
