Sebastien Loeb, who has won a record nine World Rally titles and 78 individual rally wins, will drive the Peugeot 208 T16 Pikes Peak car up the iconic 1.16-mile in late June as part of the Goodwood Festival of Speed.
Monthly Archives: March 2014
Honda cuts UK car production cites weak growth outlook
Honda unveiled further cuts to its manufacturing operations in the UK, citing disappointing sales growth in Europe which it did not see picking up in the next couple of years.
Volkswagen e-Load Up driven
The little Up has been a huge success for Volkswagen, with its compact dimension, stylish design and excellent oad handling going down a storm with car buyers. However a van version wouldn’t seem an obvious move. After all, the Up only has a small boot and even with the seats removed you’d hardly call it cavernous. But that hasn’t stopped Volkswagen creating the e-Load Up.
Singapore invests $63M in fuel cell company Intelligent Energy
GIC, Singapore’s sovereign wealth fund, has invested approximately $63 million in UK-based fuel-cell manufacturer Intelligent Energy Holdings plc.
The investment takes the form of a new issue of 15,129,468 Ordinary Shares to GIC, representing 10% of the company’s enlarged issued ordinary share capital immediately following the placing of shares to GIC, at a subscription price of £2.50 per Ordinary Share.
Russia to limit state procurement of imported cars
Russia plans to restrict state procurement of imported cars in a move aimed at helping domestic carmakers to weather a slump in demand.
Russia’s Industry Minister Denis Manturov said today that a draft resolution on restricting the purchase of imported cars by state institutions and regional governments has been submitted to the government, Russia’s Interfax news agency reported.
