Caterham Group has sold its financially struggling F1 team to a consortium of Swiss and Middle-Eastern investors so that they can focus on “core activities and continue to see them develop and flourish”.
Monthly Archives: July 2014
GM’s ignition-switch crisis deepens; death toll rises to 16
By Bernie Woodall and Paul Lienert
General Motors ongoing safety crisis over deadly ignition switches deepened on Monday with the recall of 8.23 million mostly older cars linked by the U.S. automaker to three deaths.
2015 Range Rover Sport SVR up close and on the track at Goodwood
Land Rover showed us the Sport SVR prototype at last week’s Goodwood Festival of Speed with a light camouflage, revealing most of the expected updates for the soon to be released production model from new bumpers to new quad exhaust setup at the rear.
New Ford CEO Mark Fields gets $5.25M pay package, plus options
New Ford CEO Mark Fields will get a pay package worth more than $5.25 million this year as he takes over for the retiring Alan Mulally.
Renault-Nissan Alliance posts record €2.9B in synergies in 2013 ahead of launch of first CMF vehicles
The Renault-Nissan Alliance posted record synergies of €2.87 billion (US$3.9B) in 2013, up from €2.69 billion (US$3.7 billion) in the previous year. Purchasing, powertrain and vehicle engineering remained the biggest contributors as the Alliance geared up for the launch of its first Common Module Family (CMF) vehicles.
