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Mickey Thompson's 1960 Bonneville Record Run
70's Porsche Documentary
1969 24 Hours of Le Mans Video
2009 Coronado Speed Fest
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FROM THE DENVR POST: Italian automaker Fiat, which controls Chrysler, on Wednesday pushed ahead with plans to split into two companies as it reported a return to profit in the second quarter on improved sales of farm equipment and trucks. Fiat announced that its board approved the plan to separate its industrial-vehicle and auto businesses into two companies to create a global auto company that will eventually incorporate Chrysler Group LLC. The plan was announced in April. MORE»
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FROM REUTERS: One of the toughest struggles in the negotiations was just how interwoven Volvo had become with the wider Ford Motor Group including safety and in-car-entertainment equipment. Volvo shared engine platforms and parts with Ford brands, while it relied on hardware and electronic-architecture work done at Ford. “Ford and Volvo are, to this day, still very intermeshed,” says Cox at Rothschild. Leaks in October highlighted disagreements over patents and intellectual property rights that threatened to kill the deal. In the end, the takeover terms gave Geely some of the technology. Ford got to keep other bits, but has to license some of it to Geely for use in its own operations. That should allow Geely to improve the quality of its own cars, and grow sales. MORE»
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FROM DETROIT FREE PRESS: Saving Detroit’s auto industry may be a better deal for U.S. taxpayers than anyone expected. A Free Press analysis suggests that taxpayers could get back about $74 billion of the $86 billion the government made available in 2008 and 2009 to save General Motors, Chrysler and Ally Financial, the former GMAC. So far, the industry has paid the government $18.3 billion in debt, interest and dividends, and the prospects for payback have improved thanks to a rebound in vehicle sales and profits at the three companies. That includes the $1.5 billion Chrysler Financial has paid off and a $5-billion aid plan for suppliers that turned a profit. MORE»
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FROM SAN GABRIEL TRIBUNE: Seventeen-year-old Steven Ortiz is fairly sure he is the only student at Charter Oak High School who drives a convertible Porsche to school. And, to the surprise of some of his friends, it doesn’t belong to his parents. Steven started with an old cell phone and eventually traded up to his impressive ride. It didn’t happen overnight, but with the help of the Craigslist website and a lot of patience, Steven made 14 online swaps over two years to get his 2000 Porsche Boxster S. MORE»
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FROM AFP: A year after its first Formula One race, Abu Dhabi hopes to lure even more tourists with “Ferrari World” — a grandiose theme park that is the first of its kind for the iconic Italian carmaker. Ferrari World Abu Dhabi announced on Monday that the park will open in 100 days featuring a record-breaking roller coaster ride meant to emulate the feeling of being in a Ferrari F1 car. Sitting next to the futuristic Yas Marina circuit that hosted Abu Dhabi’s inaugural Grand Prix race in November 2009, the sprawling complex will be the world’s largest indoor theme park. Due to open on October 28, little more than two weeks before this year’s Abu Dhabi GP, it will be housed under a massive triangular red roof on the 40-billion-dollar Yas Island development. MORE»
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 Deal with Russian-born inventor allows imports of Prius and other hybrids to continue in U.S. -FORBES FROM FORBES: Toyota Motor, the leader in hybrid vehicles, has settled a patent-infringement dispute that had threatened to block the sale of the best-selling Prius and other Toyota hybrids. The agreement with Paice LLC, a tiny Florida firm founded by Alex Severinsky, a 65-year-old Soviet refugee, came Monday just as a hearing was to begin on Paice’s claim against Toyota ( TM – news – people ) before the U.S. International Trade Commission in Washington. Severinsky claimed Toyota had infringed his 1994 patent for a high-voltage, low-current hybrid system, which he said provided the ideal balance between performance and cost. MORE»
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FROM THE AP: Germany’s autobahns are renowned for average speeds well in excess of 80 miles (130 kilometers) an hour. But the average dropped near zero Sunday as tens of thousands of people sat at a 37-mile table for a cultural celebration titled, appropriately enough, “Still Life.” Cars were strictly verboten. “Attention on the A40,” a radio traffic report warned. “There is a 60-kilometer (37-mile) closure between Duisburg and Dortmund due to the longest table in the world.” MORE»
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FROM SPEED: Jose Maria Lopez says he was embarrassed to be involved with the failed US F1 project. The Argentine driver was announced by the team after co-founder Peter Windsor met the country’s president in January. Days later it became apparent that the project was in trouble. “At the time I felt terrible,” Lopez told SPEED.com on a visit to the British GP. “I was lucky to have the opportunity, but the way that everything went put me and the people working with me in an embarrassing situation. They met the president, they promised us everything. All the time we were asking if they will make it. All the time they would say, ‘No problem. We’re going to make it.’ MORE»
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FROM BUSINESSWEEK: Volkswagen AG Chief Executive Officer Martin Winterkorn will explain today how he plans to return the U.S. unit to profit as it heads for an eighth annual loss. He’ll do so without a leader to oversee the turnaround. The CEO hasn’t named a permanent successor to U.S. chief Stefan Jacoby almost a month after the VW veteran of 25 years stepped down. Jacoby’s exit coincides with the final phase of introducing a new Jetta compact, VW’s best-selling American model, and as VW prepares to open a factory in Tennessee and present the first car built for the U.S. market. MORE»
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FROM BUSINESSWEEK: Airbus SAS’s head of operations, Gerald Weber, is taking lessons from his former employers in the car industry to cut production time on the A350 model and avoid the years of delay the planemaker suffered on the A380 program. Weber, who has worked at Daimler AG, said he helped cut back on customization of the wide-body jet, changed the way internal systems and the fuselage are combined and got designers, engineers and customers to cooperate from the aircraft’s inception to identify potential fixes. “Everyone is working more closely together on the A350,” Weber said in an interview at his Hamburg office overlooking the northern German city’s port entry. “On the A380, each team would design one part and then throw it over the fence.” MORE» |
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