Fiat has only been in the US for a short period, but after buying Chrysler earlier in the year it seems the paired company is really pushing to increase its fan base. So much so that Fiat-Chrysler CEO, Sergio Marchionne, is now offering a rebate incentive for all current US […]
Industry
Aston Martin sells 37.5 per cent stake to Investindustrial
It’s official, 37.5 per cent of Aston Martin has been sold to Investindustrial for 150 million pounds (approximately AU$230 million). The new deal is set to assist with developing new model vehicles and sustainable long-term growth. The investment deal, and subsequent funding, will help Aston Martin develop new products in […]
Australian vehicle sales for November 2012 – new Corolla leads the way
The official VFACTS figures for Australian new vehicle registrations for November 2012 are out, and it’s the new Toyota Corolla that has blown every car out of the water. The new Corolla has been on sale for under two months (full review coming soon), yet it has already won the […]
Australia’s Best Cars Awards for 2012 – results
The official Australia’s Best Cars results are out for 2012, and it’s a tie between BMW and Hyundai for the manufacturer that has picked up the most awards. Australia’s Best Cars Awards is an annual event that is run by the Australian Automobile Association, in conjunction with a number of […]
Aston Martin receives bids from Mahindra and investment group
A few weeks ago it was reported Aston Martin could be up for sale, or at least partially up for sale. Now there’s word the British marque has received bids from a large investment group, and Mahindra & Mahindra. According to sources close to the matter, who recently revealed details […]
Former Porsche CEO Wendelin Wiedeking focusing on pizza
From 1993 until 2009, Wendelin Wiedeking was the president and CEO of perhaps one of the most iconic sports car manufacturers in the world; Porsche. Since being fired from the helm at Porsche, Wiedeking has invested in various businesses, with the latest being a chain of restaurants. The first restaurant, called […]
Aston Martin up for sale? Mahindra and Toyota could be interested
Aston Martin’s biggest shareholder is reportedly looking to sell off its 64 per cent stake in the British marque. Two companies that are apparently interested in buying the stake include Mahindra & Mahindra, and Japanese giant, Toyota. Investment Dar Company currently owns 64 per cent of Aston Martin. There’s word […]
Nine-speed auto transmission is the limit, says ZF CEO
How many gears is too many? It seems nine is the limit according to renowned transmission manufacturer, ZF. The CEO recently spoke about the number of gears a transmission could have before it becomes excessive. Speaking in an interview with Automobilwoche, ZF CEO Stefan Sommer said nine is the “natural […]