Ralph Lauren shares his car collection in this video. As you might expect, he has some beautiful vintage autos.
Author: Staff (Page 96 of 202)
DETROIT (Bloomberg) — Fiat S.p.A. has options to increase its stake in Chrysler Group LLC to more than 70 percent as the U.S. government seeks to exit its investments in the auto industry.
Fiat has an option for 12 months to buy the U.S. Treasury’s remaining stake after it repays debts to the government, Chrysler said today in a filing with the U.S. Securities and Exchange Commission. Chrysler said in April it would issue new debt to repay the government loans, allowing Fiat to exercise an option to increase its stake to 46 percent from 30 percent.
The Treasury holds an 8.6 percent stake in Chrysler, the company said April 12. That amount would be reduced when Chrysler meets the final of three performance milestones that each give Turin, Italy-based Fiat an additional 5 percent stake. The final goal, to build a vehicle that gets 40 mpg in the U.S., should be met this year, Sergio Marchionne, CEO of both automakers, has said.
If you’re looking for a used car like the 2009 Pontiac G8 GT pictured above and were hoping for a deal, you might be in for an unpleasant surprise. Used car prices hit a record high in April, as inventories are tight in the new car market and wholesale used-vehicle prices keep increasing. The domestic auto business is doing very well as evidenced by good news from auto retailers like AutoNation, so prices are going up all across the board.
Jaguar announced that it produce the C-X75 hybrid supercar as a halo car. This is great news for any auto enthusiast out there!
From AutoNews.com:
Jaguar today said it will build the C-X75 hybrid supercar as a halo car for the brand.
The British sports car maker will make 250 examples of the C-X75, which stole the spotlight at the 2010 Paris auto show.
The car will be priced between 700,000 pounds ($1.2 million) and 900,000 pounds ($1.5 million) depending on the local market and taxes.
Jaguar said the C-X75 will use advanced technology to deliver low CO2 emissions of less than 99 grams per kilometer while being able to achieve in excess of 200 mph (322 kph).
“The C-X75 received an incredible reception as a concept car. We’ve been building on that momentum and there is a clear business case for this exclusive halo model,” Adrian Hallmark, Jaguar brand director, said in a statement.
First Look: Scion FR-S Concept, from InsideLine.com:
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