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Porsche buys Nardo for high-speed tests

Ollie Kew, 11 April 2012 14:53

Porsche has announced it is to take ownership of the famous Nardo Proving Ground in southern Italy. The company's engineering consultancy wing, the Porsche Engineering Group, will assume ownership as of May 2012. Nardo is currently owned by Italian firm Prototipo SpA. No fee has been disclosed by either party. Why has Porsche shelled out for Nardo? Most well-known for its 12.5km banked oval circuit ...

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Porsche buys Nardo for high-speed tests

Ollie Kew, 11 April 2012 14:53

News watch March 2012: today's auto industry news

Tim Pollard, 30 March 2012 09:11

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Friday 30 March 2012• Fiat is suffering from its decision to suspend new product innovation during the recession, argues ANE. It is losing ground on account of delays to its Punto range, which ...

Audi to buy Ducati – the four rings expands from four wheels

4.5

Georg Kacher, 12 March 2012 09:50

Audi has struck an exclusive deal giving it first rights to buy Italian superbike manufacturer Ducati, CAR can reveal.The exclusivity deal gives Audi until mid April when the deal will likely be finalised, according to high-ranking sources contacted by CAR. Ducati's liabilities are around €200 million [earlier report said €800 million, this has been corrected], and our sources suggest the total ...

Vauxhall Ampera is 2012 European Car of the Year

3.5

Ben Pulman, 05 March 2012 14:30

The Opel/Vauxhall Ampera has been crowned European Car of the Year for 2012. The winner was announced today at a ceremony at the 2012 Geneva motor show. The votes of the 59 jurors from 23 European countries ranked the Ampera first, from a shortlist comprising Citroen DS5, Fiat Panda, Ford Focus, Opel/Vauxhall Ampera/Chevrolet Volt, Range Rover Evoque, Toyota Yaris and Volkswagen Up. The ...

GM and PSA sign a global strategic alliance (2012)

3.5

Tim Pollard, 29 February 2012 18:09

GM and PSA Peugeot Citroen this evening announced a 'long-term and broad-scale global strategic alliance' which will see the three brands co-develop cars in Europe and, in some cases, globally. Opel/Vauxhall and Peugeot Citroen will start sharing vehicle platforms and components, with the first jointly developed models expected by 2016. The focus will be on small and medium sized cars, ...

News watch February 2012: today's auto industry news

4.5

Tim Pollard and Ben Pulman, 29 February 2012 09:02

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Wednesday 29 February 2012• Following on from yesterday's news of a cross-holding between PSA and GM, it now appears that Peugeot Citroen would offer a €1bn rights issue to create cash and strip back ...

Land Rover Defender to star in 2012's new Bond film

Phil McNamara, 24 February 2012 13:48

Land Rover’s Defender will be one of the star vehicles of the new James Bond film Skyfall, due in cinemas this winter. The venerable 4x4 will be driven in a chase sequence by Naomi Harris’s character, Eve. And the assignment is shaping up to be one of the toughest in the Defender’s 64-year history, says Skyfall co-producer Andrew Noakes. ‘We ...

Toyota prices the new GT 86 RWD coupe at £25k

Tim Pollard, 03 February 2012 09:00

Toyota has quashed all the rumours about how much its new GT 86 rear-wheel drive sports car will cost: the price has been confirmed at £24,995 in the UK. Some speculation had suggested the price might soar nearer £30k on account of the unfavourable yen exchange rate. But Toyota GB today confirmed the GT 86 will start at £24,995. Click ...

Lotus owner Proton tries to quell sale rumours

2.5

Tim Pollard, 01 February 2012 16:37

The Malaysian owners of Lotus have taken the unusual step of quashing rumours circulating of an impending sale of its British sports car division. Several newspaper articles have suggested that the new owners of Proton may divest its loss-making Lotus subsidiary. The ownership structure of Proton has changed in recent weeks, after the Khazanah Nasional Berhad sold its entire stake ...

News watch Jan 2012: today's auto industry news

Tim Pollard, Ben Pulman, Sarah-Jayne Harrison and Marcus Roberts, 31 January 2012 15:35

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Tuesday 31 January 2012• Two Japanese car parts suppliers have been fined a staggering $548m for price fixing offences following an FBI investigation. Yazaki Corp. has agreed to pay $470m and Denso Corp. ...

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