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Archive for the ‘Automobile’ Category

25
Feb

Toyota Charters Boat to Store Unsold Cars

Toyota has run out of space for its unsold cars. So it is putting them on a boat.

The Japanese auto giant told Lloyd’s List that it has chartered a 2,500-car capacity ship that will simply sit at a dock in Malmo, Sweden.

“We have space for 12,500 cars in Malmo, which acts as a distribution center for all the Nordic countries,” Toyota spokesman Etienne Plas told Lloyd’s…  More info

24
Feb

Automobile – U.S. Treasury Looking to Secure Bankruptcy Financing for GM & Chrysler

General Motors and Chrysler may be strongly opposed to a Chapter 11 bankruptcy filing, but the U.S. Treasury Department could be planning to force their hand in the matter. Per a new report, the Treasury Department is readying a $40 billion financing package, should either of the Detroit automakers file for bankruptcy protection.

A person close to the situation revealed to Bloomberg that “everything is on the table” for GM and Chrysler, including possible Chapter 11 filings for both companies. President Obama wants all scenarios to be planned out, but is reportedly keeping bankruptcy talks quiet as to not upset the UAW…  More info


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24
Feb

Automobile F1 – US(F1) hat flies into Formula One ring

Welcoming recessionary times and FIA rules changes, and promising to run a team as spare as its name, partners Ken Anderson and Peter Windsor on Tuesday announced the launch of Formula One team USF1.

Using a live television feed via Windsor’s current employer, Speed TV, the duo made formal their more than two-year-old secret that leaked its way to public knowledge in the past month. Windsor, whose title will be sporting director, said he and Anderson, team principal, have lined up necessary capital to field a team in the heretofore world’s most expensive motorsport that has seen a global recession help bring it to heel. USF1 stands to be F1 sans bling.

“We’ve got an approach we want to bring into the sport that we want to do well,” Windsor said. “The key to that was not selling any more than a very small stake in the team. So we set some unbelievably steep hills to climb, in a recession. We just wanted to sell off a small part of the team, and I’m pleased to say that as we sit here now we’ve done that and we’re now two guys who can say we’re going to do a Formula One team…  More info

24
Feb

Automobile Rally – College’s all-girl rally car crew (with video)

girl-rally-team

These girls won’t need to call out a mechanic if they break down.
The petrol heads can strip an engine, change the wheels or replace a gearbox in a matter of minutes.

The seven-strong group, all students from Myerscough College, is believed to be the first all-female rally team in the country.

Siwan Hughes, 16, Charlotte Riley, 16, Jade Wells, Kelly Kelsall, 19, Francesca Whalley, 21, Ashleigh Turner, 18 and Ema Winney are all studying motorsports courses…  More info


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