<

Some Of The Worst People In Sports Are Trying To Buy Out Formula One

Strange as it may seem to read it, flop-haired sinister Andy Warhol impersonator Bernie Ecclestone doesn’t actually own Formula One. The group with the biggest stake in the biggest spectacle of motorsports actually belongs to private equity firm CVC Capital Partners. And word on the street is they want out – and… » 6/24/15 12:41pm 6/24/15 12:41pm

Spyker Might Be Getting Evicted, But Everything's Just Fine, CEO Says

Spyker, the Dutch car company that arguably builds some of the prettiest automobiles in the world today, is not going bankrupt, according to company CEO Victor Muller. That comes on the heels of a Dutch court order to either pay the company's landlord, or get evicted from the factory. Yeesh. » 11/05/14 12:24pm 11/05/14 12:24pm

GM Somehow Posts Best Sales Since 2007

Remember that time that GM recalled every single car in the world because faulty ignition switches killed a bunch of people and past experience said that they would suffer, at least somewhat, in the sales figures? It turns out that nobody remembered that time, because GM just posted its best June sales since 2007. » 7/01/14 10:11am 7/01/14 10:11am

Fisker Is Bleeding Itself To Death

“My ethics told me I had to leave. I had to follow ethical standards. I still love the company. It was my life.” Henrik Fisker sounded angry about what had been going on, but he refused to say much beyond that by way of specifics. What is clear, though, is that past few months have been rougher for the company that… » 3/29/13 4:25pm 3/29/13 4:25pm

Tesla Nixes Battery Deal, to Focus on Not Building Cars

Tesla Motors' plans to sell battery packs to Norwegian company Think Global has been put on hold as the company plans to focus on shipping cars to the 600 people who paid a lot of money and still have nothing to drive (except a fleet of other cars, presuming they're very wealthy). It was hoped this deal would help… » 11/01/07 1:00pm 11/01/07 1:00pm

Porsche's "Geyser 'o Cash" Continues Unabated

At current rates of return, Porsche will own the auto industry by 2112 — just in time for President Geddy Lee's Cryogenically Frozen Head to rename Detroit "Stuttgart West." Led by strong sales of the 911 range, though bolstered by excellent showings from the new Cayman and Boxster, Porsche's after-tax profits hit… » 12/06/06 9:28am 12/06/06 9:28am

Kiss and Say Sayonara: GM, Toyota Tech Alliance to End

Edmunds Inside Line is reporting a technology alliance beween Toyota and GM is set to end next week, and that the two will indeed part as rivals for the position of #1 automaker. The deal, which was struck in 1999, has produced... wait for it... nothing. Toyota reportedly couldn't deal with GM's constant whining,… » 2/24/06 7:20am 2/24/06 7:20am

GM Losses top $8.6 Billion for 2005, Not the Worst Year Ever

Despite losses totaling (please sit down, Mr. Wagoner) $8.6 billion, 2005 still wasn't GM's worst year on record. In 1992, GM took a $23.5 billion hit brought on primarily by a change in accounting procedures that forced the company to include retiree health-care costs in earnings. At the time, Rick Wagoner, then the… » 1/27/06 8:28am 1/27/06 8:28am