Apparently, despite the global economic downturn, some people out there still have large sums of disposable income. We know this because Neiman Marcus sold through a dozen special edition McLaren 12C Spiders in less than two hours Wednesday. At $354,000 each, this single offering grossed Neiman Marcus a staggering $35,400 a minute. Not that we should be surprised. Last year, the retailer sold 10 brand-new Ferrari FF specials out in a mere 50 minutes and in 2009, Neiman Marcus cleared out 50 spec
Mahindra Reva, an electric vehicle company based in India, is rolling out an all-new version of its Reva NXR, this one capable of seating four adults comfortably in the small car, compared to the previous version that seated two.
Don't expect General Motors Corp. to make any new announcements regarding Saab now or in the near future, according GM spokesman Chris Preuss. According to a report in Automotive News, Preuss added that no new Saab deals are imminent with any interested parties.
After weeks of speculation, Fiat confirmed today that its CEO, Sergio Marchionne, will assume the same role with Chrysler once it exits bankruptcy. According to statements from the Obama administration, Chrysler could emerge from "surgical bankruptcy" in as little as 30 to 60 days, after which Chrysler's current chief executive Bob Nardelli will step down and Marchionne will step in.