Kenny Rogers' country classic The Gambler is right about two things: you gotta know when to hold'em and know when to fold'em. A former Maserati salesman in Singapore is learning that lesson about when to step away from the table, after being sentenced to 33 months in prison for allegedly gambling away a customer's deposit of 350,000 Singapore dollars ($280,800).
While the flying car (at least as we dream of it) is likely never going happen, the floating car is a problem that has been solved for decades. In fact, Gibbs Amphibians may have taken the concept farther than anyone else in history with its line amphibious cars, trucks and quads. However, its vehicles don't just have to be for fun – they can also help people. At least, that's what Gibbs thinks – the small automaker has licensed its Humdinga amphibious truck to Singapore Technologies
What's the secret to long-range urban electric driving in the tropics? Individualized overhead air-conditioning units, apparently. Tum Create, a collaboration between two engineering schools, Technische Universität München (TUM) in Germany and Nanyang Technological University (NTU) in Singapore, is currently showing off its Eva taxi at the Tokyo Motor Show.
General Motors has announced that it will be moving its international headquarters from Shanghai to Singapore, a move that will see 120 employees working from the city-state by the time business opens in 2014. Meanwhile, 250 to 300 of the employees at the Shanghai office will remain in China, according to a report from The Wall Street Journal.
TUM Create, a section of the Technical University of Munich, Germany, that has more than 100 technical types working on future solutions to mobility, worked with Singapore's Nanyang Technical University to come up with the Voi multipurpose electric scooter. The Voi – from the Vietnamese word for elephant – puts a rider behind an enclosed passenger cell that keeps proceedings narrow and can keep one of the occupants dry.
Nissan is conducting field tests with FedEx in Singapore for its all-electric NV200 commercial van. The road test for what Nissan now calls the "e-NV200" is part of a comprehensive field test program that was started up by Nissan and FedEx at the Hannover Motor Show in Germany last September.
Though you might call the Singapore Grand Prix one of the newer expansion races on the Formula One calendar, its roots actually trace back to 1966 when it was run as part of the (long since defunct) Formula Libre. It came back in 2008 as part of the Formula One World Championship, though, and its first night race at that.
Despite the fact that the design study of its all-new P1 supercar is set to debut in Paris next week, McLaren is still keeping busy selling its existing MP4-12C model. We've heard news of other special edition Macs, after seeing the one-off X-1 Concept at Pebble Beach, and now it seems that a limited edition MP4-12C will be made available for the supercar-inclined one-percenters of Singapore.
It is exceptionally rare for Bernie Ecclestone to be shown the yellow flag when it comes to his Formula One business dealings, but that's what happened with two of his projects. A month ago, Ecclestone agreed to terms with France's sports minister David Douillet to reinstate the French Grand Prix at the Paul Ricard circuit (which Ecclestone happens to own). The contract hadn't been signed while minor details were settled, but the plan was that the French GP would alternate with the Belgian GP st
Formula One has many homes: the Formula One Management company that controls its commercial aspects is based in London, the FIA that governs its sporting aspects is based in Paris, and you'd certainly have a point to make if you asserted its spiritual home was in Monaco. But none of these places are where its stakeholders are looking to float its Initial Public Offering. No, that place is Singapore.
Formula One may be headed toward an initial public offering worth a staggering $10 billion, according to Bloomberg. CVC Capital Partners Ltd., the majority owner of the Formula One Group, has hired Goldman Sachs Group to look into the motorsports empire's value. The deal would involve selling a portion of CVC's 63.4 percent stake in F1, likely with an IPO in Singapore. The news comes courtesy of an unnamed source familiar with the discussions.
We can appreciate a well-orchestrated prank as much as the next guy. But being the car nuts we are, we'd implore any would-be prankster to leave cars out of it. TP the guy's house, Saran-wrap the toilet, make a crank call or two if you must. But for the love of all things holy, please leave the cars alone.
The world is filled with curious questions. Why are we here? Why do we hate tomatoes but love ketchup? Why do Americans love crossovers? Why are there 150 brand-new 1997 Dodge Neon models with zero miles on the odometer up for sale in Singapore? That last one is particularly perplexing. Arete Trading Pte Ltd. has somehow managed to get its hands on a small flotilla of pristine Neon models and is currently in the process of parceling them out for the lowly sum of $1,350 each. That means, if you h
What makes Formula 1 stand out above all other forms of motorsport is not the level of competition, and it's not the glitz and glamor. It's the combination of the two. The race action keeps the hardcore fans coming back, while the allure draws in new fans from all walks of life. But the two need to be present in equal measures in order for the formula to work.
The Formula 1 circus is still a little more than a month away from sailing in to Marina Bay for the 2011 Singapore Grand Prix, but an outfit like McLaren isn't accustomed to sitting around and waiting. So they've brought a little bit of Singapore to them.