Less than a decade ago, the Hyundai-Kia Automotive Group was ranked 11th in the world in total sales volume. According to the latest publishing of the Automotive News 2008 Global Data Book, the automaker has impressively passed Honda to take 5th position. To climb six positions in just eight years isn't a simple accomplishment as it required stepping over such global automakers as Fiat, Chrysler, PSA/Peugeot, Nissan, and Honda. Last year, Hyundai-Kia sold 3,961,629 automobiles worldwide (Hyundai sold 467,000, and Kia 305,473 in the United States alone). While they still have a long way before they reach 4th position currently held by Ford (global sales of 5,964,000 in 2007), their move into other markets as witnessed by the luxurious 2009 Hyundai Genesis and the group's favorable June automotive sales (even in a depressed market) demonstrate the increasing strength of the Korean automaker.

[Source: AutoIndustry]

Hyundai-Kia pass Honda to become world's 5th largest automaker originally appeared on Autoblog on Fri, 04 Jul 2008 15:02:00 EST. Please see our terms for use of feeds.

Go Rally! - Citroen rolls out the C2-R2 Max originally appeared on Autoblog on Fri, 22 Feb 2008 09:33:00 EST. Please see our terms for use of feeds.

Singapore is getting ready to host the first night race in Formula One history after the FIA approved the proposed calendar for next year's championship. Race promoters in Singapore got the clearance from the FIA to build the Monaco-style street circuit in May, and things are reportedly moving along well. The spectacle of the flood-lit road race in the Pacific city-state promises to inject some more excitement into what is already held as the pinnacle of international motorsport.

As we had reported earlier, there were a few proposed grands prix that were up in the air, but the motorsport governing body has approved them all. (Yay!) In addition to Singapore, the new event in Valencia, Spain, was awaiting approval. The French Grand Prix at Magny-Cours was under threat, as well. Even the perennial Canadian Grand Prix in Montreal wasn't for sure, as the economies of scale in schlepping the whole F1 circus to North America were eliminated with the cancellation of the race at Indianapolis. In the end all were confirmed, alongside the usual suspects in Australia, Malaysia, Bahrain, Spain, Turkey, Monaco, Britain, Germany, Hungary, Belgium, Italy, Japan, China and Brazil. Only a few dates were changed around by the FIA in the process. Altogether it makes for a full eighteen races, and we're looking forward already.

Follow the jump for the full 2008 FIA Formula One World Championship calendar.

[Source: Autosport]

Continue reading Singapore night race joins 2008 F1 Calendar

Singapore night race joins 2008 F1 Calendar originally appeared on Autoblog on Thu, 25 Oct 2007 17:59:00 EST. Please see our terms for use of feeds.

Ferrari is apparently running out of F1 teams to supply with engines, so it's looking to other racing series altogether for new customers. For the current season, the Maranello-based team had to have the rules bent so that they could supply their engines to not one but two additional teams on the grid (Spyker and Toro Rosso). No wonder then that half of the cars that finished in the points at this past weekend's penultimate Chinese Grand Prix were powered by Ferrari.

Like other single-seater racing series, A1GP, the self-described "world cup of motorsport", uses the same chassis and engines for all the teams. Lola and Zytek have been supplying the cars and power respectively, but with contracts up for renewal, rumors started to fly when Ferrari's sporting director Stefano Domenicali was seen at Silverstone during an A1GP test session. Ferrari has now confirmed that they're in negotiations with the series' organizers.

Rumor has it that the engine deal isn't the only thing A1GP chief Tony Teixeira is discussing with Ferrari, as insiders tip the South African businessman as a potential partner in Scuderia Toro Rosso, which would effectively become Ferrari's B-squad in the developing "super team" saga.

[Sources: F1i.com and autosport]

Ferrari negotiating engine deal with A1GP originally appeared on Autoblog on Mon, 08 Oct 2007 20:03:00 EST. Please see our terms for use of feeds.

BREAKING: Colin McRae dies with son in helicopter crash originally appeared on Autoblog on Sat, 15 Sep 2007 17:11:00 EST. Please see our terms for use of feeds.

Continental has entered the Guinness Book of World Records with a top speed of 242 mph (388 km/h). We're definitely not talking about the behemoth Bentley, as powerful as it is. The record now officially belongs to Continental Tires for its ContiSportContact Vmax, which has been officially certified by those stout-chugging judges as the world's fastest production road tire.

The rubber was tested on the 9ff-modified Porsche 911 that took the world record for the fastest street-legal road car. A custom 9ff cabrio also took the record for the world's fastest convertible with a high end of 237.8 mph (380.5 km/h). Both cars are owned by 9ff chief Jan Fatthauer, and the top speed runs were certified by Guinness.

If you're thinking that the Bugatti Veyron (and the purpose-made Michelin rubber on its wheels) can hit a higher speed, you may be right, but the Veyron has yet to try for the official record, and its tires were specially made for the Bugatti, while the Continentals are offered to the public as standard production road tires. As much as the car's own capabilities, how it makes contact with the road (i.e., its tires) often dictates a car's limits. Just keeping the tires from melting (as they do on the Veyron after just 12 minutes at its 253-mph top speed) is a feat in and of itself.

[Source: Motor Authority]

Continental takes world speed record originally appeared on Autoblog on Tue, 03 Jul 2007 08:34:00 EST. Please see our terms for use of feeds.

The Emirates are gearing up for the opening of FerrariWorld in Abu Dhabi, but they won't have the monopoly for long, it seems. Union Properties, a real estate development company based in nearby Dubai, has secured the rights from Bernie Ecclestone's Formula One Management to construct a series of F1 theme parks around the world.

Wait a second, a series? Not just one? That's right. Union Properties is thinking big, and spending big. The first will be built in Dubai, with construction set to begin soon with a targeted opening date in 2009... right around the same time as FerrariWorld is set to open its doors. The company anticipates signing a deal for the second park some time this year, likely to be constructed somewhere in Europe. A third park in the Far East would be the next location, but Union Properties would be wise to take things one step at a time and take a page out of the Disney playbook. Disney's theme parks steadily grew in size and number over the span of decades, and while parks in Anaheim, Orlando and Tokyo might be raking in the dough (or is that the Dow?), EuroDisney was not quite the runaway success they'd hoped for.

One thing's for sure, Union isn't cheaping out on the cost. The Dubai park is budgeted for $360 million, and the company is borrowing $1.6 billion to build 'em all. This should be interesting.

[Source: GrandPrix.com]

Dubai company borrows $1.6b to build F1 theme parks originally appeared on Autoblog on Wed, 28 Feb 2007 19:34:00 EST. Please see our terms for use of feeds.

Ferrari has grown from a racing team to one of the most recognized brand names in the world over the past few decades, and after targeting the likes of McLaren and Renault on the race track, Ferrari is setting its sights on Disney with its latest project. As we've reported before, the sheiks of Abu Dhabi - who happen to own part of Ferrari - are preparing to begin construction of the Ferrari World theme park. More details are emerging and it's our pleasure to bring you the latest on what promises to be the biggest automotive attraction in the world.

Ferrari World, as it has now been revealed, will include some 24 attractions. Among them will be an F1-themed roller-coaster with two tracks that will race one grid of cars against the other. There'll also be a 70-meter high g-force tower, go kart and dune buggy racing and some sort of pitlane experience.

The project is being built on the Yas Island development, along with the new FIA-spec race track that will host the recently-announced Abu Dhabi Grand Prix, plus beaches, night clubs, restaurants, premium stores, luxury hotels, condos, two marinas, a golf course, a polo field and equestrian facilities.

It may be a bit too soon to start packing your bags - the doors aren't scheduled to open until 2009 - but freeing up your vacation time in advance wouldn't be premature.

Follow the link for more images.

[Source: Car magazine]

It's a Fast World After All: Ferrari World details emerge originally appeared on Autoblog on Mon, 12 Feb 2007 16:25:00 EST. Please see our terms for use of feeds.

There's smug satisfaction and then there's smug satisfaction. And the folks over at Citroen Sport are enjoying some serious smug satisfaction after taking a brilliant 1-2 finish in the Monte Carlo Rally. Taking first AND second is enough to make any team happy, but to compound that, this was the first race for Citroen's factory rally team since returning to the World Rally Championship, and the first race for their shiny new baby, the Citroen C4 WRC.

First place was taken by three-time world rally champion Sebastien Loeb and his co-pilot Daniel Elena. To make the victory even sweeter, Loeb was fresh back at the wheel after recovering from a broken arm. Claiming the checkered flag at Monte Carlo set a new record for Loeb as his 29th career rally win. This was also the fourth time Loeb won in Monte Carlo, tying the record shared by rally legends Sandro Munari, Walter Rohrl and Tommi Makinen.

The second Citroen factory team driven by Dani Sordo took second place behind Loeb and ahead of Marcos Gronholm's Ford Focus. Not a bad day for Citroen and for Loeb, who are off to a great start to claim another championship.

[Source: Citroen]

Loeb pilots new Citroen C4 WRC to victory in Monte Carlo originally appeared on Autoblog on Thu, 25 Jan 2007 08:02:00 EST. Please see our terms for use of feeds.

It's not scheduled to open before 2009, but we're already looking at flights to Abu Dhabi. (Yes, Abu Dhabi, that obscure place Garfield used to send Odie to.) Why? Well, because of a little project underway that'll do a lot to put the place on the map. The project we're talking about is Ferrari World, the high-octane theme park currently under construction in the small gulf emirate. We've reported on the project previously, but new reports suggest the park could now include a world-class F1-spec race track.

The circuit would accompany Ferrari World along with beaches, night clubs, restaurants, high-end stores, luxury hotels, premium condos, golf courses, two marinas, a polo field and equestrian facilities (for those other prancing horses), all on a 6000-acre plot on Yas Island, the largest isle in Abu Dhabi. The park will be linked by a ten-lane highway to the newly-expanded Abu Dhabi International Airport, facilitating the hoards of tourists the oil-rich royal family is anticipating will flock to this new destination.

Don't read too much into the addition of the racing circuit to the plans. While lower-rung racing events (touring cars, GP2, Champ Cars) could be held there, Bahrain has a multi-year deal with F1 Management for the only grand prix in the region (Turkey notwithstanding). When that contract expires, we wouldn't be too surprised if Abu Dhabi put in a serious competing bid. The royal family's business front, Mubadala Development Company, owns significant interest in two F1 teams: Ferrari (5%) and Spyker (17%).

[Source: GrandPrix.com]

F1 circuit to join Ferrari World in Abu Dhabi originally appeared on Autoblog on Thu, 18 Jan 2007 07:02:00 EST. Please see our terms for use of feeds.

The A1 Grand Prix World Cup of Motorsport is in the process of being sold to a consortium of investment firms. Sheikh Maktoum Hasher Maktoum Al Maktoum, literally the biggest name in racing and the founder of the series, is selling all his stock in A1GP for an as-yet undisclosed cash (yes, we said cash) sum.

Maktoum will step down as head of A1GP and a new chairman and director will be named, after which the Maktoum will be focusing his attention on his "other business interests".

The announcement comes at the start of A1GP's second season, currently kicking off at the historic Zandvoort track in Holland. The multi-million dollar transaction will be completed within a month's time, in advance of an anticipated IPO.

The it's-a-small-world-afterall racing series was Maktoum's brainchild, but his departure is expected to help the series grow from a fledgling start-up to a permanent part of international motorsports.

[Source: A1GP.com]

Sheikh-up in A1 GP ownership originally appeared on Autoblog on Sun, 01 Oct 2006 09:23:00 EST. Please see our terms for use of feeds.