Don't go getting too excited, it probably won't mean a crate version of the S65 or N54 for Roundel fans. Running an automaker is expensive, especially a manufacturer that leans more toward niche status than casting a wide net. BMW is looking at all options for future revenue, and one of the thoughts that's occured to the well-respected manufacturer of cars with chutzpah is to bank on its engineering chops and sell engines to other carmakers. Lotus has pimped themselves out for years to other aut
Take this for what it is, a rumor about which General Motors and DaimlerChrysler have refused to comment. According to a report today in German magazine Manager Magazin, DaimlerChrysler is in talks to sell its Chrysler Group division to GM. The magazine cites sources within DaimlerChrysler as saying that talks are in full swing but at an early stage. Dieter Zietsche, CEO of DaimlerChrysler, refused to comment on the report when asked at this morning's press conference where the company's
You may remember reading our original post on this Lotus Elise and feeling the abject horror that accompanies the site of such a car pointing towards the sky. Well, the owner has decided to salvage what he can from the debacle that saw his beloved Elise tumble from a mechanic's lift by selling it on eBay. Actually, he's really selling it because a bad motorcycle accident left his leg not strong
GM revealed today that it's "considering strategic options" for one of its more well known subsidiaries, Allison Transmission, which produces automatic trannies for both commerical and military sale. In boardroom-speak, that means they want to sell it off. GM's turnaround has been aided so far by its strategy of selling non-essentials like the stakeS it held in both Subaru and Suzuki, so we're not particularly surprised to see a For Sale sign on
That Porsche owns a significant stake in the Volkswagen group (and all its subsidiaries) is no secret. In fact, Porsche is even in the process of increasing its stake. Oddly, though, little seemed to be done to minimize the competition presented to Porsche products by those of VW divisions: Lamborghini Gallardo vs. Porsche 911 Turbo, Audi TT vs. Porsche Boxst
Ford Motor Company continues its effort to pare down and get lean (anybody wanna buy Aston Martin?) by announcing today that it has "begun the process of exploring strategic options for Automobile Protection Corporation, with particular emphasis on a potential sale of the business." That's PR speak for "We already took an ad out in the Tradin' Times".
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.