Tag Archives: Industry

Skip Barber Racing School files for bankruptcy, seeks buyer

Famed driving instruction academy Skip Barber Racing School on Tuesday filed for bankruptcy. Specifically, the school, which has coached drivers since 1975, filed for Chapter 11 protection with a United States Bankruptcy Court for the Southern District of New York. Chapter 11 allows the company to...

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Japanese automakers band together on hydrogen infrastructure

Eleven firms from Japan's automotive and energy industries are banding together on hydrogen infrastructure. The firms, which include major automakers Toyota, Nissan and Honda, have signed a memorandum of understanding on collaboration toward the large-scale construction of hydrogen stations for...

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Geely agrees to purchase major stake in Lotus, Proton

China's Zhejiang Geely Holding Group, the company that owns the Volvo, Lynk & Co and Geely car brands, on Wednesday agreed to purchase 49.9 percent of Lotus parent company Proton from current owner DRB-Hicom. As part of the deal, Geely will also purchase a 51 percent stake in Lotus. Terms...

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Audi promises fully self-driving car by 2021

Audi has promised to launch a fully self-driving car by 2021. The target date is a popular one as it's close enough to be practical but at the same time far enough that should the target be missed few are likely to remember. Other automakers with a similar target include BMW, Ford...

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Aston Martin to follow Ferrari with IPO?

Aston Martin may be about to follow in the footsteps of Ferrari and launch an initial public offering. People familiar with the matter told Bloomberg that a decision hasn't been made and that Aston Martin is waiting for its 2017 financial results before proceeding further. Should the go-ahead...

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Lamborghini expands plant

Lamborghini delivered a record 3,457 cars in 2016. With the arrival of its new Urus SUV, Lamborghini is predicting the number of deliveries to double. With Lamborghini choosing to assemble the Urus at its home in Sant'Agata Bolognese, some major upgrades are in store for the site. The main...

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