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Oct
25th

F1: German bank asks Bernie Ecclestone to pay back $400M

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From GMM

The German bank BayernLB wants Bernie Ecclestone to repay US $400 million, the Suddeutsche Zeitung newspaper reports on Thursday.

The bank claims that is the amount it lost due to its sale of formula one shares some years ago to the sport's current owner CVC, with the transaction having been subsequently called into question over the Gerhard Gribkowsky corruption scandal.

Suddeutsche Zeitung said BayernLB's lawyers have sent a letter, detailing the extraordinary damages, to F1's billionaire chief executive.

BayernLB claims that, with Gribkowsky allegedly bribed millions by Ecclestone and now providing information to authorities, the now-jailed banker vastly undervalued its F1 shares.


Oct
24th

Ford’s Belgium plant closing could impact U.S. suppliers

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The announcement that Ford will close its Genk, Belgium, plant begins what will be a long, painful road for North American suppliers if they don't react quickly as the European economic crisis deepens, experts say.
Oct
24th

Four Ford Mustangs strut their stuff at SEMA

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We know that at least four Mustang will join the F-150,
Oct
24th

and#8220;Body crashand#8221; uses acrobats to build mangled sedan : Sculpture created to discourage low-level speeding

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The Motor Accident Commission of South Australia is concerned about the negative impact that low-level speeding has on pedestrians.
Oct
24th

Ford said to plan to shut last vehicle-making factory in UK

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Ford intends to close its van plant in Southampton, England, its last vehicle-making factory in the UK, said people familiar with the automaker's plans.
Oct
24th

LG Chem confirms delay at battery plant

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Sluggish demand for electric vehicles has led South Korean battery maker LG Chem to delay the start of production at its new plant in western Michigan.
Oct
24th

Bring a Trailer exclusive: 1970 Lotus Elan S4

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The original Lotus Elan was one of the first commercial successes for the British company. It was produced from 1962 to 1975 and embodied Colin Chapman's and#8220;add lightnessand#8221; credo, with a curb weight of just 1,500 pounds.
Oct
24th

Lotus shifts into automatics with the 2013 Evora S: Autoweek TV

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Also in this episode: Historic military vehicles are set to roll across the auction block in Auburn, Ind., and Mario Andretti
Oct
24th

Daimler cuts 2012 outlook, delays 2013 margin targets

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Daimler AG warned it would miss its full-year profit forecast by about 1 billion euros and delayed its 2013 return targets amid "significantly more difficult market conditions," it said in a statement that appeared to be accidentally released.
Oct
24th

Daimler cuts 2012 outlook, delays 2013 margin targets

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Daimler AG warned it would miss its full-year profit forecast by about 1 billion euros and delayed its 2013 return targets amid "significantly more difficult market conditions," it said in a statement that appeared to be accidentally released.
Oct
24th

1946 Belly Tank Streamliner tribute re-creates Bill Burke’s pioneering hot rod

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Hot rods and customs come in an infinite range of shapes, styles and sizes.
Oct
24th

PRODUCT EYE: Kia Soul Inferno

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Can a Kia be a premium product? In the UK, some of its models are certainly now priced that way. After spending some time with the Inferno edition of the Soul, I see no reason why Mini and DS3 buyers shouldn't be tempted by it.
Oct
24th

Audi RS3 and A3 e-tron

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Audi S3
News 24 Oct, 2012

Audi will expand the new A3 line-up in 2014, with the addition of hot RS3 and plug-in e-tron models

Oct
24th

Ford Racing Raptor Assault school helps you learn to drive, jump and crawl

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There are plenty of high-performance driving schools featuring sporty favorites such as the Mazda Miata,
Oct
24th

Blog: Driving VWs in Brazil

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VW Kombi front
News 24 Oct, 2012

We drive a selection of VWs in Brazil, including the Kombi van, which retires in 2013 after 60 years

Oct
24th

Driving VWs in Brazil pictures

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VW Kombi frontVW Kombi dashVW Kombi boot Pictures 24 Oct, 2012
Oct
24th

GM powers up redesigned V-8 engine for 2014 Corvette

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The next-generation Chevrolet Corvette will be powered by a new 6.2-liter small-block V-8 that will produce more horsepower and torque than the current engine and deliver better fuel economy, General Motors said today.
Oct
24th

Driven: 2013 Mercedes-Benz G-Class

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Driven: 2013 Mercedes-Benz G-Class
Driven: 2013 Mercedes-Benz G-Class - Automobile Magazine
Straying from the suburban path.

As we noted when we first sampled the slightly-revised 2013 Mercedes-Benz G-Class earlier this year, the G's "off-road ability is the only rational reason to choose it over Mercedes' far more modern SUVs." But just what exactly can the G-Class do off-road? Mercedes-Benz invited us to Graz, Austria, to see for ourselves.


Photo Gallery: Driven: 2013 Mercedes-Benz G-Class - Automobile Magazine

Photo Gallery: Driven: 2013 Mercedes-Benz G-Class - Automobile Magazine


Oct
24th

Long-wheelbase stretch Jeep Wrangler spied

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A Jeep Wrangler JK with a third row of seating was recently spied at a suburban Detroit gas station. Wearing manufacturer plates, at first glance it looked like a prototype being tested by the Auburn Hills manufacturer.
Oct
24th

2014 Chevrolet Corvette V8 to make at least 450 hp: New-generation small block uses direct fuel injection, cylinder deactivation

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The 2014 Chevy Corvette will be powered by an all-new 6.
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