REVIEWS

VW CEO says it would 'have to consider' tapping markets for Porsche IPO

Posted in REVIEWS on July 31, 2021

FRANKFURT — Volkswagen boss Herbert Diess dodged questions about a potential initial public offering of Porsche AG, saying only that any steps to tap capital markets would have to be carefully considered. "As I said, we continue to review our set up. First priority is now to finance the battery ramp-up where we try to partly externally finance and we are working out the models," Diess told analysts after presenting first-half results. "And all the Read More »

Verstappen determined to deny Hamilton a 100th win in Hungary

Posted in REVIEWS on July 31, 2021

Lewis Hamilton can become the first Formula One driver to win 100 races but Red Bull's world championship leader Max Verstappen intends to be the one celebrating in Hungary on Sunday. Hamiiton has won eight times at the Hungaroring, a record he shares with fellow seven times world champion Michael Schumacher for most wins at the same grand prix. The Mercedes driver's 99th victory, at his home British Grand Prix 10 days ago after a Read More »

Rivian negotiating with British government for UK factory

Posted in REVIEWS on July 31, 2021

Amazon-backed electric vehicle start-up Rivian Automotive is in talks with ministers about building a factory in the UK that could include a big state support package, Sky News reported on Saturday. The company, which is also backed by Ford, has been in negotiations with the British government for weeks about the construction of a plant near Bristol, the report added. The talks are not yet at an advanced stage but any investment decision would likely Read More »

Junkyard Gem: 1992 Alfa Romeo 164S

Posted in REVIEWS on July 31, 2021
Tags:

Even after Citroën, Fiat, Renault and Peugeot departed the United States (in 1975, 1983, 1988 and 1991, respectively, though Malcolm Bricklin continued to sell Fiat 124 Sport Spiders and X1/9s with Pininfarina and Bertone badges for a few more years), Alfa Romeo managed to hang on all the way through 1995. The final Alfa Romeo models available here (prior to the brand's return to our shores in 2009) were the old-school Spider Veloce sports car Read More »

Los Angeles air traffic control: 'Jetpack guy is back'

Posted in REVIEWS on July 30, 2021

"We were looking but we did not see Iron Man," reported one pilot after the alert. (Industrial Light and Magic) LOS ANGELES — The FBI is investigating what one commercial airline pilot said might have been an airborne person with a jetpack, high in the busy skies near Los Angeles International Airport. The Los Angeles Times reported that the Boeing 747 pilot radioed to report “a possible jetpack man in sight” at around 6:12 p.m. Read More »

Daimler to keep 35% stake as truck division goes solo

Posted in REVIEWS on July 30, 2021
Tags: ,

FRANKFURT — Daimler will keep a 35% stake in the trucks division it plans to spin off this year, the luxury carmaker said on Friday, giving more details on a landmark corporate split it hopes will boost share values. The spinoff of Daimler Truck Holding AG as a separate listed entity, first announced in February, will be voted on by Daimler shareholders at an extraordinary general meeting on Oct. 1. They will receive one share Read More »

F1's Bottas edges Hamilton in sweltering Hungarian Grand Prix practice

Posted in REVIEWS on July 30, 2021

Valtteri Bottas knocked Formula One championship leader Max Verstappen off the top of the timesheets to set the pace ahead of Mercedes teammate Lewis Hamilton on a sweltering opening day of practice at the Hungarian Grand Prix. The Finn lapped the 4.3-km long Hungaroring track in 1 minute, 17.012 seconds on a day that track surface temperatures climbed above 140 degrees Fahrenheit. Hamilton was hot on his heels ending up just 0.027 seconds off the Finn's Read More »

New Michael Schumacher doc hits Netflix in September

Posted in REVIEWS on July 30, 2021

The Michael Schumacher documentary that first surfaced back in 2019 is headed to Netflix later this year. It will cover the seven-time Formula One champion's life — racing and otherwise — from the beginning to the end of his career(s). According to Racer, it is the only such documentary made with the family's blessing.  The doc will feature interviews with members of the family, including Schumacher's wife, father and brother. Several high-profile F1 figures and Read More »

1954 Glöckler-Porsche 356 takes fringe Porsche history to Monterey

Posted in REVIEWS on July 30, 2021

Porsche's factory team took its first international win at the 1951 24 Hours of Le Mans with a 356 Gmund SL Coupe, but privateers throughout the 1950s contributed the majority of wins and podiums. One such garagiste was Walter Glöckler, a Volkswagen and Porsche dealer as well as motorcycle and car racer in Frankfurt. With engineer Hermann Ramelow, Glöckler built seven custom racers, six of them using VW and Porsche parts hung off the pair's Read More »

Chevrolet revives the big-block V8 for its 2022 COPO Camaro

Posted in REVIEWS on July 30, 2021

The COPO Camaro returns for 2022 with a big-block V8 option, repositioning the purpose-built drag racing nameplate that was inspired by the street-legal COPO package originally offered back in 1969.  The 572-cubic-inch monster is the largest (but at 430 horsepower, the least potent) V8 in a lineup that also includes a 580-horsepower supercharged 350ci and 470-hp naturally aspirated 427ci. Conveniently, the big-block comes in at an appropriately lower price point, starting at just $105,500; the Read More »