Lola MG LMP675
Corporate Business

Lola Cars Enters Administration

Lola Cars has announced that it is going into financial administration as it continues to search for possible investors. The group, which was formed in 1958, said the latest economic downturn has caused a serious cash-flow problem that had forced it into making the decision. It also blamed the move on the HMRC not paying ongoing R&D tax credits. “It is with enormous regret that a decision has been taken to issue Notices of intention to appoint an Administrator to Lola Cars International Limited and Lola Composites Limited,” said Lola in a statement. “This step allows the board to continue its discussions with possible investors and prospective purchasers with a view to securing the best outcome for the staff, creditors and customers of both businesses.” Lola creations have claimed five LMP2 Le Mans 24 Hours titles since 2000. The company […]

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MG

MG Icon Wins Design Award

The MG Icon has been awarded the ‘Best Concept’ title at the Beijing Motor Show, following its world debut in China. The MG Icon beat the Lamborghini Urus, Mercedes-Benz Concept Style Coupe and Honda Concept C in scooping the award. The MG Icon is the first SUV concept car from the company and was created by the MG global design team headed by British director Anthony Williams-Kenny. The designers are said by the company to have taken inspiration from some of the brand’s most famous sports cars including the MGA and MGB GT. Williams-Kenny said: “The MG brand has a unique set of values and heritage and allows us to offer individual design values to our products. The MG Icon represents our vision of a modern MG and we feel that the small SUV canvas demonstrates MG’s capacity for progressive […]

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Highlights

Bentley Returns to Le Mans

British luxury car maker Bentley recently recruited Graham Humphrys, who designed the 1999 Le Mans 24 Hour-winning BMW. It’s seen as a major step for Bentley making a possible return to the world’s greatest endurance race, the Le Mans 24 hours. Bentley, now owned by Volkswagen, have recruited Graham Humphrys who designed the BMW V12 LMR at Williams Motorsport which was victorious 13 years ago at Circuit de la Sarthe in France, venue for the world’s greatest endurance race, the Le Mans 24 Hours or the 24 Heures du Mans as it is known in France reports Autoweek. The new Bentley project team also includes John Wickham who was Bentley’s team director a decade ago. Brian Gush, who is director for chassis and powertrain development at Bentley, but whose responsibilities also include motorsport, is reported as saying, “Graham is helping us […]

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Classic Cars

Silverstone Classic 2012

This year’s Silverstone Classic, 20-22 July, looks to be the most entertaining and action-packed yet. Staged at the world famous Silverstone Circuit in Northamptonshire just two weeks after the Santander Formula 1 British Grand Prix, the Silverstone Classic is already established as the world’s biggest classic motor racing festival – and this summer’s event is all set to break yet more records. Once again both Silverstone’s National and new International Wing pits and paddock complexes will be maximised to house more than 800 of the world’s finest historic racing cars with a packed schedule of races all staged on the full Grand Prix circuit. Adding to the spectacle more than 7,000 classic cars will be displayed over the weekend on the infield with many hallowed marques celebrating important milestones in their evocative histories. Other highlights include live rock concerts, a […]

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Corporate Business

Lotus Set to Resume Production

Lotus Cars says it has secured enough investment from its new Malaysian owner, the automotive giant DRB-Hicom, to restore full car production at its Hethel, UK assembly plant in the next few days, and continue build-up to the launch of the first of its new-wave models, the Esprit supercar due in showrooms before the end of 2013. A four-model, five-year plan devised by CEO Dany Bahar has had to be amended because a 60-day financial “freeze,” a routine occurrence when Malaysian firms sell major assets, has interrupted the flow of agreed development funds and introduced considerable production delays. The resumption means that from beginning of May Lotus should be making Elises, Exiges and Evoras at a combined rate of 44 cars a week, and will be continuing to to spend on the development of the Esprit, especially its own-design V8 […]

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Corporate Business

Jaguar’s New Roadster

Jaguar is invoking its iconic E-Type roadster to challenge Mercedes and Porsche with its first two- seat sports car in almost four decades. The F-Type, due to be unveiled in September and go on sale as soon as next April, will be Jaguar’s smallest auto in more than a half-century as the marque seeks a return to its sporting tradition following decades spent focusing on luxury sedans. What’s more, it has been confirmed that the roadster will be built on English soil in Birmingham. “If the product can do what the original E-Type did for Jaguar, it will be a huge boost,” said Peter Schmidt, managing director of Warwick, England-based Automotive Industry Data. “What they’re doing is laudable, it’s good for the brand and it’s good for the image. But nobody should expect miracles.” The E-Type, introduced at the 1961 Geneva […]

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Highlights

London Low Carbon Motor Show

Saturday 5th May saw doors open at London’s ExCeL to Ecovelocity, the low carbon motor show, which showcases the latest in eco technology from both mainstream and specialist automotive manufacturers. Motorists looking to change their car for a greener cleaner vehicle can test drive the latest eco cars from Vauxhall, Peugeot, Mia, Honda, Nissan, Citroën and Chevrolet. The show provides visitors with the opportunity to view the current and future options for more environmentally responsible motoring, gain an understanding of the technology and processes involved in developing low carbon vehicles and an insight into the benefits of owning one. Unique to Ecovelocity is the chance for motorists to actually get behind the wheel. Giles Brown, organiser of EcoVelocity commented, “Visitors to EcoVelocity this year are able to test drive numerous  low carbon vehicles, including hybrids, electric vehicles and range extenders on the […]