Automobiles

Alfa Romeo to return to US market

Alfa Romeo to return to US market with 4C Sports Car Fiat SpA (MI:F)’s Alfa Romeo division is a step closer to its return to the US market on registering the brand of its 4C compact sports car, the unit’s 1st model targeted for sale in the country in almost 20 yrs. The 4C is [...]

China F1, Rosberg and Mercedes Win, Pics, Video

Nico Rosberg wins for Mercedes in China on Sunday. Jenson Button was second for Mercedes-powered McLaren, 20.6 seconds behind, with team mate and compatriot Lewis Hamilton third for the third race in a row to take the championship lead. Australian Mark Webber was fourth for Red Bull with double world champion team mate Sebastian Vettel [...]

F1 China Preview, Pics, Video

The drivers of Formula 1 return to the track at Shanghai International Circuit Sunday, 15 April in the Chinese Grand Prix. Ferrari’s Fernando Alonso earned the victory at Sepang International Circuit last time out, taking the checkered flag in the Malaysia Grand Prix. Sergio Perez of Sauber-Ferrari surprised with a 2nd place finish in Malaysia, [...]

Ferrari, Alonso and China F1

Ferrari’s Alonso stays low key ahead of F-1 Chinese Grand Prix Ferrari driver Fernando Alonso is keeping a low profile ahead of the Chinese Grand Prix in Shanghai, saying Ferrari’s car is not fast enough in normal races. “I think it’s going to be a tough weekend for us here,” Mr. Alonso said at a [...]

Read More » Comments Off April 13, 2012

The Dragon Horse Ferrari

China have been snapping up Ferrari models for 20 years now, and the Italian automaker is marking the anniversary with the introduction of a special-edition 458 Italia. Dipped in a new Marco Polo red and swaddled in a “dragon-horse” livery with gold imagery and black stripes, the vehicle is supposed to pay homage to Chinese [...]

Read More » Comments Off April 10, 2012

F1 IPO in Singapore

F1 owner seek US$2-B + from Singapore IPO CVC Capital Partners Ltd. to seek more than US$2-B from an initial public offering of the Formula One auto-racing series. The private equity firm may sell a stake of about 20% to raise that amount. CVC wants to conduct the sale in Singapore as early as June, [...]

Read More » Comments Off April 10, 2012

Ferrari Sale in Monaco

RM Auctions Monaco Sale is the place to be for Ferrari Lovers. RM Auctions’ eagerly-awaited biennial event in Monaco returns, coinciding with the 8th Grand Prix de Monaco Historique. Extended to two days, this auction will once again present some of the most exciting motor cars in the world to serious collectors and discerning enthusiasts [...]

Audi, BMW, Mercedes-Benz Sales in China

Audi, BMW, Mercedes-Benz sales in China remain strong. German carmaker Audi AG announced last Thursday that its sales in China in the first quarter rose by 40 percent year-on-year to more than 90,000 vehicles. “This figure sets a new record. Audi just had its most successful quarter ever in China,” Peter Schwarzenbauer, the company’s board [...]

New Bentley GT-V8

Bentley Motors announced pricing for its V-8-powered versions of its Continental GT at the New York Auto Show. The British luxury brand sports motor car will offer the Continental GT V8 at US$174,000 and the DropHead GTC will be on offer at US$191,400. They are both smashing motor cars, the V-8 is not thrifty when [...]

Ferdinand Porsche, Creator of 911 Dies

Ferdinand Porsche, creator of 911, dies at 76 anni Ferdinand Alexander Porsche ,76 anni, the designer of the original version of the iconic 911 Sports Car, died today in Salzburg, Austria. “As creator of the Porsche 911, he established a design culture that molds our sports cars today,” Matthias Mueller, chief executive officer of Porsche [...]

Investor Services

Private Equity Takes a Hit in Q1 2012

Most private-equity and hedge funds typically take 20 percent of investment gains as carried interest, on top of 2 percent of assets as a management fee to …