You are not Logged in!
Do you want to Login or Register
Request New Password

Although media calls current world economic situation as crisis, a number of events prove that in some respect people live as they used to without looking back at the economics downfall. The last Ferrari Leggenda e Passione event has proven that the most wanted cars are still desired and people are ready to pay for them no matter how high the price would be.
The Ferrari auction took place in Maranello, Italy, where the sales were conducted by RM Auctions and Sotheby’s. The attention of the publics was drawn to one of the biggest legends of the racing world, 1957 Ferrari 250 Tesla Rossa. This car is very rare: it is one of the 22 “examples” built by the manufacturer in Maranello in 1957-1958. Nick-named “pontoon fender” Tesla Rossa has taken part in 19 races from 1958 to 1961 and won 10 of them.
Last year Ferrari Leggenda e Passione auction has already set the record of the most expensive car: a 1961 Ferrari 250 GT California has been sold then for $11 million. This year the audience priced 1957 Ferrari 250TR for more: the car was hammered down for $12.2 million.
Somebody decided to make an unexpected show in Turin, Italy, and delivered one of rare and most expensive cars ever, Lamborghini Reventon, by a military helicopter to a roof of a building.
BMW has officially announced that it is going to make new series of small, front and four-wheel drive vehicles on a new platform. These autos are going to share it with the next generation of Mini models. At this time the company is “exploring the possibility of developing a joint venture for the front- and four-wheel-drive systems of these cars”.
Since there have been a lot of talks and unpleasant issues after the major Toyota recall, National Highway Traffic Safety Administration has decided to set new auto safety rules which would not allow the same problem to happen again. At the congressional hearing two days ago, the new administrator, David Strickland, has announced them.
Daimler AG has announced that is sold 5.34% of the stake in Tata Motors. The German company has raised more than $400 million for the shares it did not want to hold any more.
BYD is the Chinese battery and EV specialist which has recently decided to form a joint venture with the German Daimler AG. Although the companies are going to work together on many projects, Chinese media has announced that BYD is not planning to share its core technology on lithium-ion batteries and EV systems with the partner.