Saab bites the dust
Sunday, December 20th, 2009 Posted in Carmageddon, GM, Saab | 10 Comments »"We will work closely with the Saab organization to wind down the business in an orderly and responsible manner. This is not a bankruptcy or forced liquidation process. Consequently, we expect Saab to satisfy debts including supplier payments, and to ...
The bigger they are, the harder they fall
Tuesday, June 2nd, 2009 Posted in Carmageddon, GM, Holden, News | No Comments »The rumours and speculation have finally been fulfilled. General Motors, once the biggest car manufacturer in the world, has now filed for bankruptcy. The good news for Australia's Holden is that it will remain unaffected by the bankruptcy proceedings which only ...
GFC says, ‘No Volkswagen BlueSport for you!’
Monday, May 18th, 2009 Posted in Carmageddon, Volkswagen | 1 Comment »The Global Financial Crisis has seen Volkswagen temporarily shelve plans to put the svelte Concept BlueSport into production. A report on GoAuto quotes a hesitant Christian Haacke, Volkswagen product communications manager, "It is a niche product and especially in crisis times ...
The most expensive car in the world
Monday, May 18th, 2009 Posted in Carmageddon, Ferrari | 1 Comment »This stunning 1957 Ferarri 250 Testa Rossa can lay claim to being the world's most expensive car after an anonymous bidder paid a world record auction price of €9 million (AU$16.2M). The winning bidder, bidding by telephone, boldly told the ...
Sackings force Karmann to file for bankruptcy
Thursday, April 9th, 2009 Posted in Audi, BMW, Carmageddon, MINI, Mercedes-Benz, News, Volkswagen | No Comments »Carmageddon has claimed yet another scalp with news filtering through that body specialists Karmann filed for bankruptcy overnight. Best known for their stunning Volkswagen Karman Ghia coupé, built from 1955–1974, the German coach-builders currently supply components and body work for convertible ...
Porsche gives financial crisis two finger salute
Wednesday, April 1st, 2009 Posted in Carmageddon, Porsche | No Comments »Porsche has given the global financial crisis a two finger salute by posting pre-tax profits of €7.34 billion for the period 1 August 2009 to 31 January 2009. Sounds good on the surface, but... The result is based largely on cash-settled ...
BMW cans Z4M … boooo!
Monday, March 23rd, 2009 Posted in BMW, Carmageddon | No Comments »According to iMotorMag BMW has succumbed to carmageddon and shelved plans for a Z4M. They will, however, offer an M Sport pack that consists of a body kit (a la 135i) and an ECU reflash to liberate a few more ponies ...
MINI axe jobs and reduce production
Monday, February 16th, 2009 Posted in Carmageddon, MINI | 2 Comments »MINI is the latest manufacturer to feel the brunt of carmageddon with news they are set to axe up to 850 jobs from their Plant Oxford facility. An additional 150 workers will be cut from the engine plant about 50km ...
Australian Carrera Cup series fails to launch in 2009
Saturday, February 7th, 2009 Posted in Carmageddon, Motorsports, News, Porsche | 1 Comment »On Thursday it was announced the Australian 2009 Porsche Carrera Cup season would be cancelled due to a lack of cars to fill the grid. Porsche Cars Australia managing director, Michael Winkler, said "to enter the season without a robust grid ...
Mitsubishi waves goodbye to Dakar
Thursday, February 5th, 2009 Posted in Carmageddon, Mitsubishi, Motorsports, News | No Comments »The Global Financial Crisis has claimed its latest motorsport scalp with Mitsubishi quitting its Dakar Rally program. The withdrawal goes further and brings an end to Mitsubishi's involvement in all cross-country rally events. Mitsubishi Motors Corporation says the global economy has ...
Honda Racing F1 Team still for sale
Sunday, January 4th, 2009 Posted in Carmageddon, Formula 1, Honda | No Comments »Despite earlier reports that Mexican tycoon Carlos Slim Helú had saved Honda's Formula One outfit, the British based team is still looking for a buyer. Speaking to the Telegraph in the UK, Team Principal Ross Brawn said "We would love it ...
Top Gear - Series 13 (now with budget cuts)
Wednesday, December 31st, 2008 Posted in Carmageddon, News, Top Gear | 60 Comments »Internet speculation suggests the next series of Top Gear will return in March June 2009. What is not speculative, though, is news that Series 13 will be produced for less coin due to BBC budget cuts. Speaking on his blog, Executive ...
Toyota leaves TRD out in the cold
Saturday, December 20th, 2008 Posted in Carmageddon, News, Toyota | 2 Comments »It is just over 12 months since Toyota Australia was proudly boasting it was launching the first production cars in the world to wear the TRD nameplate. Yesterday the company announced the TRD performance brand will be dropped. Another scalp ...
Subaru withdrawal creates World Rally Crisis
Tuesday, December 16th, 2008 Posted in Carmageddon, Motorsports, News, Subaru | 8 Comments »More news to shock to the motorsport world with confirmation that Subaru has pulled out of the World Rally Championship, with immediate effect. Speaking at a press conference on Tuesday, Chief Executive of Fuji Heavy Industries (Subaru's owner), Ikuo Mori said, ...
Honda walks out on F1
Saturday, December 6th, 2008 Posted in Carmageddon, Formula 1, Honda, News | 7 Comments »"We, Honda Motor Co., Ltd., have come to the conclusion that we will withdraw from all Formula One activities, making 2008 the last season of participation." And with those words, Takeo Fukui, the chief executive of Honda Motors, confirmed the rumours ...
