► New pack hardens the softer 570 model ► Costs an additional £4900 ► Stock 570GT list price: £154,000 When the McLaren 570GT was first unveiled, the thinking behind the new supercar was simple. If you wanted the style and performance of the 570S, but fancied a more comfortable ride, the 570GT was for you. At least that was the idea. Announced today, McLaren has unveiled a brand new S Handling Pack which makes the 570GT a little harder and stiffer - a bit like the 570S all over again... Yes, that’s correct. The new new pack is designed to give the softer 570GT a sharper feel, much like the 570S it’s based on. McLaren says the new pack will add a further £4900 onto the 570GT’s £157,000 asking price, and includes new uprights, harder springs (15% firmer on the front and 10% at the rear) and quicker steering. On the wheels, new Pirelli P Zero Corsa tyres replace the stock 570GT’s P Zeros, while ceramic brakes are ticked, … [Read more...] about McLaren 570 GT: new S Handling pack makes it like the 570S all over again
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There's no better time of year than right now to talk about toys -- specifically, the expensive automotive toys that car collectors have amassed.This year, The New York Times wrote about a fascinating demographic phenomenon: aging baby boomers with lots of collectibles they intended to pass down to their children. The problem, The Times found, is that those children didn't want the stuff.Turns out, it's kind of a trend -- one that's hit my own extended family over the last decade. But it also left me wondering about whether today's collectible cars could become tomorrow's Lladro figurines. Ex-Michael Schumacher F1 car brings $7.5 million at auction An F1 car piloted to victory by Michael Schumacher at the 2001 Monaco Grand Prix brought an impressive $7,504,000 at a contemporary art auction in New York late last week, held by RM Sotheby's. ... The folks at The Hagerty Group, the classic car data analytics and insurance company, … [Read more...] about The murky future of collectible cars
From the December 2017 issue The 20th century dominance of American car companies, thanks to corporate oligopoly and labor monopoly, started eroding with the Japanese invasion of the 1970s and 1980s. In this century, they have careened from vestigial dominance to historic bankruptcy (Ford alone escaped) to remarkable recovery and—recently—to frustration and humiliation at the hands of a Silicon Valley upstart. For much of 2017, investors valued Tesla higher than General Motors, Ford, and Fiat Chrysler Automobiles even though, in 2016, GM sold more cars every three days than Tesla sold all year. This roller-coaster ride isn’t over. The industry is going through four simultaneous revolutions: propulsion, connectivity, automation, and community (meaning ride services like Uber). The four portend an era of continuous change, even if people don’t forgo car ownership en masse. Many people already have the same emotional bond with cars as they now have with … [Read more...] about Detroit Automakers Are Driving in Different Directions Toward the Tech-Filled Future
Yes, it looks as interesting in real life as it does on your flat screen. Honda says its new P-Nut design study (short for Personal-Neo Urban Transport) was created “exclusively around the city lifestyle” and embodies what it thinks is the future of urban mobility. Designed entirely at Honda’s Los Angeles-based Advanced Design Center, it sports a 133.8-in. length, 68.9-in. width, and 56.7-in. height. Its three passengers have equal amounts of legroom thanks to the driver’s front and center seating position. Although a design study, the P-Nut manages to shed an inkling of light on what Honda hopes to achieve in terms of future model powertrain interchangeability. It’s capable of being powered by an ultra-compact gasoline engine, gasoline-hybrid motor, or an advanced EV system. Its styling is said to preview upcoming models such as the CR-Z sports coupe. For more on the 2009 Los Angeles Auto show, CLICK HERE for our complete coverage. … [Read more...] about 2009 LA: Is Honda’s P-Nut Design Study the Future of Urban Mobility?
The leaves are starting to turn, but the future of the Volvo C70 convertible could be a bit frosty: Volvo announced it will close the convertible’s assembly plant in Sweden in 2013. The plant in question is located in Uddevalla, Sweden, and is dedicated to producing the C70 convertible. It’s co-owned by Volvo Cars and Italian design firm Pininfarina S.p.A. While a partnership like this could spell success, the plant is only producing 10,000 cars a year, about 65 percent of its production capacity and well below the volumes it would need to be profitable. As such, Volvo announced today it will buy out Pininfarina’s stake in the Uddevalla plant and close it in 2013. Will this mean the end of the quirky Swedish drop-top? No one is quite sure. Volvo Car Corporation CEO Stefan Jacoby said in a statement that “we will now look into when a next generation Volvo convertible can be on the market and where it should be manufactured.” Volvo Cars of North America … [Read more...] about Volvo C70 Assembly Plant to Close, Future Unclear. Should it Survive?
By Alastair SharpTORONTO — A Canadian investment fund will launch the world's first "future car" exchange-traded fund on Friday, giving investors one-stop access to companies involved in electric, autonomous and connected-car supply chains.The Evolve Funds Automobile Innovation Index ETF includes Tesla and other automakers spending heavily on self-driving ambitions as well as battery makers, semiconductor companies and other players to help investors trade on the major changes affecting the automotive industry."Five years ago we didn't have the blind-spot checker, the lane assist, and now you've got parking assist; technology has been getting integrated into vehicles to make them safer, it's just going to intensify," Evolve Funds Group CEO Raj Lala said in a phone interview.The 32 equally-weighted stocks that make up the fund's initial cohort also includes suppliers such as Delphi Automotive Plc and Visteon Corp, semiconductor companies Cirrus Logic Inc, Infineon Technologies AG … [Read more...] about First-ever ‘future car’ ETF launches: ‘There’s a lot of investor appetite’
The S&P ratings agency has put both GM and its GMAC financing arm on its lowest possible rating: “creditwatch,” with negative implications. CNBC reports that “The ratings agency said the move reflected the rapid weakening of most of the world’s auto markets. It added that capital conditions in the sector would remain challenging for the ‘foreseeable future.'” The move follows hard on the heels of tumbling GM’s share price, pushed downwards by a weak overall market and the removal of a federal ban on “short selling” the automakers stock. The fact that Citigroup cut GM (and Ford) to “sell” ratings yesterday didn’t exactly help investor confidence, either. The next step– as predicted by TTAC’s Ken Elias— GM will be removed from the Dow Jones Industrial Average. From there it’s a relatively short trip to bankruptcy court. You know things are bad when CNNMoney/Fortune’s Alex Taylor III … [Read more...] about S&P Puts GM On Credit Watch. Next Step: Default
At about the same time Barack Obama was figuring out where to store his paper clips and Post-it notes in the Oval Office, Fiat S.p.A. and Chrysler LLC were busy trying to inaugurate a new partnership that almost no one saw coming. News that Fiat will take a 35-percent stake in struggling Chrysler (the majority of which is owned by Cerberus Capital Management) could not come at a better time. If any of Detroit’s Big Three would fall, Chrysler would be the first, and this alliance at least gives the Pentastar a glint of hope for survival. A dearth of new product suggested that Chrysler was merely buying time before the creditors came knocking or its government loan money ran dry. Even with the $4 billion it received last month from the U.S. government, Chrysler’s near-term prospects for recovery appeared slim to none. Some might say they still appear that way. With little in the way of global sales to generate cash flow—unlike, say, … [Read more...] about Chrysler and Fiat Alliance: Future Product Speculation
Then Peter opened his mouth, and said, Of a truth I perceive that God is no respecter of persons; But in every nation he that feareth him, and worketh righteousness, is accepted with him. Some of you will immediately recognize that as Acts 10:34-35. The rest of you are heathens who have no business in a civilized society. I’m just kidding, of course; in the future, do what thou wilt shall be the whole of the law.The phrase “respecter of persons” won’t be immediately obvious to people without a classical education so allow me to elaborate. To pay respect to someone’s person was to give them the courtesy due their rank. It’s odd to think that once upon a time children were exhaustively drilled in proper titles and modes of address and whatnot, but that’s just the way it was. Woe betide the poor prole who referred to someone as “Your Grace” instead of “Your Highness” or something like that.We’re now seeing a bit of … [Read more...] about Ask Jack: R-E-S-P-E-C-T?
Faraday Future, the other, other bespoke electric luxury carmaking startup said they’ll show off their concept for the “future of mobility” next month at the Consumer Electronics Show in Las Vegas.The automaker’s website sports a clock counting down to 7 p.m. (Pacific) Jan. 4, 2016, for the automaker’s unveiling. The company has made several high-profile hires, including head of engineering Nick Sampson who helped Tesla design chassis for their cars, according to The Verge.In an interview with the website, Sampson said the company expects to roughly double from 400 employees now and challenge other automakers soon. The company announced last month that its looking to invest $1 billion in a factory in California, Georgia, Louisiana or Nevada.Other efforts from electric startups such as Fisker (now Karma) and Think City largely stalled when economic realities of building electric cars set in. Tesla, the poster child for electric car startups, … [Read more...] about Faraday Future Has An Electric Car to Show Next Month At CES