If you saw Top Gear last weekend you’d have witnessed the new four-door Porsche Panamera. The team raced the new Porsche against the Royal Mail. The new Porsche is causing a lot of excitement among lovers of fast cars, and Porsche say that they have nearly 3,000 advance orders for their new car.
The new Porsche Panamera won’t get anywhere near a showroom for another two months, which shows the level of interest they have generated with the four-door car.
One interesting fact that Porsche have revealed in relation to their new model is that somewhere in the region of 80
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Three thousand advance orders for new Porsche Panamera
Monday, July 20th, 2009Old and new Ferrari cars at the Concours d’Elegance
Saturday, July 11th, 2009The Concours d’Elegance, which takes place at Pebble Beach, California, on August 16th this year will play host to a wide range of cars, new and old. In addition to the much awaited debut of the new Bentley Arnage, the show will also feature a huge collection of Ferraris. Some of the Ferraris are extremely rare, and some are new Ferrari cars.
Among the rare Ferraris to be shown at the event are the last four Ferrari TR 59 racing cars remaining in the world today. There will also be ten 1949 166 MM Touring Barchettas, a car that is
Tycoon gives up new Aston Martin
Friday, July 10th, 2009Irish business tycoon Breifne O’Brien has been forced to give up his new Aston Martin, costing €180,000, because of bad debts that he can’t afford to pay. O’Brien is being investigated for his part in a pyramid scheme and while the investigation is underway, his assets have been frozen and his new Aston Martin has been repossessed to pay off his debts.
It’s not just his expensive car that has gone; he has also lost his art collection which is said to be worth in the region of €50,000. This has been taken to be sold off.
The Aston Martin DB7
No new Aston Martin team in 2010 F1 season
Thursday, July 9th, 2009Rumours of a new Aston Martin team for the 2010 F1 season have been quashed as the FIA overlooked the classic racing pedigree of Aston when selecting the three new teams for next season.
The FIA announced that next season’s Formula One starting grid would be extended to include 26 cars, offering an extra three team places. Over ten teams applied for the positions, including Aston Martin and Lotus, but the FIA overlooked them in favour of Campos, USF1 and Manor GP.
The rejected teams have complained alleging that this was only because the teams selected were selected because they agreed
Porsche to make an electric car?
Thursday, July 2nd, 2009The very notion that a new Porsche should be produced with a diesel engine is enough to turn most petrol heads green with nausea, so imagine how the idea that Porsche could be producing an electric car would be received. It hasn’t stopped the troubled German car manufacturer though, as they’re rumoured to be deep into developments on a new Porsche 911 that runs on electricity.
Jeremy Clarkson will be pleased!
The idea was openly discussed recently by Wolfgang Durheimer from Porsche, even though no specific details were revealed about the project.
Of course, even if Porsche does produce an electric Porsche
Porsche turns down VW offer of a merger
Thursday, July 2nd, 2009The prospect of a new Porsche / Volkswagen super company has been thrown out by the former after VW suggested a merger to save the indebted German car maker. Porsche is currently heavily in debt after it borrowed substantially in order to fund a would-be takeover of VW, a takeover which it is unable to complete.
As a result of the debt, Porsche has approached the German government looking for a loan to bail it out, but the government is expected to turn down Porsche’s request. Also, due to the recession, sales of new Porsche models have been down, further
New Bond Girl needed in Huddersfield
Wednesday, July 1st, 2009Most girls grow up dreaming of becoming a Bond girl. There’s something about the exotic locations, the expensive clothes, the fast cars (such as the new Aston Martin DBS in the latest Bond movie) and of course James Bond himself.
What you wouldn’t expect from being a Bond girl however is a trip to Huddersfield. That’s just what the lucky (ish) winner of a Bond girl hunt has in store for them. The Huddersfield town centre Piazza is looking for a Bond girl to take part in their James Bond road show, which takes place at the end of July,
F1 season saved for 2010
Tuesday, June 30th, 2009The future of F1 had been in jeopardy for some time, with many of the teams, including Ferrari, threatening to leave Formula One and form their own breakaway league. However, on Wednesday June the 24th the future of F1 was saved when the FIA agreed to the terms laid down by the Formula One Teams Association.
The main cause for contention was the proposed budget cap of £40 million for each F1 team, which Ferrari were particularly set against as the development of their new Ferrari F1 car would have been hindered. The FIA president, Max Mosley, has now agreed
Used prestige cars going up in value
Friday, June 26th, 2009According to figures from one of the UK’s leading traders in prestige used Aston Martin cars, used Ferrari cars and other high end models, demand for exotic cars has increased so much that the value of the cars is actually increasing.
From their June sales figures, demand for high end cars is up in spite of the recession and struggling UK and global economy. There has even been competition among buyers for top end cars, even for cars over six figures, meaning that prices have been rising.
Cars such as a used Bentley Continental GT 6.0 Convertible and a used Bentley
Porsche won’t be saved by Daimler insist investors
Thursday, June 25th, 2009Investment bankers and analysts remain sceptical over the proposed move by Daimler to invest in the debt ridden German car company, Porsche. Many investors believe the proposed move, or even just rumours of the move, have been spread to force the hand of the Qatar Investment Authority who have been approached by Porsche with a view to investing €2.5bn in the company.
Daniel Schwarz, an analyst with Commerzbank stated about the proposed Daimler move:
“Based on earlier statements by (Daimler Chief Executive Dieter) Zetsche and the pressure on Porsche to find fresh equity, we see an agreement with Qatar as more