Historic Jag could go for £ 9m

Classic car  1950s Jaguar D-Type is listed for sale at auction for £9 million, sold by  Ex- F1 supremo and legendary motorsport mogul Bernie Ecclestone on January 18, 2018, by Sotheby. In the 1920s as a young car dealer, he shifted the 170mph D-type for just £3,500. This model is now one of the world’s most…

Mercedes recalls 400, 000 cars

Mercedes-Benz has announced a recall of 400, 000 cars including A, B, C, E-Class and CLA, GLA and GLC models built between November 2011 and July 2017,  in the UK over fears airbags could deploy in error. Daimler-owned Mercedes spokesperson said “ If the steering column module clock spring is broken, the driver airbag warning…

Chopard’s first minute repeating watch

Chopard unveiled “The Full Strike”, its crown-operated first-minute repeating watch, with sapphire gongs and a slew of patents on security devices to ensure the watch does not break when it is mishandled. The 21-year-old manufacturer chose the design to be least complicated. This is the first time we’ve heard a Chopard minute repeater strikes the…

Toyota to invest £240m in its UK factory

The Japanese carmaker Toyota is to invest £240m in its UK factory at Burnaston plant near Derby, which made 180, 000 vehicles last year, including the Auris and Avensis models. The factory employs about 2, 500 people, and another 590 at Toyota’s engine plant at Deeside, North Wales. Johan Van Zyl, chief executive of Toyota…

Daimler won’t have bigger stake in Aston Martin

Loss-making British Luxury brand, James Bond carmaker, Aston Martin reported its sixth consecutive annual loss but said its latest DB11 equipped with Mercedes electronic gadgets boosted sales in the end of 2016. Aston Marin Marque, which made a  £71.9m loss in 2016, £127.9m loss in 2015,  the fifth consecutive year the company has filed to make…

PSA buys GM Europe for £1.9bn

  PSA owners of Peugeot and Citroen cars has struck a deal of €2.2bn (£1.9bn) to buy General Motors’ European unit including Vauxhall. Loss-making GM Europe has UK factories at Ellesmere Port and Luton which employs 4, 500 people.  With GM’s Opel and Vauxhall operations,  PSA Group jumps to become the second largest carmaker in…