Fiat Chrysler Automobiles estimates it will receive about 2.25 billion euros ($2.8 billion) from Ferrari before it spins off the supercar unit next year. "Prior to the separation we also intend to enter into certain other transactions including distributions and transfers of cash from Ferrari currently estimated at 2.25 billion euros," FCA said today in a filing with U.S regulators. FCA CEO Sergio Marchionne, who is also Ferrari's chairman, plans to list 10 percent of Ferrari in the second...
6 Hours Of Bahrain Challenge Kicks Off
Date :November 14, 2014
Prince Abdulaziz Turki AlFaisal, one of very few Arab drivers who have experienced the thrill of endurance racing, will tackle the penultimate round of the 2014 World Endurance Championship, the 6 Hours of Bahrain, this weekend, starting with free practice session at the Bahrain International Circuit. AlFaisal has plenty of experience in endurance racing and has secured highly impressive results so far season, with a 3rd place overall at the Dubai 24 Hours and a similar result at the...
Maybach to make its comeback in L.A.
Date :November 13, 2014
Mercedes-Benz will unveil its Mercedes-Maybach S600 sedan at the Los Angeles Auto Show this month. The extra-long-wheelbase sedan will sit between the S class and Pullman limousine in Mercedes' lineup. It will mark the return of the Maybach name, this time as a subbrand rather than a standalone superluxury brand. The S-class derivative will feature a thoroughly reworked rear passenger compartment and C-pillar section, along with new rear doors. The Mercedes-Maybach S600 is expected to be...
A hot lap in Audi's self-driving car
Date :October 20, 2014
The team is working on the creation of a ‘brain'. While current generation cars have a bunch of ECUs individually dealing with separate functions, an autonomous car requires one, central ECU - essentially replicating the human brain - that handles every one of the car's functions. With them all together in one place, this brain can then decide which action is most appropriate in a given scenario. The 'brain' works in tandem with a central sensor unit, essentially the car's bearings,...
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