|THE McLAREN F1|
|FOR THE DRIVER VITALLY – AS IN ONE OF McLAREN'S WORLD CHAMPION RACING CARS – DRIVER AND VEHICLE BECOME ENTIRELY AS ONE
The primary design consideration for the McLaren F1 has been to make it without reserve 'a driver's car', an extremely high-performance design which advances all conventional boundaries. It combines Formula 1 racing car dynamics with genuine Grand Touring capabilities. ▪ Beginning with its radical and entirely innovative one-plus-two seating configuration, the McLaren...[Read more...]|
|GM STARTS WORK ON NEW PERFORMANCE AND RACING CENTER|
|• Pontiac, Mich. facility dedicated to race engineering, electric motors and more|
PONTIAC, Mich. – General Motors today began construction of a state-of-the-art facility for race engine design and development, as well as an electric motor laboratory and gear center.
GM's continued investment in motorsports comes from the time-tested belief that racing is the ultimate proving ground for much of the technology that applies to the vehicles GM sells.
'The GM Performance and Ra...[Read more...]
|DRAGON RACING JOINS FIA FORMULA E CHAMPIONSHIP|
|• Leading IndyCar squad appointed fourth team for new global electric series|
LOS ANGELES, USA (25th September, 2013): Leading IndyCar outfit Dragon Racing has today signed an agreement with series promoters Formula E Holdings to become the fourth team to enter the FIA Formula E Championship – the new fully-electric race series beginning in September 2014.
Dragon Racing is owned by media and publishing entrepreneur Jay Penske, with its headquarters based in Los Angeles – a cit...[Read more...]
|TESLA REPAYS DEPARTMENT OF ENERGY LOAN NINE YEARS EARLY|
| ||Wednesday, May 22, 2013 PALO ALTO, Calif.-- Tesla Motors announced that it has paid off the entire loan awarded to the company by the Department of Energy in 2010. In addition to payments made in 2012 and Q1 2013, today's wire of almost half a billion dollars ($451.8M) repays the full loan facility with interest. Following this payment, Tesla will be the only American car company to have fully repaid the government.
For the first seven years since its founding in 2003, Tesla was funded...[Read more...]|
|Greentech Automotive To Develop All-Electric Sedan For North American Market|
| ||(April 22, 2013) Shanghai, PRC -- GreenTech Automotive, an American manufacturer of all-electric vehicles, and JAC Motors, a leading Chinese automotive manufacture, today announced a strategic partnership that will include the development of a five-passenger, all-electric sedan to be assembled in the United States.
The sedan will combine JAC's award-winning Rejoice vehicle platform with GTA's advanced electric powertrain and battery management system. The sedan will feature a 19kwh ba...[Read more...]|