Tell Him He’s Dreaming: £200,000 / US$320,000 for a Parking Space

Behold Britain’s most expensive parking space: 284 square feet (26 square metres) of concrete in an underground car park in Knightsbridge, West London. There’s a separate entrance and exit driveway and 24 hours a day, 7 days a week remote access and security. The price is just…£200,000 (US$319,460) for the first nine years, then another £710 (US$1,134) a year for the next ninety.

Though at just 33 pence an hour, the price is some ten times less than what most people pay to park in Knightsbridge. Still, they don’t have to keep paying for the next 99 years. Though Harrods Estates Asset Management, which brokered the deal, refused to name the buyer for confidentiality reasons, the terms of sale stipulate that the buyer must live within 400 metres (1,312 feet) of the parking spot.

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Volkswagen to Build Two New Plants in China

The Chinese government has given, as expected, the green light to the Volkswagen Group for the building of two new automotive plants in the cities of Foshan and Yizheng. The final approval for the project was signed today, June 28, in Berlin during a meeting between Chairman of VW’s board, Prof. Dr. Martin Winterkorn, and the Presidents of the Chinese partner companies. Read more »

Greenpeace wants to Turn VW Away from the Dark Side, Launches Spoof Star Wars Ads

The rebel alliance from…Greenpeace launched a coordinated attack against the Volkswagen Group this morning by airing spoofs of the German firm’s now famous mini Darth Vader commercial, taking over advertising hoardings to install their own banners on billboards located in London and unleashing “eco-storm troopers” to protest on London's Old Street.

Greenpeace went ahead with the attack to draw attention to its concerns over the German company’s ecological record.

The environmental activist group claims that the car giant is “spending millions of Euros every year funding lobby groups who are trying to stop Europe increasing its commitment to greenhouse gas reductions from 20% to 30% by 2020” and calls Volkswagen to turn away from the Dark Side.

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Saab Secures Further Funding by Leasing its Property

Another day, another chapter in the ongoing saga that is the survival of Saab. After yesterday’s order from a (yet unnamed) Chinese company, which temporarily solved its cash-flow problem, today the automaker announced that it has reached an agreement with a consortium of Swedish real investors led by Hemfosa Fastigheter AB, for the sale of 50.1% of Saab Property for a period of 15 years.

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Nissan Celebrates Production of 1 Million Qashqai Crossovers, will Give Away the Landmark Vehicle

Four years, six months and 23 days after the first Qashqai small crossover rolled off the Sunderland Plant’s production line in the UK on December 5, 2006, Nissan has passed the 1 million milestone.

The Japanese automaker said the Qashqai is “easily the highest-volume car produced in the UK” adding that no other car in Britain has reached the one million mark in such a short period.

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Ferrari North Europe Brightens the Lives of 50 Special Children

On Tuesday, July 26, 50 special children will enjoy being driven around the Silverstone circuit in a Ferrari California by professional racing drivers from the British Racing Driver’s Club along with “BRDC SuperStars”, young drivers learning to be the professionals of tomorrow. Read more »

Report: New Alfa Romeo-Derived / U.S. Made Dodge Compact Sedan to Debut at 2012 Detroit Show

A new U.S. market compact sedan to be developed by Fiat and built by Chrysler is set to make its debut appearance at the 2012 North American International Auto Show in Detroit in the beginning of next year, according to a report from the Wall Street Journal.

The as-of-yet unnamed model will be badged as Dodge and powered by a Fiat-derived 1.4-liter turbocharged gasoline engine. It’ll also do 40 mpg combined, or at least it will if Fiat wants to net itself a further 5% of Chrysler from Mr. Monopoly Uncle Sam.

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New Jaguar XF 2.2 Diesel Goes from Birmingham to Munich on One Tank of Fuel

Jaguar is touting it’s new diesel-powered XF 2.2D saloon as the most fuel-efficient model in its history and to back its claims, the company set out to complete a journey from its factory at Castle Bromwich in Birmingham, UK, to Munich, Germany, on a single tank of fuel.

The British company manages to achieve its goal, with the four-cylinder XF covering a distance of 816 miles or 1,312 kilometers on 64 liters of diesel fuel, which gives an average fuel economy of 57mpg UK, equal to 4.9 lt/100km and 47.5 mpg US.

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Mazda’s Legendary 787B Le-Mans Winner to Race at Goodwood

It’s been 20 years already, yet it feels like yesterday when Mazda in 1991 became the first, and to date, the only Japanese manufacturer to win the legendary 24 Hours of Le Mans endurance race. The weapon of choice was the rotary-engine-powered 787B, which sported a carbonfibre body, an output of 700 PS and a 210 mph (338 km/h) top speed. Read more »

Chrysler Seeks Fiat Synergies to Produce Cars in China

China is the world’s largest car market: last year alone, more than 18 million vehicles were sold there, of which 13.76 million were passenger cars. Furthermore, analysts McKinsey & Company predict that it will grow tenfold between 2005 and 2030.

Do you want to know Chrysler’s share in this massive car market? A measly 31,000 in 2010 and a projection for just 40,000 in 2011. Therefore, it is only natural that the American carmaker is looking for ways to increase its share in this rapidly expanding market.

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Subaru in the Midst of Saudi Women Driving Uproar

Last month, a 32-year old woman named Manal al-Sharif was arrested in Saudi Arabia for committing the crimes of… driving and posting a video on Youtube urging other women to drive too.

This is strictly forbidden by the Wahhabi sect of Suni Islam which is Saudi Arabia’s religion, as women are not allowed to apply for a driver’s license or mix with men (e.g. in service or gas stations) or even leave the home without male company.

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Nissan Announces New Midterm Business Plan, will Introduce a New Vehicle Every Six Weeks for Six Years

Japanese carmaker Nissan Motor Co. revealed on Monday its new midterm business plan dubbed “Power 88”, with which it aims to boost both its global market share and profit margin to 8 percent within six years – hence the “88” reference in the name. Last year, Nissan, which is 44.3 percent owned by French partner Renault, had a 5.8 percent global market share.

The new plan calls for the introduction of 52 new cars for fiscal years 2011 to 2016, or about one new vehicle every six weeks.

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“Yes we Cannes”:Chrysler’s Super Bowl ad Wins 5 Awards at French Festival

Chrysler’s TV commercial “Born of Fire”, which aired during the 2011 Super Bowl, won five awards at the 58th Cannes Lions International Festival of Creativity, where over 24,000 entries from all over the world were competing.

The commercial for the 2011 200 sedan was created by Chrysler together with advertising company Wideden+Kennedy of Portland, Oregon, and took home four “Gold Lions”, for Best Direction, Best Script, Best Use of Music, Best Automotive Commercial and Best Editing, as well as a “Bronze Lion” awarded to the brand for Best Editing.

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New Chinese Order Provides Saab with a Temporary Lifeline

Maybe the future of Saab isn’t as dark as it looks, and the voluntary bankruptcy proposed by suppliers isn’t the only solution. Well, at least for now. That’s because the Swedish automaker announced today that an unnamed Chinese company place an order to buy 582 cars, with a total value of € 13 million.

The pre-payment is to be received this week, giving Saab a much needed funding to pay its workers and suppliers. This, however, is only a short-term lifeline for the ailing company and the efforts to secure funds that will guarantee the brand’s future and restart production, which has been halted again since June 8, are ongoing.

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Monstrous Paramount Marauder Armored Vehicle to Star in First Episode of Top Gear Season 17

In just a few hours from now, Top Gear will air the first episode of season 17 on BBC. During the past two weeks, we got a taste of what Jeremy Clarkson, James May and Richard Hammond have in store for us this year through two teaser clips.

In one of those trailers, we saw a large off-road-like vehicle playing the role of a monster truck on a white Alfa Romeo 156 and an older generation Renault Megane sedan.

It turns out that the vehicle is a mine protected armored truck called Marauder from South African company Paramount Group and the driver behind the steering wheel is Richard Hammond. We were contacted by Paramount Group who told us that the Marauder will be featured in tonight's first episode of Top Gear Season 17.

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F1: Sebastian Vettel takes his 6th Win in Valencia

Sebastian Vettel is on a roll and no one seems able to stop him and his Red Bull from adding a second Formula 1 championship to their trophy list. This was confirmed once again today in the European Grand Prix in Valencia, in the eighth race of the 2011, where Vettel took his sixth win of the season. The German world champion started from the pole position and was never challenged during the race as he cruised to another win.

The only driver to even come close was Ferrari’s Fernando Alonso who started from fourth place and, like his team-mate Felipe Massa, made a terrific start. Alonso had a fight with the Red Bull of Mark Webber who, despite starting from the front row, eventually lost out to the Spaniard who finished the race second, more than 10 seconds behind Vettel.

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Aston Martin Rapide Auction Proceeds Given to Toyota to Aid Tsunami Victims

Last month we reported that Aston Martin’s CEO, Dr. Ulrich Bez, announced that he would auction off his company car, a fully-loaded 2009 “Concours Blue” Rapide, during this year’s annual Bonhams event at Newport Pagnell on June 21.

The buyer was furniture designer and Aston Martin enthusiast David Linley, who paid £100,000 ($160,000), which was handed over to Toyota which can better direct it to charities providing aid to victims of the recent earthquakes and Tsunami that devastated Japan.

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F1 to Adopt Turbo 1.6-Litre V6s, not 4-Cylinders, from 2014

It seems that Formula 1’s rules that were supposed to take effect from the 2013 season are being scrapped before they are even imposed. Those regulations called for the replacement of today’s 2.4 V8 motors by 4-cylinder turbocharged 1.6 liter units, a proposal that had being strongly opposed by certain teams such as Ferrari.

Now the sports’ governing body, the FIA, has offered an alternative: 1.6-liter turbocharged V6s with hybrid Kinetic Energy Recovery Systems (KERS), with the implementation of the new rules being pushed back one year, to 2014.

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Last Bugatti Veyron Sold – But There’s Still the Cabrio…

Millionaires (or, rather, billionaires) around the world have just seen their list of “cars to buy” shrink by one model, as Bugatti announced the sale of the final Veyron 16.4, thus ending the astonishing hypercar’s production.

The lucky buyer who scooped up the last Veyron is an unnamed “European customer” who, nevertheless, will have to wait until next fall for his $1.7 million supercar to be delivered.

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What a Tease…Honda Announces All-New 2012 CR-V on its U.S. Website

Honda is trying to build some suspense around its forthcoming, brand-new 2012 CR-V crossover by making an announcement on its U.S. market website. All we get for now is a picture of a tunnel and a press blurb that doesn’t really say much other than that Honda will be revealing the successor to the current CR-V bit by bit in the next few months. Read more »