Fisker Looking to Raise $150 Million To Fund Upcoming Atlantic Model
Amidst all the not-so-great situations currently surrounding Fisker and which range from battery related car fires to the ushering in of a new CEO, another bombshell has just hit home for the California based company. They need $ 150 million (€121 million), and they need it soon.
Since their inception in 2007, the Fisker brand has raised over $ 1 billion (€809 million) in private finances to back the Karma project, but now they need an extra cash flow in order to finalize production of their newest Atlantic model in the very near future.
Having been denied a $ 529 million (€428 million) government loan in the past, Fisker was unable to fund the newly opened Delaware plant where the Atlantic was slated for future production.
The company was then forced to tenuously squeeze-out $ 400 million in funding from private investors, now, the daunting task of an extra $ 150 million could prove even more difficult.
In a recent interview with Reuters, Ray Lane, a Fisker managing partner at venture firm Kleiner Perkins Cuafield and Byers, had little details as to how they were going about finding all these extra funds.
Lamborghini Sesto Elemento costs $2.2 million
When the Lamborghini Sesto Elemento made its world debut at the 2010 Paris Motor Show, every auto enthusiasts dream came true. Aggressively shaped with a 5.7 liter V10 from the Gallardo, the Sesto Elemento was known as Lamborghini’s achievement into dropping vehicle weight with the extensive use of carbon fiber.
Things got even better when Lamborghini announced that it will be producing just 20 units of the Sesto Elemento. Weighing in at just 2,202 pounds, the model goes from 0 to 62 mph in just 2.5 seconds.
It was recently reported that all 20 units have been sold out. Wondering how much each one sold for? $ 2.2 million. That’s right Lamborghini confirmed the staggering price tag today at the 2012 Pebble Beach Concours d’Elegance.
I’m just wondering what else can you buy with $ 2.2 million dollars. Especially, since the Sesto Elemento is meant for track-use only.
Listen To Aston Martin V8 Vantage In Action
Aston Martin V8 Vantage still holds the title for the best stock exhaust noise among all GT cars. The machine gun-like racket that V8 makes is a symphony to ears. So have yours clean and crank up the speakers, because here’s three minute of Vantage V8 noise. Start up, revving, and rolling, this video has got it all. We particularly love the downshifts.
The Vantage is powered by a 4.7L V8 that started life with 380 hp, and the reached 420. That power is enough to take the 1.600 kg car from zero to 60mph in about 4.5 seconds and onto a top speed of 180. Aston Martin also makes a V12 version of this car, in both coupe and roadster formats, powered by the 510 hp engine from the DBS. While that one is faster, it doesn’t sound as good as the V8.
Video by Marchettino
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Review: 2013 Mercedes-Benz SL63 AMG
Photo by Basem Wasef/Wired
With its red-state styling and reassuring heft, the Mercedes-Benz SL has attracted the likes of bankers, barons, and busty housewives for the last six decades.
The SL’s reputation congealed through a curious combination of conservative marketing, aggressive engineering, and a meticulously crafted Hollywood presence — from High Society to American Gigolo, each generation of the German roadster came factory equipped with the whiff of a certain something, a range-topping aura that has set the pace for the triple-pointed star lineup.
But focused, purebred performance? Not so much. For a real kick in the pants, spendy car freaks tended to plant their Tod’s driving moccasins on the accelerator pedals of other Deutschland drives, namely BMWs and Porsches.
Driver detachment grew in tandem with the SL’s burgeoning body mass index until drastic measures were finally taken with the sixth-generation roadster. For 2013, der neue SL introduced lighter, stiffer aluminum underpinnings that veer closer to the spirit of the car’s original “Sport Light” designation. In spite of its unconvincing aesthetic sensibilities — this is a convertible only a wind tunnel could love — the newfound lightness prompted me to land the entry level SL550 on my Wired Lust List. And yet lust, like all irrational emotions, is a relative force, and that sliding scale has since escalated to the next tier of automotive lasciviousness, the new SL63 AMG.
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Video: 40 Years of BMW M Power
BMW, Race Videos — By MR on August 17, 2012 at 5:45 pm — No Comments
BMW M Power has releaesed a video showing a look inside 40 years of M Power. The story of the most powerful letter in the world started 40 years ago with the BMW 3.0 CSL Coupé and the BMW Motorsport GmbH. Today, the BMW M GmbH is still alive and kicking.
The video follows after our personal look back at 40 years of BMW M Power. You can check the different parts of our story via the following links: Part 1, Part 2, Part 3, Part 4 and Part 5.
Nissan GT-R II by Vivid Racing gets 545-hp
Vivid Racing has assembled a performance driven tuning package for the Nissan GT-R.
Power for the GT-R comes from a twin-turbo V6 that produces 545hp, and Vivid remapped the ECU to kick in an extra 60hp, making the total output 605hp.
Vivid also dropped the model all the way around with a set of KW Variant 3 coilovers, and added a titanium exhaust from Agency Power with quad tips.
Topping off the kit is a set of 3-piece Niche alloy wheels, sized 21-inches, wrapped in Pirelli PZero performance tires.
- By: Alexandra Koken
Ford Territory shipped to Thailand in low-volume export deal
Ford Australia has shipped 100 top-spec Ford Territory Titanium SUVs to Thailand in an export deal the local manufacturer has described as “small but important”.
The low-volume export program follows strong public interest in the seven-seat diesel-powered Territory that was showcased at the 2012 Bangkok motor show in March as a toe-in-the-water exercise by Ford Australia.
Ford Australia president and CEO Bob Graziano says he expects the Territory to do well in Thailand, building on the large SUV’s success in Australia and New Zealand.
“This is an exciting day for everyone here at Ford Australia,” Graziano said. “This is a small but important deal and will provide an important base on which to potentially build further exports.”
“It’s clear Thai customers want the roominess of a seven-seater and the features available in the Territory Titanium,” Graziano said.
