Report: Circuit of Wales gets key go-ahead vote by local government

Filed under: Motorsports, Europe, Government/Legal, UK

Circuit of Wales proposal

A development company called Heads of the Valleys, led by Michael Carrick, is working through the steps to build a 250-million-pound ($378M US) motorsports facility in Blaenau Gwent, Wales, about 33 miles due north of Cardiff. After more than a year of work so far, the latest success is that the Blaenau Gwent County Borough Council has given approval to the outline plan of the circuit.

Called the Circuit of Wales, the 830-acre site will be a “low carbon automotive center of excellence” that will comprise a 3.5-mile car track, motocross, karting and off-roading tracks, hotel and commercial and retail complexes. To fulfill the low-carbon bit, the facilities will also include an R&D park for entities exploring “the boundaries in environmental technology and energy solutions.”

The plan is ultimately to host World Touring Car, MotoGP, World Superbikes and World Motocross. All of the facilities will be available to locals, a motorsports academy will assist new talent, and Welsh universities are expected to be able to tie their expertise in with the stakeholders in the technology park. The next step is for Heads of the Valleys to draw up and get approval for the detailed plan of the circuit.

Circuit of Wales gets key go-ahead vote by local government originally appeared on Autoblog on Sat, 13 Jul 2013 13:05:00 EST. Please see our terms for use of feeds.

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Report: Lotus unable to secure local government money

Filed under: Coupe, Government/Legal, Lincoln

lotus esprit concept

Lotus Esprit Concept – Click above for high-res image gallery

When Lotus ushered out a plethora of new concept vehicles at the 2010 Paris Motor Show, we were more than a bit surprised. Sure, many of the designs had no chance of making it to production, but even a new Elan or Esprit would cost the boutique automaker millions to build – money Lotus simply doesn’t have.

Auto Express reports that the English Department for Business, Innovation and Skills (BIS) has turned down the automaker’s application for a £27.5 million loan ($50 million U.S.). The money was reportedly sought in order to build a new plant in Hethel, Norfolk, that would have produced some of new models while also employing another 1,200 Brits. The BIS turned down Lotus in spite of the fact that the government body had already approved £450 million in loans to automakers like Jaguar and General Motors.

The automaker is no doubt disappointed with the decision not to allow the loan, but Team Lotus isn’t going down without a fight. Lotus released a statement saying that the automaker was exploring all options, adding that a next step could be “submitting an updated bid for round two of the RGF (government loan), which is set to close on July 1.”

What does this latest setback mean to Lotus? We’re not privy to the automaker’s financial statements, but we’re guessing Lotus really needs this money to build any and all of its new products. If it doesn’t get the proper financing, we’re thinking that there may not be any new Lotus models anytime soon.

Gallery: Paris 2010: Lotus Esprit Concept

[Source: Auto Express]

Report: Lotus unable to secure local government money originally appeared on Autoblog on Thu, 14 Apr 2011 19:39:00 EST. Please see our terms for use of feeds.

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Ketterer Continental sure to net best spot at local RV park

Filed under: Etc.

ketterer continental

Ketterer Continental – Click above for image gallery

We’re into camping as much as the next guy(s), and we’re really up for a few days of “roughing it” when it comes to a luxury coach motor home. And when we’re looking for the highest of the high end, few stand out more than the Ketterer Continental luxury motor home.

ketterer continental exteriorThis monster motor home features a Mercedes-Benz truck chassis, a massive, luxurious cabin that includes a real kitchen, dining with seating for five, a master bedroom with a king bed plus a shower, toilet and sky light. Actually, the main bedroom features a bath tub, too, so you can soak after a hard day of… whatever it is that the wealthy do when they’re “camping.”

And if you’re on an extended trip through the local RV parks, you probably don’t want to troll around in your mobile mansion, so this custom motor home also features a garage large enough to swallow a Smart Fortwo. Fancy. Click on the gallery below to see an RV that’s nicer than most people’s homes.

Gallery: Ketterer Continental

[Source: Ketterer via Unfinishedman.com]

Ketterer Continental sure to net best spot at local RV park originally appeared on Autoblog on Fri, 08 Apr 2011 11:28:00 EST. Please see our terms for use of feeds.

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Report: China tells foreign automakers they must build low-cost local brands

Filed under: China, Plants/Manufacturing

Chinese flagIf you want to do business in the Chinese market, you have to play by the rules set out by the Chinese government… and those rules are subject to change. Such is the case in the automotive segment, where officials from China are reportedly set to add some requirements for automakers that wish to update any contracts in an effort to build more vehicles in China.

Apparently, as much as 30 percent of any additional production capacity over what has already been agreed upon will be earmarked for the Chinese market, and that percentage of vehicles would have to be sold under a new Chinese brand name at a “low cost.”

It’s not necessarily more brands China wants, it’s intellectual property. “During 10 years of trying, China has become a big factory for foreign companies, and their Chinese partners didn’t get advanced technology. Through this industrial policy they would like Chinese carmakers to get IP in order to own this market,” said Lang Xuehong, automotive analyst with Sinotrust, quoted by Financial Times.

Will the scales fall in favor of more access to the lucrative Chinese market or will the desire to keep valuable intellectual property under the roof of the company that actually earned it through actual research and development triumph? We’ll see.

[Source: Financial Times – sub. req.]

Report: China tells foreign automakers they must build low-cost local brands originally appeared on Autoblog on Mon, 21 Mar 2011 17:31:00 EST. Please see our terms for use of feeds.

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