RPMGO Car Blog |
| Ken Block crashes his Ford Focus RS WRC [video] Posted: 15 Nov 2010 04:59 AM PST After he amazed us in the past with his Gymkhana video series, now Ken Block is back in our attention, this time with a…crash. While testing the Ford Focus RS WRC for the final race at Rally GB on extreme conditions including snow, standing water, slush, rain and mud, Ken and co-driver Alex Gelsomino lost control of car and landed into the trees. Fortunately, no one was hurt and it took M-Sport two days to get Block another car to continue racing. Post published on Rpmgo.com   |
| Fiat buys back Abu Dhabi company’s stake in Ferrari Posted: 15 Nov 2010 04:47 AM PST  According to UAE newspaper The National, Fiat has bought back a 5 percent stake in Ferrari from Abu Dhabi based investment company Mubadala. The 5 percent were sold five years ago and the contract had a clause according to which Fiat could buy back the stake at a certain time. The same newspaper reports that the buy back cost Fiat around 122 million Euros and it takes Fiat’s stake in Ferrari back to around 90 percent. But that’s not all, because this transaction fueled rumors that Fiat is planning on selling a large stake in Ferrari soon, probably as much as 40 percent. When asked, a Fiat spokesman said that “I can confirm that Fiat has exercised the call option for the purchase of the Ferrari stake held by Mubadala.” Questioned about the rumored future sell, he had no further comments to make. [Source: World Car Fans] Post published on Rpmgo.com  |
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