Hillnic acquires Reading's Cadogan House for resi conversion

Property Week News Feed - Wed, 12/12/2018 - 11:45
Residential developer Hillnic has acquired the former Cadogan House site in Reading with plans to convert the two-storey office building into a £12m gross development value housing scheme.
Categories: Property

PMM Group Real Estate refinances Gara Rock Hotel

Property Week News Feed - Wed, 12/12/2018 - 11:33
Angelo Gordon and T&B Capital have secured a £7.8m loan from PMM Group Real Estate Finance for the refinancing of The Gara Rock Hotel.
Categories: Property

Three-cylinder powered Ford Focus recalled for clutch slip and transmission fluid leak

The Car Connection News Feed - Wed, 12/12/2018 - 11:00
Ford Focus models powered by the automaker's inline-3 engine and mated to a 6-speed manual transmission are subject to a new recall. In documents filed with the NHTSA in late November and published this week, Ford said the models could experience a clutch fracture, which can cause a transmission fluid leak. The presence of transmission fluid near...
Categories: Property

Bevan Brittan poaches housing and legal team from Dentons

Property Week News Feed - Wed, 12/12/2018 - 10:29
The law firm Bevan Brittan LLP has hired the housing and legal team which previously worked at Dentons.
Categories: Property

Aviva acquires Aurora office in Ealing

Property Week News Feed - Wed, 12/12/2018 - 10:08
Aviva Investors has acquired the Aurora office building in west London from Moorfield for an estimated £38m, as tipped by Property Week.
Categories: Property

2019 Infiniti QX50 Long-Term Update 2: Commute King

Motortrend News Feed - Wed, 12/12/2018 - 09:00

As I wrote in my previous update, the 2019 Infiniti QX50’s cutting-edge powertrain needs a little more refinement (and probably a different transmission). But with a 40-minute morning commute that stretches to an hour or more when I head home, I tend to value a low-stress drive more than anything else. Thanks to ProPilot Assist, that’s one area where the QX50 really shines.

When I say ProPilot Assist, though, it’s important to point out that I’m really referring to all the features included in two driver-assist packages. For $550, ProAssist gives you adaptive cruise control, rear cross-traffic alert with collision intervention, and a sort of ACC-lite called Distance Control Assist. Another $2,000 gets you the ProActive package, which adds the more advanced ProPilot Assist, along with a few other driver-assist features.

Infiniti’s adaptive cruise control can adjust driving speed based on the car in front of you, but it can’t handle the kind of low-speed traffic urban commuters deal with on a daily basis. That’s where ProPilot Assist comes in. Not only does it add steering assist for easier highway cruising, but it also adds stop-and-go capability.

Over the past few months, ProPilot has become a popular feature among the staff. Following a 700-mile drive, editor-in-chief Ed Loh even went so far as to declare it “Infiniti’s best technology.” But unless I’m in the HOV lane, I tend to use Distance Control Assist instead. It gives you most of the safety benefits you get from adaptive cruise control without requiring you to set a desired speed. Most luxury automakers offer lane-centering adaptive cruise control and automatic emergency braking, but features similar to DCA are much less common.

That said, these systems aren’t perfect. ProPilot’s steering assist is generally pretty good at keeping the car in the middle of a lane, but it does occasionally pull hard to one side or the other, and low-speed stops could be smoother. DCA is also a little finicky, often throwing on the brakes right as you start to change lanes. Reducing the system’s sensitivity when the turn signal is on would probably help.

The good news is that it isn’t hard to adapt to or work around these issues. And especially if you have a long commute, ProPilot’s probably worth the price.

Read more about our long-term 2019 Infiniti QX50:

The post 2019 Infiniti QX50 Long-Term Update 2: Commute King appeared first on MotorTrend.

Categories: Property

Medici and Corestate launch world’s largest co-living investment vehicle

Property Week News Feed - Wed, 12/12/2018 - 08:34
Berlin-based Medici Living and Frankfurt-listed Corestate Capital Holding are joining forces to invest €1bn (£910m) of equity and debt in the co-living sector in Europe over the next three to five years.
Categories: Property

Mixed day for property as FTSE rises

Property Week News Feed - Wed, 12/12/2018 - 07:58
The FTSE 100 rose 1.27% on Tuesday to 6,806.94 points and the FTSE EPRA/NAREIT UK Index climbed 0.32% to 1,591.48 points.
Categories: Property

Buyer revealed for £48m Clapham Junction Debenhams

Property Week News Feed - Wed, 12/12/2018 - 06:20
Developer W Real Estate has been unmasked as the buyer of BL’s Grade II-listed, Debenhams-let ‘Arding and Hobbs’ building in Clapham Junction.
Categories: Property

Dukelease to buy City’s Ibex House for more than £120m

Property Week News Feed - Wed, 12/12/2018 - 06:00
Dukelease is under offer to buy City of London office building Ibex House from Israeli pension fund Harel Insurance & Financial.
Categories: Property

Marvel at the Aston Martin Valkyrie’s 6.5-Liter V-12

Motortrend News Feed - Wed, 12/12/2018 - 00:37

The Aston Martin Valkyrie is inching closer to production, and that means concrete details are beginning to trickle out. Today, the British sports car builder has released detailed specs for the Valkyrie’s primary motivator, its naturally aspirated 6.5-liter V-12 engine that produces 1,000 hp.

Aston says it wanted a naturally aspirated engine from the outset of the project, which was originally code-named AM-RB 001. Working with renowned engine tuner Cosworth Engineering, Aston Martin developed a 65-degree 6.5-liter V-12 that revs to 11,100 rpm and makes 1,000 hp at a stratospheric 10,500 rpm. Torque, on the other hand, is nearly half that at 546 lb-ft, and arrives at a still-high 7,000 rpm. As we previously reported, the Valkyrie will be a hybrid hypercar, so an electric motor (or two) will be employed to complement its peaky 12-cylinder gas engine. Aston says it will detail the Valkyrie’s hybrid system at a later date, however.

But even without that info, there’s plenty to unpack with just the Valkyrie’s internal combustion engine. For example, the V-12 produces 153.8 hp per liter, an incredible amount for a naturally aspirated car. Additionally, the engine weighs just 454 pounds. To put that into perspective, Aston says Cosworth’s 3.0-liter V-10 used in Formula 1 weighs 214 pounds, but if it were scaled up to 6.5 liters it would come in at 463 pounds. Much of the savings comes from internals machined out of solid aluminum or titanium billet, including the crankshaft, connecting rods, and F1-spec pistons. According to Aston Martin, the Valkyrie’s crankshaft is 50 percent light than the One-77’s.

Apart from the engine, there’s quite a bit we already know about the Valkyrie. The carbon-fiber-intensive hypercar will weigh in somewhere between 2,200 and 2,400 pounds, and have a power-to-weight ratio of 1:1 (hp/kg). The engine will be mated to a seven-speed paddle-shift transmission developed by the gearbox specialists at Ricardo Engineering. The battery hybrid system that Aston is keeping close to the chest will be supplied by Rimac, which should mean the electric half of the drivetrain will be no slouch. Production will be limited to 150 units for the standard Valkyrie, and just 25 copies of the track-only AMR Pro variant. Then, of course, there’s the price. The Valkyrie will cost $3.2 million when it finally arrives in 2019.

We still have a little bit of time before the first Aston Martin Valkyries are delivered, so expect more details to surface as we get closer. In the meantime, enjoy this gallery of engine porn courtesy of Aston Martin.

Source: Aston Martin

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Categories: Property

2019 BMW 330i M Sport First Drive: Bavaria is Back

Motortrend News Feed - Tue, 12/11/2018 - 23:00

Can BMW deliver on the promise of the Ultimate Driving Machine once again?

Over the past four decades, Bavaria’s sporting marque has endured tremendous pressure to constantly improve on what is seen as the segment benchmark. It is a cruel task. Improving one area often comes with a trade-off in another.

BMW owners are as demanding as they are proud. Take it from someone who owned the 3 Series that really started it all—the 1988 E30 325i—as well as the outgoing-generation 2012 F30 328i (and who has tested every generation in between). We’re an arrogant bunch possessing sturdy right feet, and we have no qualms calling out missteps in handling and steering feel.

The competition doesn’t sit still, either. For those of you who track these things, the last two MotorTrend Car of the Year winners have been compact luxury sport sedans designed to dethrone the 3 Series as the default choice for shoppers in the segment.

Both the COTY-winning Genesis G70 and Alfa Romeo Giulia make outstanding cases as the best-executed compact sport sedan extant. And the rival Mercedes-Benz C-Class has outsold the 3 Series for the past two years (although to be fair, Mercedes lumps sedans and coupes into C-Class sales, whereas BMW splits the sedan from the 4 Series coupe; if you add 3 and 4 Series sales, BMW still outsells the Mercedes C-Class). But still, BMW is facing some stiff competitive winds.

With the sixth generation of the 3 Series arriving in March, BMW’s new G20 Series edition fires a response that will hopefully endear itself to loyalists and halt the wandering eyes of those shopping around. The incoming 330i is roomier, quicker, more adept, and a sharper performer.

Segment creep persists. The 2019 3 Series carries 1.6 inches more wheelbase and 2.6 inches more overall length. As such, it has almost outgrown the conventional dimensional definition of a compact sport sedan. On the plus side, the added wheelbase length addresses the persistent 3 Series complaint about the lack of back seat space; it is now possible for a 6-foot-tall passenger to have sufficient legroom and footroom behind a 6-foot-tall driver without the driver having to scooch the seat forward.

The 330i’s engine remains a 2.0-liter twin-scroll single-turbo, though it gains 7 hp (to 255) and a whopping 37 lb-ft (to 295). BMW claims a 0–60 time of 5.6 seconds (5.3 with all-wheel drive). That’s likely a conservative estimate, as MotorTrend testing of the 2017 330i delivered a 0–60 time of 5.5 seconds—and the new 330i is lighter by 121 pounds, thanks to increased usage of aluminum and high-strength steels in the body-in-white, sheetmetal, and chassis.

The turbo-four still features direct injection, variable valve lift, and variable cam timing, but the fuel pump now delivers 5,100 psi (compared to 2,900 psi of the old one). It also now has a split cooling system, separated for the cylinder head and crankcase. And twin exhaust tailpipes are standard (yay!). BMW says the new engine will also boast better fuel economy; kudos to the engineers who found the holy grail of performance and efficiency.

Coming in summer 2019, the 340i variant will also keep its existing 3.0-liter twin-scroll single-turbo configuration but see impressive gains in power, delivering 382 hp (up 62) and 369 lb-ft (up 39) and an estimated 4.2-second 0–60 time (with xDrive AWD). Also, a 330e plug-in hybrid arrives this summer, with 37 miles of electric-only range and a 6.0-second 0–62 time. There’s also a trio of diesel variants, which Americans will never see, according to BMW. Also, the loss-leader depowered version of the turbo-four will not be offered, as BMW will likely bring the 1 Series sedan back to life at that price point.

Then there’s the look. BMW interior designer Bruno Amatino said the automaker considered more evolutionary styling but decided to be bolder instead. “This was the largest step we could take without scaring the customer,” Amatino explained. “We wanted to make it look like we were skipping a generation.”

Yet for the most part, it’s still unmistakably BMW’s design language. The kidney grille is more three-dimensional due to the revised hoodline, and the notched headlight housings feature laser lamps that can project nearly the length of six football fields.

One key design note that BMW fans will debate, however: The famed Hofmeister kink that defines the C-pillar is now more of a chevron. BMW calls it “a new interpretation,” as the headliner of the back seat still keeps the original counter-swinging shape (the shadow of which can be seen from the outside if you squint). But the exterior detail has turned the distinct kink into a double-angled point that subtly aims toward the rear deck rather than visually directing one’s gaze hard toward the rear axle to emphasize that this is a performance sedan.

Purists may howl, but Amatino defended the new C-pillar, saying it was “extended for visual length, in two movements. We wanted to extend the glass all the way to the edge of the door cut.” Function over form, evidently.

Inside, the 3 Series gets a thorough reworking. Unlike the X3 crossover’s recent interior redo, which felt more like a mere freshening, the 3 Series interior changes are more dramatic. The slim dashboard is detailed by defined creases. Cool upscale touches abound, such as the knurled metallic prisms that form the edges of the vent-opening adjusters and iDrive knob. The leather surfaces and aluminum detailing wouldn’t be out of place in a flagship vehicle. Every surface that falls to hand has an appropriately upscale feel, save for the plasticky response of the center console’s stowage tray lid. The sunroof is 4 inches longer.

The instrument panel now has more room in the center for the trip computer information, not merely because the 8.8-inch screen is larger but also because designers reversed the swing of the right-side tachometer—it now registers revs counterclockwise, which takes some acclimation. Designers also placed the center console’s display screen at the same elevation as the instrument panel to provide “a horizon of information,” Amatino said.

However, in slightly reconfiguring the center console, BMW moved the gearshift and many control buttons rearward so that a driver must bow out their elbow and knuckle under their wrist to change many settings, compared to the easy user interface of the outgoing model. Perhaps most notably, changing driving modes is now accomplished by pressing individual buttons that are not identifiable by touch (the old model had a ridged rocker setup), so the driver must look away from the road to see what button they are pushing.

Aside from a long-wheelbase version only for the Chinese market, BMW tuned the 3 Series identically for all the world, said Thomas Bäumer, the car’s project leader.

Behind the wheel of the new 3er, the most noticeable element is the return of firmness to the suspension. The new car attacks road imperfections with a snooty impunity. BMW has installed standard hydraulic stop dampers on the rebound stroke up front and compression stroke in the rear; M Sport versions have an optional adaptive suspension with electronically controlled dampers.

But even in Comfort mode, we received some hard jolts from the rear suspension when encountering sharp bumps and jounces—especially in Sport mode. (Note, we were driving 330i M Sport trims, not the base suspension, so for those of you chasing the 330i lease-deal special, your suspension response may vary.)

That said, the 2019 330i feels more planted. You can thank increased chassis rigidity (improved by up to a claimed 50 percent) as well as the front track being 1.7 inches wider and the rear track adding 0.8 inch.

The speed-sensitive electric power steering seems to have more direct feel, as opposed to the too-light video game response of the outgoing model—although there was some vagueness in the range of 5 to 10 degrees off center with the M Sport’s variable sport steering. BMW claims a 50/50 weight distribution and a center of gravity lowered by 0.4 inch.

The 330i’s brake pedal has a reassuring precision of response in nearly every situation—even with hard braking for a corner that has come on quicker than you expected. However, a spirited four-minute drive down a twisting Portuguese grade left the 330i M Sport’s front brakes smoking.

BMW has delivered more intelligent semi-autonomous driving features, with increased hands-off driving assistance, reversing assistance to back out of tricky parking garages, and “narrow passage support” where lanes may have narrowed due to road construction.

However, the lane keep assist programming is more insistent, snapping you sharply back into your lane if you approach the stripes. That could be a drawback when performing a courtesy pass of a bicyclist by inching into the oncoming lane; you could find yourself arm-wrestling the steering wheel to give the cyclist some space.

As for the allegedly Intelligent Personal Assistant voice-recognition system, I found it not so smart. For nearly every voice command, the system either didn’t recognize it or responded in error. For those commands it did recognize (“Turn down the radio,” or “I’m cold”), it took far longer to execute than it would have taken me to merely reach out to rotate the volume knob or flick the temperature gauge.

Although programmed to respond to “Hey BMW,” it frequently self-activated by someone merely saying “BMW.” As you know, BMW owners love to brag about their BMWs by saying “BMW” a lot—meaning the system frequently intrudes into conversations like an embarrassing mom chaperoning a teenage date. To be sure, BMW is far from alone in voice-command errata, but to label the system “intelligent” seems a bit of a misnomer.

There’s also a “revitalizing” function if the driver is tired. The climate control fan pulsates at a chilly 64 degrees, the interior lights change color, and the stereo cranks up a weirdly hypnotic Euro-techno track (which actually made me feel drowsier).

Standard features for all 3 Series buyers include LED headlights, a rain sensor, automatic headlight activation, a hands-free phone system, automatic climate control, cruise control with automatic braking, Bluetooth and USB connectivity, 18-inch alloy wheels, and split-folding rear seats.

Since 1975, BMW has sold 15.5 million compact luxury sport sedans worldwide. Those owners tend to be as enthusiastic as they are demanding. Upon encountering the G20 3 Series, they should feel reassured that BMW has their best interests at heart.

2019 BMW 330i BASE PRICE $41,245 VEHICLE LAYOUT Front-engine, RWD/AWD, 5-pass, 4-door sedan ENGINES 2.0L/255-hp/295-lb-ft turbocharged DOHC 16-valve I-4 TRANSMISSIONS 8-speed automatic CURB WEIGHT 3,250 lb (mfr) WHEELBASE 112.2 in LENGTH X WIDTH X HEIGHT 185.4 x 71.9 x 56.8 in 0-60 MPH 5.3-5.6 sec (mfr est) EPA CITY/HWY/COMB FUEL ECON Not yet tested ON SALE IN U.S. March 2019

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Categories: Property

1956 Ferrari 290 MM Sells for $22 Million on the Block

Motortrend News Feed - Tue, 12/11/2018 - 22:20

Another classic car auction, another multi-million dollar Ferrari sale. Ferraris have long been king when it comes to high-value post-war auction results, and this past Saturday, a 1956 Ferrari 290 MM sold to a new owner for a huge $22,000,005. The venue was RM Sotheby’s first Petersen Automotive Museum auction in Los Angeles, California and the car was a true gem from the early years of the storied Italian automaker.

The 1956 290 MM, chassis number 0628, was originally a factory race car, driven by some of the greatest names in the 1950s international racing scene. Legends such as Phil Hill, Juan Manuel Fangio, Peter Collins, Olivier Gendebien, Sir Stirling Moss, and Wolfgang von Trips all had stints behind the wheel of #0628, which even today still has its original bodywork, engine and transmission—rare for a frequently raced car from this period.

Further, #0628 was given a full restoration to the livery it wore in the 1957 12 Hours of Sebring by Ferrari Classiche, the brand’s in-house restoration service, and was fully authenticated at the same time.  During the 1956 racing season, the car was run with a four-cylinder, 3.5-liter 860 Monza-type engine and finished second at that year’s Mille Miglia road race.

In 1957, a new 3.50 liter 290 S engine replaced the original and in this guise the car finished third overall in the 1957 1000 KM of Buenos Aires. The engine was replaced again prior to the start of the 1957 12 Hours of Sebring,  this time with a 290 MM V-12 with single overhead camshafts vs the 290 S’ twin cam configuration. Unfortunately, the car recorded a DNF at Sebring and ended its campaign under the Scuderia Ferrari team, being sold on through American importer Luigi Chinetti to private ownership.

Other notable sales at the Petersen Automotive Museum auction included a 1971 Lamborghini Miura SV consigned by television and radio personality Adam Carolla, which sold for $2.2 million—in line with the pre-sale estimate. Carolla also sold a 1965 Lamborghini 350 GT for $555,000. Meanwhile, a 2005 Porsche Carrera GT brought $775,000, a 2015 McLaren P1 sold for 1,435,000, and a Euro-spec 1989 Ferrari F40 did very well at $1,545,000.

Among those cars not to sell were a 1987 Porsche 959 Komfort with a high bid of $870,000, a 1989 Ferrari Testarossa at $105,000, and one of the event’s star cars, a 1964 Shelby 289 Cobra with a high bid of $840,000. In all, RM Sotheby’s managed a less-than-stellar 79% sell-through rate for the sale, likely hampered by unrealistic consigner expectations.

While most cars were bid to values well beyond the means of typical collectors, we were quite fond of a 1961 Morgan Plus 4 roadster which sold for a relatively affordable $29,120 and had the curb appeal of something twice that price.

The post 1956 Ferrari 290 MM Sells for $22 Million on the Block appeared first on MotorTrend.

Categories: Property

Albert Biermann Poised to Head Hyundai Motor Group R&D

Motortrend News Feed - Tue, 12/11/2018 - 22:14

A new report has revealed that Hyundai Motor Group will once again go through an executive shuffle, this time in its R&D division. Sources close to the matter told Reuters that two R&D vice chairmen have offered to resign from their positions. If those resignations are accepted, Albert Biermann, who was hired from his previous post as head of BMW M, would be named the next head of R&D for the entire Hyundai Motor Group.

This comes after a recent change-up that saw Euisun Chung, son of Hyundai Motor Group founder Mong-Koo Chung, become executive vice chairman. The move also occurs right as Hyundai’s profits are down two-thirds due to recall costs in the U.S. and weak sales in two key markets, the U.S. and China.

One person close to the issue said that the shake-up is part of a generational change being pushed by the younger Chung and could be announced as early as Wednesday. The two R&D vice chairmen who offered to leave, Woong-chul Yang and Moon-sik Kwon, declined to say why they did so because they are not authorized to speak with the media.

Alongside designers Peter Schreyer, who now serves in an advisory role, and Luc Donckerwolke, Biermann was one of a number of non-Korean executives brought in by the automaker. Since his arrival, two more former BMW M engineers, Fayez Abdul Rahman and Thomas Schemera, and have joined Hyundai Motor Group. Former Bugatti designer Alexander “Sasha” Selipanov was also brought on board at Genesis.

Biermann is responsible for the improvements Hyundai, Kia, and Genesis have made in driving dynamics, and was originally brought in to help develop performance vehicles. The Kia Stinger and K900, Genesis G70, and Hyundai i30 N and Veloster N are just some of the vehicles shaped by Biermann’s influence. Hyundai’s motorsport presence has also expanded since Biermann’s arrival with the automaker now participating in the World Rally Championship, 24 Hours of the Nurburgring, and the TCR Class of the Pirelli World Challenge.

Source: Reuters

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Categories: Property

Toyota Supra Super GT Racing Concept to Debut in Tokyo

Motortrend News Feed - Tue, 12/11/2018 - 20:54

The 2020 Toyota Supra is among the most anticipated debuts in recent memory, as we’ve been expecting a new Supra to drop ever since the Toyota FT-1 concept was revealed way back in 2014. That day will finally come next month at the 2019 Detroit auto show, but before then Toyota will debut yet another Supra racing concept.

The automaker teased the GR Supra Super GT concept today, which will be unveiled at the 2019 Tokyo Auto Salon taking place just before the Detroit show. You may be wondering why Toyota and its Gazoo Racing motorsports division are showing off another Supra race car concept when they already revealed the GR Supra Racing concept earlier this year. It seems that car will only see competition in Playstation’s Gran Turismo Sport, but based on this concept’s name we can assume it previews a car that will actually race in Japan’s real-life Super GT series.

The Toyota GR Supra Racing concept at the 2018 Geneva motor show

Once known as the JGTC (Japan Grand Touring Championship), Super GT is Japan’s premiere GT racing series and is comprised of two classes that compete on one track simultaneously: GT300 and the top-tier GT500 class. Because Toyota just launched the GT500-class Lexus LC 500 last year, the Supra will most likely compete in GT300. Given the Toyota Supra’s rich history in JGTC, we’d love to see a GT500 version of the Mk. V, but entering GT300 makes sense as those cars are typically more closely related to their production counterparts. The lower class also allows FIA GT3-spec cars, so it’s possible the Supra will be eligible to compete in other series besides Super GT. If the race car is production-based, then expect to find a BMW-sourced turbocharged 3.0-liter inline-six under the hood.

Beyond that, we don’t know very much about the upcoming Supra race car. We’ll have to wait until the GR Supra Super GT concept debuts at the Tokyo Auto Salon on January 11-13 to learn more. Until then, at least we have the NASCAR version to tide us over?

Source: Toyota

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Categories: Property

Spied! Next Audi RS 7 Tests in Icy Conditions

Motortrend News Feed - Tue, 12/11/2018 - 19:00

Our spy photographers have caught the upcoming Audi RS 7 testing in the snow and flaunting its shapely silhouette. The high-performance variant of Audi’s swoopy fastback sedan is scheduled to debut sometime next year and will eventually do battle with the Mercedes-AMG GT 4-Door Coupe, Porsche Panamera, and BMW M5.

Some of the dead giveaways that this is the RS 7 are the large oval exhaust tips, which distinguish Audi’s RS models from lesser variants. Behind all of the camouflage, the fenders look wider than on the standard A7. This particular prototype also appears to have a different lower front fascia with larger side openings for improved air flow to cool the brakes. It’s also sporting sizable front brakes and larger-diameter alloy wheels. The car also appears lower than a standard A7, which could hint at a height-adjustable air suspension or possibly a lowered fixed setup.

As with past Audi RS models, it’s the small details that will set this car apart from its more pedestrian sibling, which should help the RS 7 to be one heck of a sleeper. Our spy photographers tell us that the RS 7 will debut with a new twin-turbo V-8 good for 650 hp. That powertrain is likely to be shared with the eight-cylinder version of the Bentley Continental GT. Look for the 2020 Audi RS 7 to debut next year, possibly at the Geneva motor show.

Photo source: CarPix

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Categories: Property

1,900-HP Pininfarina Battista Teased Ahead of Geneva Debut

Motortrend News Feed - Tue, 12/11/2018 - 17:57

Famed Italian design house Pininfarina announced earlier this year that it would relaunch as an electric car brand, and now we know the name of the fledgling automaker’s first model. At the Geneva motor show next March, Pininfarina will debut the Battista, an electric hypercar named after the marque’s founder, Battista “Pinin” Farina.

The new automaker is coming out swinging with its first production EV, claiming it will be both the most powerful and fastest Italian car when it launches in late 2020. If it has the specs Pininfarina promises, it just might be. The Battista will produce 1,900 hp and 1,696 lb-ft of torque from its Rimac-supplied all-electric powertrain, according to Pininfarina. With that kind of power on tap, the Battista is estimated to hit 62 mph in less than 2 seconds and top 250 mph. Pininfarina also promises a range of more than 300 miles. Those figures may be hard to believe, but as you might recall, the Rimac C_Two from this year’s Geneva show boasted similar specs.

Based on the teaser images, you can expect a sleek, low-slung exterior design. We see a bit of the Pininfarina-penned Ferrari Sergio concept in the front end, though the headlights could be closer to those of a Ferrari 488. However it ends up looking, the Battista will be rare. The brand promises to build no more than 150 examples, and each will be priced between $2 million and $2.5 million. The distribution will be split three ways, with the U.S., Europe, and Middle East each getting 50 cars.

We’ll find out more about the Pininfarina Battista at the 2019 Geneva motor show.

Source: Pininfarina

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Categories: Property

EfTen shops in Lithuania with €47m RYO deal

Property Week News Feed - Tue, 12/11/2018 - 17:36
Baltic fund manager EfTen has announced the acquisition of the Ryo shopping centre in Panevežys, Lithuania, from the Finnish family-owned company Pontos.
Categories: Property

Mercedes-Benz recalls number of models over non-functioning seatbelt tensioners

The Car Connection News Feed - Tue, 12/11/2018 - 15:35
Mercedes-Benz has recalled some of its brand new models to address faulty address sensors which may cause seatbelt tensioners to not function. In documents filed with the NHTSA last month that were published this week, Mercedes-Benz said it will recall 5,433 vehicles to fix seatbelts that may not register when an occupant buckles in. The sensor...
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Lyft's awards, Porsche Macan driven, Tesla self-driving cars: What's New @ The Car Connection

The Car Connection News Feed - Tue, 12/11/2018 - 15:30
Lyft recognizes its most popular destinations in major cities Ride-share giant Lyft is keeping track of where its customers go. On Monday, it released a list of the most popular destinations in some of America's biggest cities. Meet the woman who drove a 2013 Hyundai Elantra 1 million miles Most owners celebrate when their car's odometer turns...
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