Tag Archives: holding

Motorsport

McLaren Has a New Owner

It’s official—McLaren Group has a brand new proprietor. Bahrain Mumtalakat Holding Company, the nation’s sovereign wealth fund, has taken full possession of the automaker, expanding its stake from 60 percent to 100.

There are few clear particulars about what this might imply for McLaren Automotive. The group’s govt chairman, Paul Walsh, mentioned the transfer “will further enable us to focus on delivering our long-term business plan.” That will embrace investing in new merchandise and applied sciences.


Motorsport

Second-Hand Mercedes-AMG One Will Cost You An Eye-Watering $5.45 Million

The Mercedes-AMG One is an automotive superhero, holding lap information at legendary tracks corresponding to the Nürburgring and Monza. Now, there’s one on the market for the equal of $5.45 million.

Exotic automobile seller F1rst Motors, situated in Dubai, is asking 20 million United Arab Emirates Dirham for this AMG One. The seller would not present any particulars concerning the automobile’s provenance, and claims there are zero miles on the odometer. While we’re positive the mileage is low, this automobile should’ve rolled not less than a couple of ft in some unspecified time in the future in its life, so the true mileage cannot be zero.


Motorsport

The 2024 Honda Civic Type R Costs $1,900 More For No Good Reason

Pricing is out for the 2024 Honda Civic Type R, and in the event you have been holding out for a purchase order this yr, we’ve some unhealthy information. You’ll pay $1,900 extra to place Honda’s scorching hatchback in your storage, and you will not get something additional for the hassle.

A year-over-year value improve actually is not unusual within the new-car world, although it often comes with adjustments like new options or extra customary gear. Sometimes, will increase are the results of an automaker dropping an entry-level trim, however none of that applies right here. A Honda spokesperson defined to Motor1 that the Civic Type R’s greater sticker value is because of “higher costs associated with production and logistics and is taking effect with the 2024 model year.”


Motorsport

Pagani Isn’t Building An Electric Hypercar Anytime Soon

Last week, Pagani debuted the roadster version of the Imola hypercar while simultaneously holding a major business event: the Asia-Pacific launch of the Utopia. Founder Horacio Pagani attended the premiere with his son Christopher and the pair answered questions from media representatives, telling Bloomberg that an electric hypercar from Pagani isn’t coming anytime soon. Why? We think you all know the answer.

Thanks mostly to the generous use of carbon fiber, the new Imola Roadster tips the scales at 2,776 pounds before adding all necessary fluids. In terms of weight, these figures put it in the supermini league but obviously, this is a mighty capable hypercar with a V12 engine under the bonnet.

Pagani_Utopia_01

In fact, low weight has always been among the most important advantages of Pagani’s vehicles, and switching to a battery electric powertrain, Horacio said, will have a negative impact on the car’s weight and overall performance. “It’s so different that you are losing a little bit of fun,” Horacio told the publication.

Last summer, a report from Autocar claimed Pagani had abandoned its EV research efforts, which it started in 2018. However, Horacio contacted us and told us the automaker would continue to invest in electrical technologies and develop batteries and electric motors for use in the future. But it seems that it will still be a while until the company releases a zero-emissions hypercar.

Pagani_Utopia_05

During the Utopia’s Asia-Pacific debut in Hong Kong, Horacio also discussed the automotive industry from a more global perspective. He was asked about the Chinese EV industry and said that “car prices are cheaper than European brands, and therefore the producers of European cars need to pay a lot of attention and put a lot of effort in to try to remain in this specific market and stay competitive.”

The country currently has the largest EV market on the planet and Horacio believes “there are a lot of opportunities for the Chinese brands in the EV segment and actually they are doing it very well when it comes to product and pricing.”

Motorsport

2024 Mazda CX-30 Base Price Increases by $2,000, Starting at $26,370

If you were planning to buy a new Mazda CX-30, we have some unfortunate news. Prices have gone up for all trim levels, and if you want the lowest or highest trim, the cost has significantly increased.

Specifically, the base model of the 2024 Mazda CX-30 2.5 S now costs $24,995. When you add the mandatory $1,375 destination charge, the total comes to $26,370 – a $2,045 price increase compared to the previous year. It’s important to note that this is still the same base CX-30 as last year, equipped with a 191-horsepower naturally-aspirated four-cylinder engine and a six-speed automatic transmission with standard all-wheel drive. The only notable addition is blind spot monitoring with rear cross-traffic alert, which is now included as part of the standard driver-assist tech package provided by Mazda. Other than that, there aren’t any significant changes for the 2024 model.