How a $2 billion Fairfax deal could affect the automotive industry

A deal between Fairfax Automotive and a consortium of lenders that includes private equity firm Kleiner Perkins Caufield & Byers could be the most significant of a series of deals involving the global auto industry.The consortium includes Goldman Sachs Group Inc, Deutsche Bank AG, Barclays Plc and UBS AG.A deal to buy the entire Fairfax […]

Read More →

How BMW will make the transition to electric vehicles in Europe

BMW will invest in electric vehicles, and will offer them to customers as a result, it said on Wednesday.The automaker has been exploring the possibility of building electric cars in Europe since 2014, and plans to introduce the technology at the Frankfurt Motor Show next month.The company’s European boss, Norbert Roemer, said the new vehicle […]

Read More →

How I Built My First Brand-New Lexus Hybrid for $1,100

By now, you’re probably familiar with the Lexus RX350 crossover, which launched in 2019 as the Lexusa and the Lexicast, and a handful of other models that have since followed.It was a stunning and successful product that had a whole new meaning for me as a car enthusiast and designer.When I first saw the RX350, […]

Read More →