Classics Used car: Aramis Auto (Stellantis) could go public, UK acquisition
Bentley completes first ’29 Blower continuation car—horsehair seat stuffing and all
Forty thousand man hours later, Bentley has completed the first meticulously recreated 1929 4 1/2 liter, supercharged Blower, resurrecting a line of continuation cars 90 years after the original. The whole effort is totally fascinating. Bentley announced the Blower continuation project back in September of 2019, and we’ve covered each milestone since: the completion of […] The post Bentley completes first ’29 Blower continuation car—horsehair seat stuffing and all appeared first on Hagerty Media.
Aramis Auto, a subsidiary of Stellantis (PSA - FCA), buys CarSupermarket.com - a "British pioneer in the sale of used cars" - and aims for a possible IPO.
A major IPO is looming for 2021 on the Paris Stock Exchange. Wishing to "accelerate its European expansion", the internet vehicle sales platform Aramis Auto, a subsidiary of(resulting from the merger between and Fiat Chrysler), wants to "explore the possibility of an introduction on the Stock Exchange on Euronext Paris in 2021 ", subject to market conditions and to obtaining regulatory authorizations. "An IPO would strengthen the strategic and financial flexibility of the group to enable it to seize the important growth opportunities to come and accelerate its development in Europe", in a market "very fragmented", underlines the management.
The 1971–76 Olds Ninety-Eight was the thinking man’s Cadillac
Of all the GM marques that have been consigned to the history books, it’s Oldsmobile I miss the most. During my early childhood in the ’80s, they were everywhere. Cutlass Cieras and Cutlass Supremes most of all, but there were plenty of others out and about. I always loved the top-of-the-line Ninety-Eights. The Ninety-Eight was […] The post The 1971–76 Olds Ninety-Eight was the thinking man’s Cadillac appeared first on Hagerty Media.
Aramis has, according to its press release, acquired a majority stake in MotorDepot Ltd, the parent company of the CarSupermarket.com site, presented as a "British pioneer in the sale of". The group does not disclose the precise terms of the transaction, which will raise the bar of one billion euros in turnover, after its expansion in Spain with Clicars in 2017 and in Belgium with Cardoen in 2018.
Before its merger with FCA within Stellantis, PSA had acquired approximately 70% of the capital of Aramis. In the event of an IPO, Stellantis "would retain a majority stake in the group, while the two co-founders of Aramis Group would remain key shareholders", according to the press release. From September 2019 to September 2020, in a very dynamic second-hand market, Aramis recorded a turnover of 831 million euros, up 12% over one year.
Nissan to roll out its Nissan@home online buying experience nationwide
The program has been a big hit at the seven dealerships involved in its pilot program.Announced Monday, the service is called Nissan@home and lets prospective buyers schedule and complete a test drive, do all the negotiation and paperwork of buying the car, and schedule and take final delivery of their vehicle, from their computer or mobile device. Nissan@home can also be used to schedule service appointments.
Founded in 2001, CarSupermarket.com recorded more than £ 220 million in sales in 2020, selling 20,000cars via its two brands "CarSupermarket.com" and "Motordepot.co.uk", and a network of 12 agencies. Like Aramis, CarSupermarket.com also operates a vehicle reconditioning site.
2022 Toyota 86 embraces sports car evolution with fresh looks, more power .
The Subaru BRZ's twin is finally here, and like the BRZ, the new Toyota 86 keeps the back-to-basics sports car formula in great shape.Toyota revealed the new 86 in Japan with partner Subaru showing off the BRZ for the first time locally. While the two wear different wrappers, the 86 is once again largely an identical car to the BRZ. Behind the Toyota Gazoo Racing grille sits a 2.4-liter flat-four engine, sans turbocharger, that makes 230 horsepower and 184 pound-feet of torque. We'll have to wait for US-spec units to see if the 86 actually makes a couple more horsepower than the BRZ's 228 hp, or if the kilowatts-to-horsepower conversion is generous.