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>>> 31st July 2002:  Fiat's cut targets as they struggle with large second quarter losses and continuing falling sales
 
Fiat have cut their auto division targets for 2002 as they posted their second quarter sales figures and are now expecting to make a full year loss. They claim a first six months loss of €426 million, €127 million of that coming in the second quarter, worse that analysts forecasts of a loss between €100-110 million. The struggling car manufacturing divison, with sales down 19%, posted a second quarter operating loss of €394 million, marginally better than the first quarter loss of €429 million.

Fiat expect that the second quarter figures will "significantly" improve, but a full year loss cannot be avoided. Fiat had hoped to keep this years nett loss "no greater" than last years €549 million, but accept that this target will now be overshot. Although tough action is called for, analysts generally accepted that Fiat were making realistic progress in restructuring the company and that objectives were realistic.


>>> 29th July 2002:  'Car' magazine gives Pagani Zonda C12 the thumbs up
 
click here for more detail of the Pagani Zonda C12 tested against the Ferrari 575M and Lamborghini DiabloHighly respected leading UK monthly motoring magazine 'Car' has given the thumbs up to the little known Italian supercar, the Pagani Zonda, after a head to head test with its rivals from Ferrari and Lamborghini. The new Ferrari 575M and the new Lamborghini Murcielargo were pitted together in the showdown of the Italian supercars, with the Modena-built Pagani Zonda C12 thrown in. During the exhaustive test 'Car' dismissed the Murcielargo quickly, leaving the Zonda C12 up against the market leading Ferrari 575M. While acknowledging that the Ferrari was the most refined and efficient of the two, the testers were looking for out and out supercar thrills and excitement, and eventually picked the Zonda over the more clinical Ferrari.

>>> 28th July 2002:  new "baby" Lamborghini L140 out testing
 
click here for further detail, including rear shots of this L140 prototype testing Caught testing, the new "baby" Lamborghini L140, due for release at next spring's Geneva Motor Show. Expected to go head to head with the Ferrari 360 Modena, Lamborghini are confident that performance will be "significantly" better than the Ferrari.

With significant imput from owners Audi, the 4WD L140 will have a mid-mounted V10 engine in excess of 4-litres, producing 400+bhp. The car, expected to be made available with 6-speed or "Selespeed" transmission, will feature an advanced electronically controlled chassis stability system.


>>> 27th July 2002:  Italdesign Brera stars at Goodwood Festival of Speed
 
Italdesign brought their exciting Alfa Romeo "Brera" prototype to the recent Goodwood Festival of Speed, where, after a series of impressively fast runs it became undoubtedly one of the stars of the event. A fully functioning prototype, the Brera, based on a Maserati Coupe floorpan and drivetrain, is Guigaro's interpretation of a large Alfa Romeo GT "tourer".

As well as the Brera, rare historic Alfa Romeo, Lancia and Ferrari racing cars took part, including a recontructed Lancia D50, an unusual Alfa-powered Nardi and the legendary F1 winning Alfa Romeo 159.

click here to see the Italdesign Brera at the Goodwood Festival of Speed. Also see other historic Italian cars taking part
click here to see the Italdesign Brera at the Goodwood Festival of Speed. Also see other historic Italian cars taking part
click here to see the Italdesign Brera at the Goodwood Festival of Speed. Also see other historic Italian cars taking part


>>> 24th July 2002:  "Enzo" Ferrari receives its official press launch at Fiorano
 
click here to see more of the Enzo Ferrari's press launch At Fiorano, in the presence of over one hundred journalists and cameramen, Ferrari President Luca di Montezemolo launched the Ferrari 'Enzo' to the press. The Enzo is to be officially unveiled at the Paris Motor Show in September. Montezemolo was joined by Amadeo Felisa who is regarded as the "father" of the "Enzo" project and Sporting Director Jean Todt who, along with his team including Michael Schumacher, has contributed to the development of the car.
click here for more Ferrari released sketches of the new Enzo Ferrari click here for more Ferrari released sketches of the new Enzo Ferrari Ferrari release a series of artist's sketches and publicity photos of the new "Enzo" supercar.

>>> 23rd July 2002:  Alfa Romeo to introduce four wheel drive across the model range
 
four wheel drive will be an option on the 156 SportwagonAlfa Romeo have confirmed that every model range will receive a four wheel drive option within the next few years. The intergrated 4x4 systems will be developed with partner GM, slotting into the jointly developed platforms.

The 147, 156, 166 and GTV/Spider will all be available in this guise. The Alfa Romeo developed 147 will receive a 4x4 option. When the joint GM/Alfa "Epsilion" platform to be used on the Alfa 156 replacement hits the showrooms in 2004 it will intergrate 4x4, while the GM/Alfa "Premium" platform which is will spawn the new GTV the same year and the 166 replacement in 2005 will also incorporate 4x4.

Alfa Romeo had already taken the decision some time ago to offer 4x4 on the new GTV, which is being designed to target the US market and will be larger in size than the current model and have an increased engine capacity.


>>> 22nd July 2002:  Alfa Romeo insiders confirm image similarity to new 156 based "Sprint" coupe
 
click here to enlarge this image of the Alfa 156 based coupe Alfa Romeo insiders who have seen the new "Sprint" coupe confirm the close similarity to this computer generated image. However it is believed that the car will have a greater rear overhang than this image suggests.

The car, which is in effect a 156 Coupe and takes its external ( and possibly internal ) styling cues from the 147, is expected to be marketed as a seperate model with no reference to either the 147 or 156.


>>> 21st July 2002:  Michael Schumacher wraps up record-equalling sixth F1 World Championship at Magny Cours
 
Michael Schumacher on his way to victory at the French Grand Prix, a result that confirms his fifth F1 world title. Click here for full Grand Prix & qualifying reports from the French Grand Prix
Michael Schumacher wrapped up his fifth Formula 1 World Drivers Championship title today at the French Grand Prix, equalling Juan Manuel Fangio's long standing record, at a race dominated by pit stop errors. Schumacher, who had earlier been given a drive through penalty, won somewhat fortituitously when McLaren-Mercedes driver Kimi Raikkonen, seemly on his way to a maiden grand prix victory, made an error with only four laps remaining.

>>> 20th July 2002:  Art Centre College students show off two Alfa GT-based concepts
 
click here for more detail of Tom Matsumoto's Alfa Romeo Elessa GT touring saloon concept click here for more detail of Jae Shin's Alfa Romeo Xapher GT 2-seater concept The Art Centre College of Design in Pasadena held its 2002 Graduation Senior Show recently. It featured models and drawings by ten graduating students on the Batchelor of Science - Transportation design programme. Two interesting works, based on an Alfa Romeo large GT concept, currently a talking point with Alfa Romeo mooting the possibility of adding one to the range, were Tom Matsumoto's 'Elessa' and Jae Shin's 'Xapher'.

>>> 19th July 2002:  mild facelift for long serving Alfa Spider
 
click here for more detail of the Alfa Spider Elegante click here for more detail of the Alfa Spider Sportiva Alfa Romeo have given the Spider a mild cosmetic facelift, introducting two new versions with different trim and equipment levels, the "Elegante" and "Sportiva".

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