Noé closes first deal after BMO sell-off

Property Week News Feed - 6 hours 11 min ago
Leo Noé’s new firm sells Manchester landmark to German fund for £87m
Categories: Property

Tech firm Popertee to bring pop-ups to House of Fraser

Property Week News Feed - 6 hours 11 min ago
Northern Irish company will use data to analyse customer profile of each store and match it with start-ups
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Retail agents face Christmas axe in JLL restructure

Property Week News Feed - 6 hours 11 min ago
Up to a dozen retail agents at JLL are facing redundancy a week before Christmas as the property advisory group reacts to the slowdown in the high street lettings market.
Categories: Property

M&G adds to its urban logistics portfolio

Property Week News Feed - 6 hours 11 min ago
M&G Real Estate has acquired two logistics assets for a combined £17m as it grows its £2.4bn industrial portfolio
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Jellycat goes west with White City move

Property Week News Feed - 6 hours 11 min ago
Soft toys company Jellycat has signed a deal to occupy space at Stanhope, Mitsui Fudosan and AIMCo’s White City Place scheme in west London
Categories: Property

Possible Mid-Engine Corvette CAD Drawings Leak

Motortrend News Feed - Thu, 12/14/2017 - 23:13

For years, the mid-engine Corvette has been “totally about to definitely happen very soon,” but considering how many leaks and spy shots we’ve seen lately, it seems like it’ll actually happen this time. Heck, we’ve even seen a camouflaged prototype stop off to order lunch at a McDonald’s drive-through. The latest reason we’re convinced the mid-engine Corvette is coming? Someone leaked what looks to be official CAD drawings.

Last night, on the aptly named forum CorvetteForum, a user with the name “ZERV” posted a link to CAD images that are almost definitely the mid-engine Corvette. The user didn’t stick around to answer any questions or explain where they found the images. To add fuel to the fire, the images disappeared almost as quickly as they were posted. Then, when user “firebirdfan” posted a backup album, that one was quickly deleted, as well. But since nothing on the internet ever truly disappears, the images live on.

That same user also highlighted several fascinating details shown in the images, like the coilover suspension, shocks that look to be either magnetorheological or ZR2-like spool valves, an engine that looks like an LT1, and quite a few parts that look similar to ones used on recent Corvettes. User “MikeG37” also pointed out that the side skirt shown in the above image almost perfectly matches up with ones we’ve seen on mid-engine Corvette prototypes.

Now, even if these CAD drawings show a very convincing mid-engine Corvette, there’s no guarantee they’re official. Someone could theoretically have created them just for fun. But these are some seriously detailed drawings, and creating them would take a ton of work. If someone actually did design the majority of a mid-engine Corvette purely for kicks and giggles, GM needs to give them a job tomorrow.

The simplest explanation is that these are real drawings. Maybe someone photographed them during some kind of demonstration, or maybe it’s an intentional leak on GM’s part. Either way, we have a hard time believing they’re fake.

So when will we see the actual car? If it’s at an auto show, you have to assume it will be Detroit, which means the big reveal could be about a month away. Then again, we could have to wait more than a year. If we got to choose, we’d pick the former, but sadly, GM doesn’t ask us.

Source: CorvetteForum

The post Possible Mid-Engine Corvette CAD Drawings Leak appeared first on Motor Trend.

Categories: Property

$135 Million Autonomous Test Center Opens in Michigan

Motortrend News Feed - Thu, 12/14/2017 - 22:45

A large proving ground for autonomous vehicles has just opened near Ann Arbor, Michigan, with Toyota and Ford among the investors for the space. Although not finished yet, the American Center for Mobility offers a number of real-world environments for testing out the capabilities of autonomous cars.

The center consists of a 2.5-mile highway loop, two double overpasses, a 700-foot curved tunnel, intersections, and roundabouts. Automakers can test here day and night, and under various weather conditions including sun, ice, rain, and snow. Toyota engineers arrived on the site December 13 for an orientation and driver training program. The Japanese automaker, as well as vehicle electronics supplier Visteon, are the first companies to use the site. Others are expected to arrive next week.

So far, the site has received $110 million in funding for the first two phases of the project, with more investments coming soon. Phase one construction kicked off this past May, and the next phase is expected to begin in the spring of 2018. At this time, the center will have an urban driving environment.

The test site is located on the 500-acre historic site where B-24 bombers were built during World War II. The site should help Michigan stay relevant in a changing world where the focus on car technology has centered on Silicon Valley as of late.

“This technology posed a hell of a lot of risk to this state,” Doug Rothwell, CEO of Business Leaders for Michigan and chairman of ACM’s board, told Automotive News affiliate Crain’s Detroit Business. “I’m heartened that everyone pulled together—state government, the private sector, universities—so that we could solidify our role in this growing part of the industry.”

Other than Ford, Visteon, and Toyota, other founders of the site include AT&T and Hyundai America Technical Center. These companies have priority for testing at the site, although others are welcome to use the space.

Source: American Center for Mobility, Automotive News (Subscription required)

Photos: American Center for Mobility

The post $135 Million Autonomous Test Center Opens in Michigan appeared first on Motor Trend.

Categories: Property

Subaru Finally Reveals Pricing for WRX STI Type RA and BRZ tS

Motortrend News Feed - Thu, 12/14/2017 - 20:05

In June, Subaru announced a limited run of track-focused STIs and BRZs. The STI would be called the Type RA, and the BRZ would be called the tS. Only 500 of each would be built, and we were promised that pricing would be made available at a later date. Well, today is that later date.

If you want a Type RA, Subaru says it will cost you $49,855 with delivery. The BRZ tS, on the other hand, will be $34,355. For comparison, a base STI costs $36,995 including delivery, and a base BRZ costs $26,315.

So what does all that extra money get you? If you choose the Type RA, it gets you a slight horsepower bump thanks to a new cold air intake, high-flow performance exhaust, retuned ECU, and stronger pistons. Subaru also threw in a short-throw shifter with a revised third gear, a carbon fiber roof and wing, inverted front struts, Bilstein dampers out back, retuned stability control, cross-drilled rotors with silver Brembo calipers, lighter 19-inch BBS wheels, and 245/35R19 Yokohama Advan Sport tires. It then removed the spare tire to save weight, added some red and black cosmetic accents, and stuck a Type RA badge on the trunk. Inside, you’ll find red stitching, a steering wheel wrapped in artificial suede, a few red accents, and a numbered plaque.

The BRZ tS, meanwhile, makes the same power as the base model but gets STI-tuned Sachs dampers and coil springs, a V-brace in the engine bay, a stiffer chassis, lighter 18-inch wheels, and 215/40R18 Michelin Pilot Sport 4 tires. Subaru also added a manually-adjustable carbon-fiber rear spoiler and a black body kit for better aerodynamics. Visual changes include a few red and black accents, STI covers instead of fog lamps, and rear tS badging. Interior changes are similar to the Type RA, with red accents being the biggest changes. You do, however, get a frameless rearview mirror.

If those changes sound like they’re worth it to you, look for the Type RA and the tS to land on dealer lots this spring.

Source: Subaru

The post Subaru Finally Reveals Pricing for WRX STI Type RA and BRZ tS appeared first on Motor Trend.

Categories: Property

Thor Trucks arrives as the latest electric-semi competitor

The Car Connection News Feed - Thu, 12/14/2017 - 20:00
While battery-electric cars slowly start to become viable daily transportation options, companies have begun looking to the commercial sector for a similar revolution. Specifically, many companies have their eyes on the semi-trailer truck market and there's a new face in town: Thor Trucks. Thor revealed its first semi, the ET-One, Wednesday, and...
Categories: Property

1 Millionth Toyota Corolla Rolls off the Line in Mississippi

Motortrend News Feed - Thu, 12/14/2017 - 19:19

It has been six years since Toyota opened a manufacturing plant in Mississippi, and now the factory has produced its 1 millionth Corolla.

Toyota has been building Corollas at the plant at a rapid pace. The company made its 500,000th Corolla not too long ago in February 2015. The Corolla is the only vehicle made at the facility.

For decades now, Toyota has been trying to build cars in the markets where they are sold. The automaker broke ground on the plant in Blue Springs, Mississippi, in 2007 but put construction on hold during the recession. In November 17, 2011, Toyota produced its first Corolla at the plant, which can make 170,000 units a year.

Toyota will continue making Corollas in the 2 million square foot facility in Mississippi. Starting in 2021, Toyota and Mazda will open a shared plant in the U.S. that will build Corollas and Mazda crossovers. Toyota had originally planned to make Corollas from 2019 at its new plant in Guanajuato, Mexico, but the automaker ultimately decided it will build the Tacoma pickup there instead.

The Toyota Corolla sedan hasn’t been completely redesigned since the 2014 model year, but it did undergo a mild face-lift for 2017. Power comes from a 1.8-liter inline-four making between 132 and 140 hp.

Source: Toyota

The post 1 Millionth Toyota Corolla Rolls off the Line in Mississippi appeared first on Motor Trend.

Categories: Property

Aston Martin Thinks Hypercars Could Save Le Mans Racing

Motortrend News Feed - Thu, 12/14/2017 - 18:35

With PorscheAudi, and Nissan now out of LMP1, the top level of endurance racing, Toyota is the only manufacturer left to compete at Le Mans. Since it’s not particularly exciting to watch one works team race itself, this has left the sport in an unstable position. But if Aston Martin gets its way, the FIA would try to save LMP1 by allowing road-based race cars.

Speaking to Autocar recently, Andy Palmer, CEO of Aston Martin, said officials from the FIA had approached him about potentially changing regulations to attract more automakers. His suggestion? Open LMP1 up to race cars based on production models.

“My personal perspective is very clear: Aston Martin will never compete in a prototype category because it has no relevance to us,” he said. “But if they allowed racing derivatives of road cars, that would be very interesting to us and, I suspect, the fans.”

The way Palmer sees it, having production-based cars compete in LMP1 would go beyond attracting more manufacturers. It would also keep with Le Mans tradition. “Road-derived race cars fighting for the win is in keeping with the history of sportscar and Le Mans racing,” said Palmer. “And the prospect of the likes of Valkyrie fighting against McLaren P1, LaFerrari and more would be interesting to more than just me, I suspect.”

When Autocar asked Palmer if Aston Martin would race the Valkyrie in LMP1 if the FIA adopted his rules suggestion, he responded, “Watch this space.”

We’re not sure how likely such a rule change is, but the man makes a point. Plus, if no other manufacturers want to take on Toyota, the FIA might not have a choice.

Source: Autocar

The post Aston Martin Thinks Hypercars Could Save Le Mans Racing appeared first on Motor Trend.

Categories: Property

Lockton locks up Longman as new real estate senior VP

Property Week News Feed - Thu, 12/14/2017 - 18:22
Insurance broker Lockton has appointed Toni Longman as its new senior vice president within its London-based real estate and construction (REAC) practice.
Categories: Property

2018 Subaru Impreza

The Car Connection News Feed - Thu, 12/14/2017 - 16:53
The 2018 Subaru Impreza is a compact sedan or hatchback that offers the four-seasons security of all-wheel drive as standard. But you don’t have to be a snowbelter to appreciate the Impreza’s virtues. These compact cars boast good road manners, a comfortable, roomy interior, good fuel economy, and a superlative safety record. Only an...
Categories: Property

Report: Ford to End Fusion Production in North America

Motortrend News Feed - Thu, 12/14/2017 - 16:36

Ford will stop building the Fusion sedan in North America at the end of the decade, according to a report from Automotive News. Citing unnamed sources familiar with the matter, the report claims Ford has told suppliers it will not build the Fusion at its current home plant in Hermosillo, Mexico when it enters its third generation.

The report brings up the question of whether Ford will stop selling the Fusion in the U.S. or simply build it at another global plant. Ford will also reportedly stop building the Mondeo, Europe’s version of the Fusion, at a factory in Valencia, Spain. We’re unsure what to make of the reports, given the automaker expressed the importance of the Fusion to its lineup in a recent statement, also saying it won’t export the next-gen model from China to North America and Europe.

“We have no plans to export the next-generation Fusion/Mondeo from China to North America and Europe,” Ford said in an emailed statement to Motor Trend. “Fusion/Mondeo are an important part of the Ford car lineup. We will have more to share about the next-generation Fusion/Mondeo at a later date.”

A few months ago, Ford said it would offer fewer car nameplates in the future. The company is also reallocating $7 billion from cars to trucks and SUVs including the upcoming Ranger. If Ford chose to nix the Fusion from its North American lineup, it would become the highest-volume car to go out of production in the region as a result of the crossover craze.

According to one source cited by AN, Ford will produce the third-generation Fusion starting in 2020. It will be a 2021 model year vehicle. Fusion sales are down 22 percent for the first 11 months of this year in the U.S.

Recently, it was reported that Ford no longer plans to build an electric SUV at its Flat Rock plant in Michigan. Production of that model has been moved to Ford’s Cuautitlan Stamping and Assembly Plant in Mexico, reports say.

Source: Automotive News (Subscription required)

The post Report: Ford to End Fusion Production in North America appeared first on Motor Trend.

Categories: Property

2018 Toyota Prius, 2018 Infiniti QX80, Electric car buying: What’s New @ The Car Connection

The Car Connection News Feed - Thu, 12/14/2017 - 15:30
2018 Toyota Prius Review The 2018 Toyota Prius quietly marches on this year—literally and figuratively. What's New for 2018: GMC General Motors' continued efforts to differentiate its truck brand from the rest of its offerings are in full force this year. What's New for 2018: Volkswagen This year, the VW lineup grows upward and outward with...
Categories: Property

Volkswagen I.D. Buzz Concept Review: Driving VW’s Electric Microbus Concept

Motortrend News Feed - Thu, 12/14/2017 - 15:15

Reinvention ain’t easy—just ask Blockbuster how well that DVD rental to streaming video transition went.

Volkswagen, long the poster child of efficient diesel transportation, is going through a similar (though hopefully far-more successful) transformation after its diesel emissions scandal, pivoting from diesel engines to a new family of electric vehicles, called I.D.

Ever pragmatic, VW knows it needs a global halo of sorts for its new I.D. lineup, which includes the not-for-U.S. Volkswagen I.D. hatchback and the global VW I.D. Crozz crossover. Both are acceptable if a bit bland, but neither meaningfully moves the needle into gotta-have-it territory.

Which is how I found myself in Los Angeles’ bro-hemian Venice Beach, behind the wheel of the VW I.D. Buzz concept. Slated to go into production in 2022, two years after the I.D. and I.D. Crozz, Volkswagen hopes the reborn electric Microbus will build buzz and amp up customers for its new I.D. lineup. Yes, this stuff writes itself.

The I.D. Buzz is a lot like Venice, where you’re just as likely to find hippies in drum circles and people living in their vans as you are the nouveau riche and tech bros in multistory modernist modules.

Its styling is a callback to VW’s free-love heyday. VW Group’s new modular MEB platform is the host for all three I.D. vehicles—which allows Volkswagen to nail the Microbus proportions and design of the I.D. Buzz, in that it artfully blends old styling cues with new. The cabin, which seats up to eight, is as versatile as the original, with seats that convert the cabin into a lounge or even a bed.

Underneath the I.D. Buzz’s retro sheetmetal is a modern platform with a floor-mounted battery, front and rear electric motors, and electrical architecture that should eventually allow the production version to drive autonomously. A caveat: The I.D. Buzz concept runs and drives, but it’s a long way off from what the production version will be like.

This one is more of a proof of concept, powered by an e-Golf powertain with 200 miles of range and limited to a mere 20 mph. But the production version should be able to go farther, faster. VW says there will be three powertrains with three battery sizes—a rear-drive 201-hp motor paired with a 60 kWh battery, a 302-hp dual-motor all-wheel-drive version with an 83 kWh battery, and another dual-motor all-wheel-drive version with 368 hp and a 100 kWh battery. Volkswagen says the production version should be able to travel between 250 and 310 miles on a charge.

For a hand-built concept, the fact that VW is confident enough to turn me loose on a half-mile stretch of Venice’s bustling Abbot Kinney Boulevard says a lot (though in retrospect, I did have an LAPD escort and two VW minders).

Press the “D” on the I.D. Buzz’s rectangular steering wheel to engage the concept’s single forward speed, tap on the accelerator (it’s helpfully marked with the “play” symbol; the brake gets the pause symbol), and the I.D. Buzz motors off smoothly and quickly like any run-of-the-mill EV. There’s not a ton of regeneration once off the throttle, but the brakes thankfully bite pretty well. The I.D. Buzz feels pretty agile considering its handmade tires, though its turning circle is wider than expected, an issue amplified by the oddly shaped steering wheel.

With five years to convert the I.D. Buzz from concept to reality, VW has plenty of time to make the I.D. Buzz fun to drive—something the original Microbus was in a prehistoric, underpowered way. Even if the I.D. Buzz drives like the original when it and its cargo van variant go on sale in 2022, it won’t matter—the crowds mobbing the concept in Venice show VW’s mission is already accomplished.

The post Volkswagen I.D. Buzz Concept Review: Driving VW’s Electric Microbus Concept appeared first on Motor Trend.

Categories: Property

LSH posts a £12m rise for 2017 auctions

Property Week News Feed - Thu, 12/14/2017 - 15:00
Lambert Smith Hampton’s annual sales total has increased by 20% year on year.
Categories: Property

Tesla partners with British insurer for Autopilot discount

The Car Connection News Feed - Thu, 12/14/2017 - 13:47
British insurer Direct Line is now offering a 5 percent discount to Tesla drivers to encourage them to use semi-autonomous driving tech. The offer is part of a collaboration between the insurance company and Tesla, which is estimated to have sold over 2,500 vehicles equipped with its Autopilot tech in the U.K. to date. The tie-in is part of the...
Categories: Property

Pocket adds to London land bank with quadruple site acquisition

Property Week News Feed - Thu, 12/14/2017 - 12:27
Affordable housing developer Pocket Living has announced plans to build 250 new homes in north London having acquired four new surplus public land sites.
Categories: Property

LXi completes trio of land deals

Property Week News Feed - Thu, 12/14/2017 - 12:22
LXi REIT has completed three land acquisitions as part of a trio of pre-let forward-funding property deals in Swindon, Bradford and Chesterfield.
Categories: Property