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On this day in history: May 1
  • 1924: Daimler (Mercedes) and Benz sign a contract of 'mutual interest', a question of survival for both companies.
  • 1933: The Marmon Motor Car Company entered receivership
  • 1986: A first prototype '' Phase 1 '' is manufactured by Lotus. It prefigures the spectacular Corvette ZR-1 of 1990.
NewsFiat aims for Opel deal without running up debt
Fiat Group SpA aims to take over General Motors Corp.'s main European unit without running up debt in a deal that could require billions of dollars in government loan guarantees, Germany's economy minister said Monday. Fiat's concept _ part of a wider plan to build a global powerhouse also including …
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