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Massa victorious, Hamilton champion after nail-biting finish in Brazil

Posted by dennywigxs on November 3, 2008

McLaren’s Lewis Hamilton is the 30th – and youngest-ever – world champion. Lady Luck was on his side after title rival Felipe Massa dominated at Interlagos. The Brazilian crossed the line first after a pluperfect performance – and seemed to have achieved the impossible – as Hamilton trailed in sixth.

Rain in the closing stages had prompted the first five – Massa, Renault’s Fernando Alonso, Ferrari’s Kimi Raikkonen, Hamilton and Toro Rosso’s Sebastian Vettel Read the rest of this entry »

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Peugeot offered the 607 with petrol or diesel power

Posted by dennywigxs on November 3, 2008

Make it as comfortable as a feather mattress, as sleek as an otter and as French as Gérard Depardieu. Apparently that was the design brief for Peugeot’s flagship 607, which, incidentally, went on to be a UK sales disaster.

Launched at the end of 2000, it was a slow seller and a rapid depreciator, so today used prices start at a measly £2,000 for a tidy 2000-registered example. To attract buyers, Peugeot kitted it out with everything but the kitchen sink, so all models have climate control, electric windows, cruise control and a host of airbags. The SE — the biggest seller — adds parking sensors and a sun blind, and later on in the 607’s life came colour sat nav and electric seat adjustment. These toys are of course more things to go wrong, so check they work properly.

Peugeot offered the 607 with petrol or diesel power, Read the rest of this entry »

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Indonesia’s Bakrie group sells Bumi stake for $1.3 bln

Posted by dennywigxs on November 3, 2008

Indonesia’s Bakrie & Brothers Tbk said it would raise $1.3 billion from the sale of a stake in coal miner Bumi Resources to repay debt, a move that may restore some confidence in the country’s battered stock market.

Bakrie & Brothers, which has interests in energy, property and telecoms, has been struggling to raise over $1 billion to repay short-term debt amid global financial market turmoil.
Concerns about the group’s financial health contributed to a sharp sell-off in Indonesia’s stock market <.JKSE>, prompting the authorities to close the exchange for three days last month.
Bakrie & Brothers, controlled by the family of Indonesia’s Read the rest of this entry »

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