2006 Bugatti Veyron. 980 Miles. Black/red Black Interior. San Diego on 2040-cars

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Felicity Ace sinks with thousands of VWs, Porsches, Lamborghinis

The stricken ship Felicity Ace sank overnight after a week of salvage efforts ultimately proved unsuccessful. The ship, which was carrying up to 4,000 VW Group cars, went to the bottom unexpectedly while a salvage team was attempting to tow it to shore, Bloomberg reports.  "Initial reports from the local salvage team state that the vessel had sunk at around 9AM local time having suffered a list to starboard," Mitsui O.S.K. Lines transportation company (MOL), which owns the Felicity Ace, said in a statement released early Tuesday.    "The last vessel position was around 220nm off the Azores," MOL said. "The salvage crafts will remain around the area to monitor the situation. Further information will be provided as it becomes available." The ship sank after being battered by waves and listing 45 degrees to starboard, the ship’s operator said. “The weather was pretty rough out there,” Pat Adamson, a spokesperson for MOL Ship Management (Singapore), a unit of Mitsui OSK Lines Ltd., said by phone. “And then she sank, which was a surprise.” VW, Porsche, Audi, Bentley and Lamborghini-branded models were aboard the ship, which was headed to Rhode Island from GermanyÂ’s Emden port when the fire broke out on Feb. 16.  Rough seas and ongoing fires fueled by the lithium-ion batteries of EVs onboard delayed the ship's salvage and recovery operations for the better part of a week. While the likelihood of salvaging the smoke and potentially fire- and water-damaged vehicles from Felicity Ace's hold was slim to none, some had held out hope that their special-ordered vehicles might survive the mishap.  The Panama-flagged Felicity Ace was safely evacuated of its 22 crew members by the Portuguese navy after a fire started in its hold more than a week ago. The ship can carry up to 4,000 cars. European carmakers declined to discuss how many vehicles and what models were on board, but it appears to have been transporting approximately 2,500 cars, including roughly 1,100 Porsches and an undetermined number of Volkswagens.  The cars aboard were on order. Porsche customers in the United States were being contacted by their dealers, the company said. “We are already working to replace every car affected by this incident and the first new cars will be built soon,” Angus Fitton, vice president of PR at Porsche Cars North America, Inc., told The Associated Press in an email. The ship sank in water nearly 10,000 feet deep, the Portuguese Navy said.

Volkswagen Group previews its wares on eve of Geneva show

The Volkswagen Group is comprised of 11 brands producing 240 vehicles across 49 factories throughout the world. So the best way to show off the range of the VW family is to cram a few thousand journalists and VIPs into a massive makeshift stand to outline the Group's goals, what's in the pipeline and what you'll be able to buy later this year.
To that end, VW pulled out all the stops on the eve of the 2012 Geneva Motor Show, bringing along 10 vehicles from across the range. We'll be delving into the details of each over the next two days of show coverage, but before that happens, you can read all about what we saw tonight from the cheap seats after the break.

Bugatti Chiron to cost $2.5 million

Bugatti CEO Wolfgang Durheimer said the mission of the coming Chiron is to outdo the Veyron "in all dimensions." Durheimer also said that "the price/prestige axis is one of the fundamental axes at Bugatti," which explains why Car magazine's sources say the Chiron will cost 2.2 million euros. At the present exchange rate that's $2.471 million, but more importantly, in Car's home currency it's a 650,000-pound premium over the Veyron – an extra million dollars. The price premium is misleading, though, since Bugatti hasn't sold a Veyron with an MSRP of 'just' $1.5 million in a few years. The standard Grand Sport Vitesse listed at $2.5 million, and that was before the end-of-run Grand Sport Vitesse special editions began rolling out, any of which could have been called the Bugatti Blank Check Edition. So when prospective buyers were told they could get the Chiron's 1,480 horsepower, 0-to-62 mph time of 2.3 seconds, upgraded technology, better gas mileage, 288-mph top speed, and more comfortable ride and handling for about the same price as the old car, their first question might have been, "So what's the catch?" Car says Bugatti intends to build 500 Chirons, 50 more examples than the Veyron got. We could see it as soon as next year's Geneva Motor Show.