70s rally car Alpine to return - at lower price
Renault CEO Carlos Ghosn, left, shake hands with Caterham CEO Tony Fernandez following their joint news conference at Renault headquarters in Paris, Monday Nov. 5, 2012. THE CANADIAN PRESS/AP, Jacques Brinon
PARIS - A sports car for the recession?
Renault and the Caterham Group announced Monday plans to revive the French automaker's Alpine sports car — and to sell it at a reasonable price. Caterham CEO Tony Fernandez promised he would do for sports cars what he has done for air travel with his low cost airline AirAsia.
Renault CEO Carlos Ghosn said they would modernize the Alpine while retaining the "DNA" of the venerated brand that captured rally titles in the 1970s but has since been discontinued.
Neither man gave details on the cars' design or price, saying they didn't want to constrain engineers. The car will be manufactured in northern France — a boon for the country's struggling industry. It won't hit markets for three or four years.
A 1967 Shelby GT500 Super Snake sold for $1.3 million. Do you think classic cars were made better than modern rides?
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- Yes, the quality of cars from the 1960s and '70s is the best
- No, modern technology makes cars better today
- Maybe, it's hard to say since most Canadians get a new car every 10 years