Latest news with #Albor
Forbes
5 days ago
- Automotive
- Forbes
New Italian V12 Hypercar Brand Debuts With More Than 2000hp
Italian hypercar newcomer Giamaro Automobili has debuted a rolling version of its Katla. Photo: ... More Giamaro Automobili Italy's Motor Valley has given birth to another high-horsepower, high-cost protagonist with the launch of the Giamaro Automobili brand. The same region that gave the world Ferrari, Maserati, Lamborghini, Dallara and Pagani has just seen the unveiling of the four-turbo, 7.0-liter V12 Giamaro Katla hypercar with more than 2126hp. Weighing a claimed 1450kg, the Giamaro Katla is based on a carbon-fiber chassis, with all of that power driving only the rear wheels via an seven-speed gearbox, with an 11-speed, paddle-shift transmission also under development at Cavezzo, near Bologna. A four-turbo V12 powers the rear-drive Katla hypercar. Photo: Giamaro Automobili But Giamaro also revealed an upcoming second model, the Albor, which will share the Katla's V12 engine and carbon-fiber tub, but use them in a different way, with a different philosophy. The unfortunate-looking Giamaro Albor will share its engine and carbon-fiber chassis with the Katla, ... More but has a more crossover SUV stance. Photo: Giamaro Automobili Named after the Albor Tholus volcano on Mars, the Albor will follow the Katla into production after at least a year's wait, with a slightly more crossover-SUV stance than the inaugural Giamaro model. The Giamaro Albor looks even more confused from the rear, but will be quick. Photo: Giamaro ... More Automobili So far, the Giamaro brand, founded by Italian bedding specialists Giacomo and Pierfrancesco Commendatore, has launched only one model and has focused on its incredible V12. After developing an astonishing two-stroke V12 just to see if it could be done, Giamaro turned its attention to a more conventional four-stroke V12, with four turbochargers nestled inside the 120-degree hot vee between the cylinder banks. The quad-turbo V12 shares nothing with any other internal combustion engine on sale today, and even a 7.0-liter capacity is enormous by Italian standards. The engine revs to 9000rpm and Giamaro insists it doesn't need electric boosting because its 1481 foot-pounds of torque is more than enough to propel its light chassis towards the horizon. The schematics show the 7.0-liter V12 barely squeezing in to the carbon-fibre tub of the Giamaro ... More Katla. Photo Giamaro Automobili. It's so powerful that Giamaro promises to deliver the Katla with three keys: a white one for between 396hp and 790hp, a black key to deliver up to 1647hp and a red key to punch out the maximum of 2126hp. Giamaro has yet to make performance claims for the Katla - named after Iceland's most potent volcano - but the two-seater is expected to easily top 250mph. 'This engine represents everything we stand for — a passionate love letter to pure engineering ,' Giacomo Commendatore said. 'There's a spirit in the V12 that no other configuration can replicate. It speaks a visceral language, straight to the heart. It doesn't just move — it takes hold of you, ignites your senses, and leaves a lasting impression." Giamaro has gone for an interior of conventional design but high-quality materials. Photo: Giamaro ... More Automobili. Beneath the Katla's body is a carbon-fiber monocoque that weighs 170 kg and Giamaro claims it delivers over 40kNm/deg of torsional rigidity and more than 16 kN/mm of flexural stiffness to put it on a par with neighboring Pagani. It runs custom Bridgestone Potenza Sport tires and all the significant suspension components, from the double wishbones to the uprights and arms and the rear suspension supports, are machined from solid 6062 T6 aluminium alloy. It uses both active aerodynamics and active suspension, with electrically adjustable dampers that continuously fine tune the road holding, and it also constantly adjusts its ride height to match the aerodynamic targets at every speed. Each axle has its own central third spring to deliver almost infinite suspension adjustment and fine tuning. It stops with 420mm carbon-ceramic front brakes and 10-piston calipers, while the rear is anchored by 410mm carbon-ceramic discs with four-piston calipers. The Katla will be 189 inches long, 79.8 inches wide and just 46.8 inches high, riding on a 108.3-inch wheelbase. 'We founded Giamaro Automobili to create something rare, authentic, and unrepeatable — something with soul, courage and clarity of purpose,' Giacomo Commendatore said. 'For us, a car must be more than fast or beautiful. It must stir something deeper — it must transcend. It must connect with the person who lives it, becoming an extension of their identity. Our goal was never to chase trends or numbers, but to create machines that evoke feeling, provoke thought, and leave a lasting mark. "Giamaro is for those who believe a car should move the heart before it moves the wheels.' The company is based around its R&D center in Cavezzo, but is officially in Castelfranco Emilia, within 30 miles of Maserati, Ferrari and Lamborghini. It is also restoring the decrepit 17th-century Villa Pietramellara to house the ambitious Palazzo Giamaro as a welcome space for clients.
NDTV
22-05-2025
- Business
- NDTV
Ex-CEO Of Ocean Theme Parks Defends Record After Dolphin Deaths
Another dolphin has died in an aquatic park operated by The Dolphin Company, the fifth in the last year as an executive and lenders fight for control of the bankrupt company. Independent managers in the US were unable to get help investigating the cause of the death from company veterinarians in Mexico, where Chief Executive Officer Eduardo Albor maintains control of the headquarters and some of the parks. Operations in Europe, the US and the Caribbean are under the control of lender-appointed managers. The dolphin, named Robin, died at one of the attractions in Italy last month, said Robert Wagstaff, chief restructuring officer for the lender-controlled side of the business. Wagstaff was hired by a newly installed independent director in March. Wagstaff and Albor testified in federal court in Wilmington, Delaware on Wednesday as part of a fight over the company's Mexican operations. Under questioning by his lawyer, Albor insisted that his top priority was protecting about 300 dolphins and other animals that are the main attractions at the parks and also serve as collateral for the lenders. "Other than people safety, animal health care comes first," Albor said. "We don't look at this as strictly business. This is a mission that we have." Wagstaff testified that after he was appointed by lenders, he discovered serious financial problems that threatened operations at some the US parks. At one point a park was closed for 10 days because worker compensation insurance benefits had not been paid, he said. Locks Changed The lenders have been trying to remove Albor since last year when the company defaulted on about $100 million in debt. Albor has used court cases in Mexico to try to block lenders from taking over the company and to remove their representatives from the headquarters in Cancun. Last month, Albor, with help from state police officers, took back control of the headquarters building, which the executive owns. After putting the corporation into bankruptcy in the US, lenders had temporarily changed the locks on the building, including on Albor's personal office. The two sides have been fighting over company records, computer systems and access to employees who are needed to operate the Mexican businesses. US Bankruptcy Judge Laurie Silverstein must decide whether to take action against Albor or allow him to keep trying to fight the lenders in court in Mexico. The lenders want Silverstein to order Albor to cooperate with their efforts to reorganize the parks, including those in Mexico. Caught between the two sides are employees and animals spread among the company's various parks. The dolphins, sea lions and other animals are both the main attractions and valuable collateral for the lenders. Albor denied that he ordered the company's most senior vets in Mexico not to cooperate with the lender-installed managers in the US. Florida authorities opened investigations following the premature deaths of bottlenose dolphins at Gulf World Marine Park in Panama City Beach. Jett, a 14-year-old dolphin, died in March from acute head trauma after hitting the shallow portion of the pool during a live show. Three other dolphins at Gulf World died within days of each other in October, according to court records. US Department of Agriculture inspectors said in a January report that multiple enclosures housing marine mammals were "in disrepair" and said algae growth in pools had reduced dolphins' visibility. While describing the pools, the report said a USDA inspector scraped algae off a step "that was almost 6 inches in length." Valerie Greene, a former Sea World trainer and animal welfare advocate, shared the USDA report with Bloomberg News. The report also noted rust on sea lion pools where animals were swimming. Company bankruptcy lawyer Robert Brady said at a hearing last month that US advisers hired an outside animal welfare expert who oversaw the transfer of sea lions out of Gulf World after Florida authorities forced the company to close a pen for necessary maintenance. The case is Leisure Investments Holdings LLC, number 25-10606, in the US Bankruptcy Court for the District of Delaware.
Yahoo
30-04-2025
- Business
- Yahoo
Animal welfare expert retained in Gulf World's bankruptcy case
BAY COUNTY, Fla. (WMBB) – Since the April 11 standoff at the Dolphin Company's Cancun headquarters, lawyers for each side have filed contradicting preliminary statements. Former Dolphin Company CEO Eduardo Albor's counsel fired back on Monday with a preliminary statement claiming they are in compliance with the Mexican bankruptcy court of law. They say Albor and his personnel were present at the headquarters with state law enforcement, while the debtors used municipal police. Gulf World bankruptcy trial sidetracked by armed stand off in Cancun This all preceded the Tuesday morning emergency hearing in Delaware. With court filings in both Mexico and Delaware, remaining in compliance with the law of both courts makes the Dolphin Company's case a bit trickier. This creates a trickle down impact on the other entities involved in the case, including Gulf World Marine Park. But despite the recent standoff at the Dolphin Company's headquarters in Cancun, all parties were present and ready to cooperate at Tuesday morning's hearing in Delaware. 'They had an entire boardroom full of all of the executives of the Dolphin Company that were appearing via Zoom. Plus, they had their Mexican counsel all present. So they were taking this matter very seriously. And they made a point to let the court know that Mr. Albor and the other board of directors respect the bankruptcy court's jurisdiction, and wanted to do everything they could to comply with the bankruptcy court order, so long as they didn't directly violate any of the orders they were issued by the Mexican courts,' Bankruptcy Attorney Michael Wynn, who's been following the case closely said. The judge excused herself for a large part of the hearing so the parties could work things out informally. Manhunt ends with arrest of murder suspect in Washington County 'The good news is, what that allowed the parties to be able to do was to negotiate some timelines on exchanging documents, exchanging information, and setting some loose discovery parameters so that they could take necessary depositions to get information out there in order to move this matter forward,' Wynn added. One of the biggest takeaways from Tuesday's hearing is that the debtors' counsel has retained an animal welfare expert. 'They did indicate in court today that the animal welfare expert was already working with agencies to relocate some sea lions. It was unclear as to whether or not those were sea lions which were located here at Gulf World, or perhaps in Miami at the park there. But what they did make very clear is that they are taking the animal welfare seriously and are actively employing professionals to ensure that the animals are cared for,' said Wynn. While Tuesday's hearing consisted heavily of negotiations during recess and outside of the presence of the judge, Wynn feels the May 5 hearing will be more definitive. 'I think it was important today that they disclose the animal welfare expert because that is the debtor's way of reviewing some of the things that they will likely talk about on May the fifth. For example, one of the things that they have to address on May the fifth, related to their financing motions and the requirements of the lender is they have to be able to discuss a risk mitigation and strategy for dealing with these animals in dealing with Gulf World Marine Park and other various parks that are run by the Dolphin Company and its subsidiaries,' Wynn added. Wynn says by announcing the retention of an animal welfare expert, the debtors have displayed they are already in compliance with requirements that will most likely surface at the May 5 hearing. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
29-04-2025
- Business
- Yahoo
Gulf World bankruptcy trial sidetracked by armed stand off in Cancun
PANAMA CITY BEACH, Fla. (WMBB) – The bankruptcy case for the Dolphin Company- the parent corporation for Gulf World – has already been chaotic. Now, court documents filed last week show the case is getting stranger. The Dolphin company's prior management allegedly denied debtors and restructuring officials access to the company's Mexican headquarters in Cancun. Even stranger is the claim that former CEO Eduardo Albor and other personnel seized the headquarters with an armed party. Albor's counsel released preliminary statements earlier today, telling a very different April 21, counsel for the debtors filed a motion for an order pursuant. Chief Restructuring Officer Robert Wagstaff and his team from 'Riveron Management Services' describe a lack of overall cooperation from former Dolphin Company CEO Eduardo Albor. The document then says that after access was briefly gained to control the headquarters, Albor returned with '20 armed individuals purporting to be state police officers,' who forcibly entered and retook possession. Albor's legal counsel fired back with their own preliminary statements Monday, saying the claims are not factual. The documents recount an entirely different story, leaving local bankruptcy lawyers shocked at the latest turn of events. 'They were like, hey, judge, hey everybody. You have your facts wrong. We didn't forcibly retake the building. You guys forcibly took the building. You guys should have never been there. And you used municipal police. We actually had legitimate state police as opposed to what they argued or what the debtors argued in court, which was that the state police were like fake state police. And so they make this big deal that it's actually legitimate state police pursuant to legitimate court orders. And then one of the things that they said that I was last reading was basically, they said, oh, and the reason why the debtor says they can't get back into the facility has nothing to do with us or armed guards. It has everything to do with the fact they were legally trespassing on the building because the Mexican court said they don't have the authority to be there right now,' Bankruptcy Attorney Michael Wynn said. The issue of jurisdiction is the result of precautionary measures for the company's Mexican entities which were put in place by the Concurso Mercantil court on January 28. This pre-dates the Delaware court filing by nearly two months. The documents from Albor's counsel now claim Albor was the only party acting within the constraints of the law on April 11. So what does this mean for Gulf World and the other entities around the world affected by the parent case? And what about the animals who are now caught in an international legal crossfire that could take a lot of time to mitigate? 'What the state agencies need to remember in these cases is that they have the inherent power to go in and enforce what's known as their police power. Right. The state actors who have the authority to regulate and administer regulations over marine animals, such as FWC or the USDA. They have an exception to the automatic stay that stopped everything. So they have the ability, should they choose to, to get in and get active on these cases, to step in on behalf of the animals. And hopefully, you know, we see some action like that happening, or we see it happen at large. With the secured creditors and lenders taking over because those animals don't deserve what's happening to them right now,' added Wynn. There was an emergency hearing scheduled Tuesday morning, prior to the preliminary statements released by Albor's counsel on Monday morning. Wynn says, given the latest jurisdiction battle, that the hearing will likely play out differently than originally intended. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
