Silk hypercar effort hits a dead end in Italy

The Silk-FAW S9 plug-in hybrid, shown in concept form, was to have 1,400 hp from a V-8 engine and two electric motors. (Daniel Nikodem)

March 14, 2023 12:46 PM

MILAN -- The Silk Sports Car Company, a joint venture that had hoped to build electrified sports and luxury vehicles in China and Italy, has withdrawn from a plan to build a hypercar in Italy’s Emilia-Romagna region.

Featured Stories

U.S. tariffs on imported vehicles are in effect, with parts duties following soon

What vehicle parts are now subjected to tariffs? Powertrain, suspension, safety and more

MSRP and dealers and finance, oh my! Why tariff price impacts may vary

Here’s our list of the 2025 Top 150 dealership groups

Latest News

Infiniti indefinitely stops crossover production in Mexico, citing Trump tariffs

Daily 5 report for April 3: Stocks crash, job cuts emerge, costs rise as tariff chaos begins

Audi holding all vehicles delivered to U.S. ports after April 2

How automotive stocks are performing after tariff announcement

Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

U.S. senators seek to rein in Trump tariff authority

Europe reacts as Trump’s 25% auto tariffs take effect

What vehicle parts are now subjected to tariffs? Powertrain, suspension, safety and more

Hyundai 2nd-gen Nexo hydrogen fuel cell crossover gets big boost in power, range, styling

Staying current is easy with newsletters delivered straight to your inbox.