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News watch February 2012: today's auto industry news
Wed, 29 Feb 2012Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Wednesday 29 February 2012• Following on from yesterday's news of a cross-holding between PSA and GM, it now appears that Peugeot Citroen would offer a €1bn rights issue to create cash and strip back jobs as part of its proposed alliance with GM (Automotive News Europe) • The Bloomberg Riskless Return Ranking, a survey of investor performance, suggests that Kia has outperformed all 22 other car makers with a risk-adjusted return of 9.2% in the past five years. Second highest was Hyundai, whose shares rose 4.8% in the same period (Bloomberg)• Fisker has a new chief executive officer, as founder Henrik Fisker moves to executive chairman. The new boss is Tom LaSorda, the former top man at Chrysler pre-bankruptcy (Fisker)Tuesday 28 February 2012• General Motors is in talks to buy a 5% to 7% stake in PSA Peugeot Citroen, according to reports by news agencies Bloomberg and Reuters.
Ferrari deny subliminal Marlboro advertising
Thu, 29 Apr 2010The Ferrari F1 2010 - complete with a pack of Marlboros? In the Nanny-State world in which we live sport is no longer allowed to take advantage of the bulging coffers of tobacco companies to boost their bottom line through advertising. At least in Europe.
Koenigsegg Agera R: Geneva photos & video
Wed, 02 Mar 2011Koenigsegg Agera R at Geneva What’s the star of this year’s Geneva Motor Show? Ferrari FF? Pagani Huayra?