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San Antonio, Texas, US
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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.
Lamborghini's sixth Paris 2010 teaser photo
Tue, 28 Sep 2010It's a shot of an exhaust pipe, which exits the concept car just below the support for the rear wing. We've now seen all six images, and they've shown everything from vents in the bonnet to stylish flourishes atop the V10 engine, plus glimpses of the interior and what appears to be a carbonfibre wheel. The concept car is expected to be almost completely carbonfibre, very light and Gallardo-powered. Why is Lamborghini showing such a car?
UK Car Numberplates – National Flag now legal
Mon, 27 Apr 2009It is now legal to display a national flag on UK Car Number Plates [ad#ad-1] I bet, just like us, you already thought it was legal to have your UK Car Numberplate displaying the national flag of your choice. But it wasn’t. At least until today.