1957 / 1958 Ford Fairlane Cowl Top Ventlation Grille Assembly on 2040-parts.com

News watch August 2010: today's industry news

Welcome 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-hourTuesday 31 August 2010• HSBC has sold its US car loan business to Spanish bank Santander, for an estimated £2.6bn in cash and assumed debt. The move sees the bank further distance itself from the collapsed US sub-prime market (Financial Times, subsription required) • Toll roads do not improve congestion, according to the Campaign For Better Transport. Its claims M6 toll road operator Midland Expressway Ltd is losing ‘tens of millions of pounds’ each year, while conditions on the original M6 have failed to improve (Campaign for Better Transport) Friday 27 August 2010• Spyker, which bought Saab earlier this year, has posted a €139m loss after tax in the first half of 2010 it announced today (Financial Times)• Fiat CEO Sergio Marchionne says the business is performing strongly in the third quarter – and has ruled out selling Alfa Romeo.

2012 Mitsubishi Colt (Mitsubishi Concept Global Small) at Geneva

Mitsubishi Concept Global Small - The 2012 Mitsubishi Colt We had a little teaser sketch in from Mitsubishi back in December telling us about their ‘Mitsubishi Concept Global Small’. Which obviously arrived on a busy day, or didn’t tickle our fancy, as we don’t appear to have run the story. Not that there was much of a story, just the sketch.

Abarth Punto EVO gets esseesse boost

Abarth Punto EVO esseesse gets an extra 15 horses The Fiat 1.4 litre lump which powers the Abarth Punto EVO is already a lively little thing. Despite its rather modest capacity it manages to deliver a healthy 165bhp, enough to scoot the Abarth Punto EVO to 62mph in 7.9 seconds and on to a top speed of 133mph. Far from shoddy.