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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 Murcielago LP 670-4 SuperVeloce unveiled
Mon, 02 Mar 2009By Ben Pulman First Official Pictures 02 March 2009 20:37 These are the first pictures of the new Lamborghini Murcielago LP 670-4 SuperVeloce, the most extreme supercar to ever emerge from the Sant’ Agata factory. Unsurprisingly, it's making rather large waves at its Geneva motor show debut... Stop there – I want all the figures on the new Lamborghini Murcielago LP 670-4 SuperVeloce Gladly.
Local Motors launches Pacific Northwest competition
Wed, 17 Mar 2010Local Motors' 20th design competition, themed 'Thrive in the Elements,' opens for submissions starting today, 17 March. The new American car company is calling for entrants to design a car based around the four core elements: Earth, wind, fire and water; challenging designers to create a vehicle that will 'inspire Pacific Northwesterners to thrive'. The deadline for entries is 30 March 2010.