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News watch August 2010: today's industry news
Thu, 26 Aug 2010Welcome 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.
Rolls-Royce Phantom Coupe unveiled
Wed, 05 Mar 2008By Jonny Smith Motor Shows 05 March 2008 14:31 What’s new on the Rolls Geneva motor show stand? Just one car, but one enormous car with two doors and a hard roof: the Phantom Coupe is the final Roller to complete the Phantom range. It was never going to look any different to the 2006 teaser codenamed 101EX, but it really didn’t need to.
Fiat 500 Abarth gets automatic transmission option for 2015
Tue, 08 Apr 2014If you're a fan of the design (and the performance numbers) of the Fiat 500 Abarth and its cabriolet version but not its manual transmission, you'll want to hear this. Fiat has announced that the 2015 Fiat 500 Abarth and Abarth Cabrio will be offered with an optional six-speed automatic transmission in addition to a slightly redesigned interior. The new models will appear at the New York auto show next week.