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News watch June 2010: today's auto industry news
Wed, 30 Jun 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-hour Wednesday 30 June 2010• Tesla shares have rocketed 40% on their first day of trading; the company went public this week with the first IPO of an American car company since Ford in the 1950s (BBC News)• GM may sell off its interests in finance arm GMAC and parts supplier Delphi as it seeks to write down its debts (Financial Times)• A Federal judge has approved the $20m sale of a former GM plant in Wilmington to Fisker Automotive; Fisker hopes to build 100,000 cars a year once production hits a peak after launch in 2012. It is using a $529m government loan to fund its launch (Detroit News)Tuesday 29 June 2010• UK business secretary Vince Cable has warned that the car industry is no longer in an emergency – and cannot expect direct government support.
Opel Adam going rallying
Wed, 21 Nov 2012Opel is adding a bit of rally credibility to the new Adam by taking it rallying with an Adam R2 rally car for a one-make cup. But perhaps GM Europe are hoping to inject a bit of performance credibility in to the uninspiring mechanical offerings the Adam currently offers with the revelation that they’re making a rally Adam prepared to basic R2 spec, which means a tweak or three from the standard production car. That means upgrades to the engine, suspension, brakes and gearbox to produce an Adam rally car that’s an affordable entry point for young drivers and Opel are aiming to compete in the ADAC Opel Rally cup with the Adam R2.
The Boss is back: Iconic Ford Mustang reborn
Fri, 13 Aug 2010WITH VIDEO--Soon to be thundering down an open road near you is the resurrected Ford Mustang Boss 302. Based on the 5.0-liter Mustang GT, the 2012 version of the muscle-car classic was revealed on Friday at Laguna Seca, where Parnelli Jones won the 1970 Trans-Am season opener in a Boss 302. The new Mustang builds on the iconic Bosses famous for their looks and performance in the late '60s and early '70s.