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Kia Ray concept car (2010) first news and photos

By Tim Pollard First Official Pictures 11 February 2010 09:00 Kia Motors has picked the 2010 Chicago motor show to unveil its new Ray plug-in hybrid concept car. It's a futuristic look at what a 4.4m-long Kia family car of tomorrow could look like. It's based on the Kia Forte platform, but boosted by a plug-in hybrid system mixing a 151bhp direct-injection 1.4-litre petrol with the latest lithium-polymer batteries.

BMW poised to add X4 to lineup in 2014

It was only natural. With the SUV craze decidedly downsizing, BMW appears set to add an X4--with a range-topping M version--as part of plans to expand its utility-vehicle lineup in 2014. Conceived along the lines of the highly successful X6, the X4 is a smaller and more agile four-seater.

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.