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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.

Fisker Karma Review Video

Fisker Karma Review Video Finally, after a rather lengthy wait, the Fisker Karma is making its way in to the hands of real customers. And real cars means the opportunity to review the Karma, something a US Fisker dealer has put on video. Of course, a video review of Henrik Fisker’s baby from a franchised dealer – even when they get a pro driver to do it – is perhaps never going to be the most objective piece of reporting ever seen, but it does at least give us the opportunity for a real-world view of the Karma.

BMW X6 (2007): first official pictures

By Phil McNamara First Official Pictures 16 December 2007 00:01 These are the first official pictures of the BMW X6, one of 2008’s most intriguing cars. It’s a 4x4 with a coupé body, seriously high performance engines including a 407bhp twin-tubocharged V8 and a trick diff to give it a flavour of the M division’s finest. The X6 is based on the X5's chassis and shares its wheelbase, but its around 20mm lower and has a wider track, to enhance its dynamic ability.   It’s certainly the sportiest SUV so far.