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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.
Tom Medley 1920-2014
Sun, 09 Mar 2014Tom Medley, best known as the creator of the hapless and humorous hot hero Stroker McGurk, passed away March 2 of natural causes in Los Angeles at the age of 93. While Medley was best known for his McGurk character, he was part of the media empire that was Hot Rod magazine from just after its inception until his retirement 37 years later. Medley was a photographer as well as a cartoonist, covering the first Bonneville speed week and the Indy 500 from 1950 to 1964.
Silverstone redevelops Stowe: new pictures
Mon, 16 Nov 2009By Christopher Erasmus First Official Pictures 16 November 2009 14:28 This is the new Stowe Complex at Silverstone, the first step in the racing circuit's new £7 million track development programme, and the main feature to attract corporate and product events to the track ahead of major planned events in 2010.Will Silverstone's new Stowe Complex affect the 2010 Moto GP or possible return of the British grand prix?No, the complex is a separate development within the full F1 circuit, and should be fully complete by March 2010, in time for the Moto GP in June 2010 and the still-possible British GP in July 2010. The development is designed to attract manufacturers and corporate events types to come and test at the Northamptonshire venue.So it's just a money-spinning scheme by Silverstone? Or are they actually building something important?The Stowe Complex is certainly a way for Silverstone to generate some important revenue and publicity.