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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.
Jaguar brand up 39 percent for April, Land Rover up 8 percent
Tue, 03 May 2011Jaguar's U.S. sales rose 39 percent in April and Land Rover's sales rose 8 percent, compared with the same month a year ago. Land Rover reported 2,982 sales in April and Jaguar recorded 1,249 sales.
Williams F1 wins Chelsea Flower Show Gold
Thu, 24 May 2012Williams F1 wins Chelsea Flower Show Gold A Topiary display created by Kings & Co from Rayne in Essex of a life-sized Williams F1 car wins gold at Chelsea. Many would think that the high spot for Williams F1 in recent years was the win at Barcelona by Pastor Maldonado two weeks ago. But they’d be wrong.