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News watch August 2010: today's industry news
Thu, 26 Aug 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-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.
Chrysler announces high school design competition
Fri, 04 Jan 2013Chrysler has launched its ‘Autorama High School Design Competition 2013'. The competition calls for high school students currently attending a Detroit Public School to design a future luxury Chrysler brand vehicle they picture for the year 2030. Students must submit their designs on one sheet of 14" x 16" paper using pencils, markers or paint and include their name, school, grade level and contact information.
Chevrolet Volt (2010) teaser pictures
Sun, 17 Aug 2008By Ben Oliver First Official Pictures 17 August 2008 17:39 General Motors has revealed teaser images of the production version of its radical Chevrolet Volt plug-in hybrid. The styling echoes the new Chevy Malibu saloon, and the designers claim to have added seven miles to the Volt’s electric-only range by smoothing some of the edges and creases in the original shape. They claim the Volt will now travel 40 miles on electric power, enough for the daily needs of 70 percent of American drivers.