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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.
Infiniti Q50 Executive – it’s for business users
Wed, 23 Oct 2013Infiniti Q5 Executive – it’s for business users The new Infiniti Q50 (replacement for the old G37) was revealed at the Detroit Auto Show in January, prices for the Q50 were revealed in June (starts at £27,950) and comes in three trim levels – SE, Premium and Sport – but it seems there will be an additional trim option – the Infiniti Q50 Executive. With an eye to business sales in Europe, Infiniti has decided there needs to be a trim level aimed at business buyers (or those who do big miles), so they’re offering an Executive trim level for the 2.2 diesel version. As well as the normal equipment levels on the Q50 (which are pretty decent anyway) the Executive option gets, according to Infiniti, “One of the most advanced satellite navigation systems” plus some decent finance packages.
Fiat Panda: Now with fluffy-bunny Euro 5 engines
Thu, 21 Jul 2011Fiat Panda - now with cleaner Euro 5 engines The Fiat Panda has now gone on sale in the UK with a new range of Euro 5 compliant engines. Which it has to; Fiat can no longer sell cars that don’t comply with the new Euro 5 regulations. And although we have issues with legislating CO2 emissions, we positively support the ever-increasing restrictions on NOx and Particulate Matter. This is the stuff that actually matters, and Euro 5 toughens-up the limits.
