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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.
Nissan Juke – revealed UPDATE: +video
Wed, 10 Feb 2010Nissan has revealed the Juke Crossover ahead of Geneva We told you about ‘The Final Countdown’ press release Nissan sent us for the Nissan Juke the other day so I hope you tied a knot in your hankie and bookmarked us so you didn’t miss out. We now have lift-off. The Nissan Juke, all mickey taking aside, looks to be something of a winner.
BYD aims to bring electric vehicle to North America by 2011 or 2012
Mon, 12 Jan 2009Chinese firm BYD Auto is aiming to bring at least one electric vehicle to North America by 2011 or 2012, and is considering building an assembly plant in the United States, it said Monday at the Detroit Auto Show. The automaker showed the e6, an electric vehicle, and two other hybrid cars at the show. The e6 has room for five and has a range of 250 miles, BYD says.