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Infiniti sets up global HQ in Hong Kong

Nissan Motor Co. is establishing a new global headquarters for its Infiniti luxury brand in Hong Kong, in a nod to the surging sales it expects from China. Infiniti, which is not sold as a separate brand in Japan, is currently run out of Nissan's worldwide office in Yokohama, Japan.

Bugatti to unveil “Lang Lang” Veyron at Qatar motor show

Bugatti will reveal another special edition of the Grand Sport Vitesse called “Lang Lang” at the 2014 Qatar International Motor Show later this month, built to honor the Chinese pianist. We’re assuming this is one of the 40 convertibles the company needs to sell before it starts building new cars. The two-tone exterior features lots of polished black carbon fiber that’s really set off by the “Blanc Atalante” white accents.

News watch August 2010: today's industry news

Welcome 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.