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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.
New 2012 Volvo V40: Photo leaks ahead of Geneva debut
Thu, 16 Feb 2012The new Volvo V40 leaks ahead of a Geneva debut We have the first photo of the new Volvo V40 – leaked from a Swedish Car Magazine – ahead of its debut at the Geneva Motor Show. We had a tease for the all new Volvo V40 back in December (actually, there has been another since, but it was nothing but a black shape so we ignored it) and we’ve had spy video of the V40 too (although we still thought it would be the V30 then). And now we get what is almost certainly the first photos of the Volvo V40 that will debut at Geneva.
Renault Gordini Return Confirmed
Tue, 10 Nov 2009Renault has confirmed that the Gordini badge is to be revived. We’ve known this was on the cards for a while – the return of the Gordini badge – and we reported last week that Renault were going to announce their plans for a new Gordini range this week. And they have.