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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.
Citroen DS3 Cabrio (2012) first official pictures
Fri, 31 Aug 2012Britain is Europe's biggest market for convertibles - odd, given our recent blink-and-you'll-miss-it summer. Still, Citroen hasn't been put off, and will launch the DS3 Cabrio after its world debut at the 2012 Paris motor show. Citroen claims the weight has only increased by 25kg over the hard-top DS3, and buyers will get even more personalisation options to go along with the wind-in-the-hair driving experience.
Luxury Ford Mondeo Vignale concept revealed
Thu, 05 Sep 2013Would you buy a posh Mondeo? Ford is betting that some people will, as next year sees the Blue Oval introduce a new Vignale trim level and equipment package that offers not just more style and luxury for your money but also an exclusive, premium customer and ownership experience. As a precursor to this move, Ford has today unveiled a pair of Mondeo Vignale Concept cars, one based on the next-generation Mondeo saloon, the other on the estate.