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News watch October 2010: today's auto industry news
Fri, 29 Oct 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-hour Friday 29 October 2010• Spyker has announced third-quarter losses have increased since its takeover of Saab. Spyker lost £35 million in 2010, compared to £3.6 million last year (BBC News)• GM will repay $2.1 billion of the Obama government's preferred stocks.
Porsche mulls smaller SUV, sports car
Fri, 19 Nov 2010Porsche may develop a small SUV and a sports car smaller than the Boxster as it aims to double worldwide sales in the next three years. Bernhard Maier, head of sales and marketing at Porsche AG, confirmed that the company is looking into smaller and less expensive models “but we have taken no decision so far.” The small SUV has been code-named “Cajun”--short for Cayenne Jr. The success of the Cayenne SUV has given Porsche confidence to “investigate if there are other opportunities,” Maier said.
Citroen DS3 at Frankfurt
Mon, 24 Aug 2009Citroen will be bringing the new DS3 to Frankfurt The DS3 – a MINI competitor – is the first model in Citroen’s DS range, designed to be an upmarket range of cars based on their more prosaic ‘C’ siblings. We can expect to see the Citroen DS4 in 2011 and the bigger Citroen DS5 in 2012. The DS3 is based on the new Citroen C3 – which will itself only be launched in November – and is slightly larger all round than the MINI.