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News watch October 2011: today's auto industry news
Mon, 31 Oct 2011Welcome 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-hourMonday 31 October 2011• The two companies planning to buy Saab - China's Youngman and Pang Da - have agreed to pay a €50 million bridging loan, court documents show. And they are pledging €610m in long-term funding from 2012, according to ANE (Automotive News Europe) • Martin Winterkorn, the CEO of the Volkswagen group, says he is pleased with the performance of Seat and Skoda.
Ferrari Hybrid confirmed
Tue, 09 Jun 2009The Ferrari F430 Spyder Bio Fuel car from the Detroit Motor Show in 2008 We learnt at the weekend that Lamborghini are to reduce their CO2 footprint by 35%, and we recently learnt about some of Ferrari’s Hybrid plans from patent applications the boys from Maranello had filed. But today we learn that not only is Ferrari looking at Hybrid options, but that it intends showing a car very soon – probably at the Los Angeles Motor Show in November. Ferrari is looking at several options to keep the ‘Environmentalists’ happy, including Bio-Fuel and Turbo charging.
VW Cross Polo (2010) Revealed
Fri, 19 Feb 2010The VW Cross Polo will debut at the Geneva Motor Show No, it’s not an angry version of the 2010 Volkswagen Polo but VW’s fake off-road version of the latest Polo designed to appeal to those who want a rufty-tufty car to cope with the demands of the Urban Jungle. The Cross Polo (we’d expected it to be the ‘CrossPolo’ as the Germans like to run words together, like ‘BlueEfficiency’ or EfficientDynamics, but the graphics on the Polo make it clear it’s the ‘Cross Polo’) is the latest version of the 2010 Polo to be revealed. Just this week we’ve had the 2010 Polo GTI and the 2010 VW Polo BlueMotion (see – it’s those joined together names again) and the Cross Polo makes the hat trick for pre-Geneva.