Genuine Ford Muffler Bushing. F6hz-5281-ca on 2040-parts.com

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.

Suzuki puts kibosh on Kizashi sedan, report says

Japanese automaker Suzuki has backed off plans to build large cars and build assembly plants overseas, according to a report in the Nikkei business newspaper. Suzuki has shown a series of concept vehicles named Kizashi that executives said were pointing toward a production version of a large sedan. And pictures of sedan protoypes have been captured by spy photographers.

New VW Touareg (2010 / 2011) – Price & Details

The new VW Touareg starts at £38,225 in the UK We got the reveal of Volkswagen’s big off-roader - the VW Touareg - in the run up to the Geneva Motor Show back in February, but it’s taken the intervening months for VW to get their act together enough to get UK prices to us and model details. But now they have. Prices kick off at £38,225 for the Touareg SE 3.0-litre TDI 240 PS whilst the hybrid model costs s very un-green £54,995, just £1,500 less than the Altitude V8 4.2.