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News watch June 2010: today's auto industry news
Wed, 30 Jun 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 Wednesday 30 June 2010• Tesla shares have rocketed 40% on their first day of trading; the company went public this week with the first IPO of an American car company since Ford in the 1950s (BBC News)• GM may sell off its interests in finance arm GMAC and parts supplier Delphi as it seeks to write down its debts (Financial Times)• A Federal judge has approved the $20m sale of a former GM plant in Wilmington to Fisker Automotive; Fisker hopes to build 100,000 cars a year once production hits a peak after launch in 2012. It is using a $529m government loan to fund its launch (Detroit News)Tuesday 29 June 2010• UK business secretary Vince Cable has warned that the car industry is no longer in an emergency – and cannot expect direct government support.
Shelby Sued
Fri, 28 Sep 2012Usually, Shelby lawsuit headlines announce that Shelby is suing someone, but here's one where someone is suing Shelby Automobiles, Inc. Stephen Becker has been an authorized Shelby dealer since 2007, having sold and delivered 49 cars between 2007 and 2010, according to the suit. Becker has sold various Shelby cars for many years before that, and says he knew Carroll Shelby as early as 1977.
Mitsubishi Outlander GT
Fri, 03 Apr 2009The Mitsubishi Outlander GT will show at the New York Motor Show [ad#ad-1] The picture above is the Mitsubishi Outlander GT Concept (which is not a Photoshop mis-hap – just another version of a car maker’s ‘tease’ image, this time blurred). This is Mitsubishi’s efforts to make the Outlander more appealing, and from what we can see it’s taken a design cue from the Lamborghini Reventon, by putting a ‘Stealth Fighter’ nose on the front. Actually, as a blurred image, the front end does look a little reminiscent of the Lagonda Concept we saw at Geneva last month.
