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News watch February 2012: today's auto industry news
Wed, 29 Feb 2012Welcome 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 29 February 2012• Following on from yesterday's news of a cross-holding between PSA and GM, it now appears that Peugeot Citroen would offer a €1bn rights issue to create cash and strip back jobs as part of its proposed alliance with GM (Automotive News Europe) • The Bloomberg Riskless Return Ranking, a survey of investor performance, suggests that Kia has outperformed all 22 other car makers with a risk-adjusted return of 9.2% in the past five years. Second highest was Hyundai, whose shares rose 4.8% in the same period (Bloomberg)• Fisker has a new chief executive officer, as founder Henrik Fisker moves to executive chairman. The new boss is Tom LaSorda, the former top man at Chrysler pre-bankruptcy (Fisker)Tuesday 28 February 2012• General Motors is in talks to buy a 5% to 7% stake in PSA Peugeot Citroen, according to reports by news agencies Bloomberg and Reuters.
Dodge Durango (w/ Gallery)
Fri, 03 Sep 2010Chrysler's Dodge brand has released the first photos of the third generation Durango. Built on the same platform as the new Jeep Grand Cherokee, the latest iteration of the SUV features a unibody structure rather than the body-on-frame setup of its predecessors. The Durango has never been a particularly elegant offering within the Dodge lineup, but it seems the company is looking to change this perception with this latest incarnation.
Chevrolet Volt concept
Sun, 07 Jan 2007By Ben Oliver Motor Shows 07 January 2007 03:24 Don't tell me – it's another me-too green car concept that's too expensive and complex to ever be made… Not quite. For a start it's an entirely new concept, and important enough to be General Motor's biggest news from the Detroit show. An electric motor drives the front wheels.