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News watch August 2010: today's industry news
Thu, 26 Aug 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-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.
Mazda 6 (2012) revealed in teaser images
Wed, 25 Jul 2012Mazda has released shadowy teaser images of its new 6 saloon, in anticipation of its world premiere at the Moscow motor show, running from 29 August - 9 September 2012. The car's nose is very similar to the Takeri concept of 2011, continuing the new Mazda family face first seen in production trim on the new Mazda CX-5 crossover. The new 2012 Mazda 6: all the details Like the CX-5, the new Mazda 6 will benefit from Mazda's 'SkyActiv' technology. SkyActiv brings a lightweight modular architecture and a range of cleaner petrol and diesel engines – which Mazda claims are nearly as frugal as hybrids without a bulky EV battery in sight.
M4 junction to close over tailbacks
Wed, 19 Mar 2014A JUNCTION of the M4 motorway in south Wales will be closed as part of a trial to cut traffic tailbacks. The closure of junction 41 at Port Talbot starts this summer and aims to reduce congestion in both directions. Wales' Economy and Transport Minister Edwina Hart said studies predicted it would increase the capacity of the M4 by 11% westbound and 2% eastbound.