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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.
Land Rover sending more Range Rover Evoques to the US
Fri, 20 Jul 2012Land Rover are increasing the supply of the new Range Rover Evoque to the US by a third to help meet demand. In the land where cubic inches are king and any SUV smaller than a Hummer isn’t really an SUV, it’s amazing that the dinky Range Rover Evoque is a hit – but it is. From sales of just 2,200 Evoques in 2011, Land Rover has managed to shift twice that in the first six months of 2012, and Land Rover dealers are still complaining they can’t get enough Evoques to meet demand.
Hyundai previews upcoming HND-9 concept
Thu, 21 Mar 2013Hyundai has given us the first look at its latest concept car ahead of its debut at this month's Seoul motor show. The HND-9 concept, which previews the next-generation Genesis coupe, is the ninth concept from the carmaker's Namyang design center in Korea. Hyundai describes it as "a modern interpretation of a classic premium sports coupe" that displays the latest evolution of its fluidic future design language.