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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.

Kiss and Mini team up to raise money for UNICEF

To help fund global relief efforts, Mini will auction four Countrymans emblazoned with the makeup likeness and autographs of Kiss band members. Just in time for Father’s Day, the eBay charity auction opens on May 29 and runs for 10 days. Funds will go to UNICEF to help children in Japan and to aid in other global emergencies.

Visteon reveals e-Bee 2020 mobility concept

Visteon has unveiled its new e-Bee concept at the Electronica 2012 Trade Fair in Munich. The e-Bee is a study of mobility in the year 2020 and explores alternative transport ideas such as car-sharing and short-term rental as well as intelligent mobility. Predictable vehicle architecture is transformed by moving the climate system outside, reducing the e-Bee's weight, increasing the cabin space as well as providing easier access to comfort and infotainment features.