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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.
Lincoln MKC Revealed. It’s NOT a titivated Ford Kuga/Escape, say Ford
Thu, 14 Nov 2013The production version of the Lincoln MKC Compact SUV (pictured) has been revealed When Ford divested itself of its premier marques – Aston Martin, Jaguar, Land Rover – it left it with little wriggle room to compete in anything but the mainstream car market. Ford in Europe is trying to address that by launching ‘Vignale’ badged cars which promise to offer more ‘Premium quality’ than its mainstream models, and Ford in the US is doing the same thing by trying to reinvent the Lincoln badge as the answer to German premium models. Step forward the new Lincoln MKC, the production version of the Lincoln MKC Concept we saw at the Detroit Auto Show in January..
“Black box” drivers hit by speeding fines from insurers
Thu, 20 Feb 2014Black box insurance is nothing new. In fact, the scheme – in which a small black box is placed in your vehicle to monitor how you drive – has been around for nearly a decade. In principle, it promises lower insurance premiums.