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News watch October 2011: today's auto industry news
Mon, 31 Oct 2011Welcome 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-hourMonday 31 October 2011• The two companies planning to buy Saab - China's Youngman and Pang Da - have agreed to pay a €50 million bridging loan, court documents show. And they are pledging €610m in long-term funding from 2012, according to ANE (Automotive News Europe) • Martin Winterkorn, the CEO of the Volkswagen group, says he is pleased with the performance of Seat and Skoda.
Cadillac ELR – a posh Chevy Volt: 2013 Detroit Auto Show
Tue, 15 Jan 2013The Cadillac ELR – a range extender Cadillac with the running gear from the Chevrolet Volt – has been revealed at the 2013 Detroit Auto Show. Joining the Chevrolet Volt and Vauxhall Ampera as the third version of GM’s range-extender pitch at the EV market, the two-door Cadillac ELR is a convincing looking offering with swoopy looks, wheels at the corners, a great big nose (that can close for better aerodynamics), dramatic LED headlights, steeply raked screen and lots of sharp creases. The interior of the ELR looks as appealing as the exterior, with lashings of decent leather, digital instruments, Bose sound with noise cancellation, carbon inserts and even powered cupholders.
Winners and Losers: Porsche sales pop in April
Wed, 04 May 2011Porsche sales spiked 82 percent in April and are up 46 percent for the year, parking the luxury automaker among the top five winners so far for 2011. The redesigned Cayenne made the biggest contribution, with sales up an eye-popping 384 percent from last April and 141 percent for this year. Porsche counted 1,578 copies of the Cayenne sold in April, versus 326 the year before.