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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.
Only one minivan in Chrysler's future, no subcompacts for U.S. market
Mon, 10 Oct 2011The Chrysler Group will offer just one minivan in the future--the Chrysler Town & Country--as part of a plan to end duplication in dealer showrooms and give each of its brands a strong and distinctive lineup. Under the plan, the Dodge Grand Caravan minivan and Dodge Avenger mid-sized sedan will be replaced by a single crossover in 2013, Chrysler CEO Sergio Marchionne told Automotive News. The Chrysler brand will get a replacement for the 200 sedan when the Avenger, its sibling, is replaced.
2011 SEMA show: Day one highlights
Wed, 02 Nov 2011-- Lexus revealed the 306-hp GS 350 F Sport, which will go on sale in February. It uses a direct-injection 3.5-liter V6, paired with the same paddle-shifting six-speed automatic transmission used in the IS-F. It has four driving modes, an upgraded suspension and four-wheel steering.