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News watch April 2012: today's auto industry news
Mon, 30 Apr 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-hourMonday 30 April 2012• Kia posted global first quarter 2012 profits up 26%, with sales up 12% worldwide. 635000 new Kias found homes, 79000 in Europe (up 24.6% on 2011 in a total market which contracted 7.1%), with the USA now Kia's largest market ahead of Korea.
Detroit Electric delays SP:01 EV
Mon, 03 Jun 2013Detroit Electric will delay the SP:01 EV roadster for at least a month, according to a company executive who talked to the Detroit News. The company still hasn’t finalized a manufacturing location in Wayne County. Production was scheduled to start in August, now it’s slated for September.
BMW at the Geneva Motor Show: BMW 5 Series Hybrid Revealed
Fri, 26 Feb 2010The BMW 5 Series Hybrid As we reported in December, with a couple of days to go to the Geneva Motor Show BMW have revealed that the new BMW 5 Series (2010) will have a Hybrid added to its ranks. Actually, they haven’t said that – the 5 Series Hybrid Concept they’re taking to Geneva is labelled a Concept – but we all know it’s what they mean. The 5 Series Hybrid will join the X6 Hybrid and the 7 Series Hybrid when it goes on sale, probably in 2011.