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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.

Toyota at Geneva: Toyota RAV4 2010/2011

Toyota has revealed a mildly facelifted 2010 RAV4 at Geneva A couple of weeks ago we reported that Toyota had told us the RAV4 for 2010 was going to get something of a nip and tuck. Nothing much mind you, just a slight shaping of the ageing jowls and possibly some refinements to the interior trim. Also on the cards was a bit of eco-work to make the RAV4 a bit more friendly to fluffy bunnies.

Goodyear recalls Wrangler Silent Armor tires

Goodyear said it will recall almost 41,000 light-truck tires over concerns of partial tread separation. Tread separation could lead to vehicle damage if the tread strikes the car, or an accident could occur if the tire fails. The sizes recalled include: -- LT235/80R17 LRE -- LT325/60R18 LRE -- LT275/70R18 LRE -- LT265/70R17 LRE -- LT245/75R17 LRE -- LT285/70R17 LRD The affected Wrangler Silent Armor tires were produced from March 31 to May 31, 2009.