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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.
Official: Renault & Caterham to build Alpine sports cars
Mon, 05 Nov 2012Renault has confirmed it is to partner with Caterham to build a range of Alpine sports cars in Dieppe from 2015. The partnership between Renault and Caterham is a logical extension of their F1 partnership but now, with the joint venture to produce their own sports cars, goes much deeper than the almost badge-engineering Williams Renaults. A new company - Société des Automobiles Alpine Caterham – will be jointly owned by Caterham and Renault and will develop models in small and large volumes to be marketed as both Renault Alpine and Caterham, and will be built in Renault’s Dieppe factory that currently churns out Renaultsport models for the road and track, and is the historical home of Alpine.
‘New GM’ address by CEO Fritz Henderson
Tue, 11 Aug 2009Fritz Henderson By Tim Pollard Motor Industry 11 August 2009 12:51 Chief executive and president of General Motors Fritz Henderson is making a product announcement this lunchtime. Join us at 1.00pm BST for the latest news from GM in our live blog below. NB start from the bottom and work your way up for the real-time blog!