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News watch February 2012: today's auto industry news
Wed, 29 Feb 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-hour Wednesday 29 February 2012• Following on from yesterday's news of a cross-holding between PSA and GM, it now appears that Peugeot Citroen would offer a €1bn rights issue to create cash and strip back jobs as part of its proposed alliance with GM (Automotive News Europe) • The Bloomberg Riskless Return Ranking, a survey of investor performance, suggests that Kia has outperformed all 22 other car makers with a risk-adjusted return of 9.2% in the past five years. Second highest was Hyundai, whose shares rose 4.8% in the same period (Bloomberg)• Fisker has a new chief executive officer, as founder Henrik Fisker moves to executive chairman. The new boss is Tom LaSorda, the former top man at Chrysler pre-bankruptcy (Fisker)Tuesday 28 February 2012• General Motors is in talks to buy a 5% to 7% stake in PSA Peugeot Citroen, according to reports by news agencies Bloomberg and Reuters.
Jaguar to build R8 rival
Thu, 15 Jan 2009[ad#ad-1] Jaguar has its problems, there is no doubt. Tata is struggling financially with its recently acquired Jaguar / Land Rover set-up, but then virtually every car maker has major problems at the moment. And yes, it has just laid off 450 staff, although this seems to be more about management rationalisation than shedding pure manufacturing jobs.
Mercedes Vision GLK Bluetec hybrid
Tue, 04 Mar 2008By Ben Barry Motor Shows 04 March 2008 17:14 What’s new on the Mercedes stand? Quite a confusingly long list when you include facelifts and revised engines. But the big story is the Vision GLK Bluetec hybrid, a concept SUV with a four-cylinder diesel engine mated to a hybrid module.