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News watch August 2010: today's industry news
Thu, 26 Aug 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-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.
Ford, NHTSA investigate wheel studs on Fusion, Mercury Milan
Mon, 01 Aug 2011The National Highway Traffic Safety Administration has upgraded an investigation into complaints about the 2010 Ford Fusion and Mercury Milan sedans to an engineering analysis, one step closer to a recall. The investigation of 317,315 cars results from claims of fractured wheel studs, which could cause a wheel to come off. Ford's investigation is ongoing and no recall has been announced.
Dacia Duster (finally) gets a bit of a facelift for 2015 in the UK
Fri, 19 Sep 2014The Dacia Duster finally gets updated in the UK A whole year ago, at the Frankfurt Motor Show in 2013, the Dacia Duster Facelift was revealed. But that facelifted Duster was just for the European LHD market; the UK soldiered on with the old model. But now, a year on, the UK is finally getting a facelifted Duster which, more or less, seems to follow the lead of the European makeover.