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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.
SEAT’s future model plans
Mon, 16 Dec 2013SEAT Last week MSN Cars went to visit SEAT at its major base of operations – the Martorell factory in Spain. Here we spoke to CEO Juergen Stackmann and executive vice president for research and design Dr. Matthias Rabe about the brand’s future model plans.
Diesel-powered Audi A3 Sportback TDI coming to America in 2015
Wed, 16 Apr 2014The Audi A3 family has another America-bound variant: the automaker announced at the New York auto show that a diesel-powered Audi A3 Sportback TDI will go on sale here in 2015. Previously, we were told that the plug-in hybrid version of the vehicle -- the so-called Audi A3 Sportback e-tron -- would be the only one to make it to American markets. According Audi, it was enthusiast demand that spurred the change.