2006 Mazda 6 Bose Underseat Amplifier on 2040-parts.com

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.

SoCal Sweetness: Corvettes, Mustangs and Camaros head to RM auction

Muscle cars from the late 1960s and early '70s. Modern performance cars. They're pretty much a microcosm of why our species has a carnal lust for sheetmetal.

Porsche 911: the new 2009 model

By Tim Pollard First Official Pictures 06 June 2008 08:00 The great survivor of the sports car world – the Porsche 911 – has evolved again. Porsche today unveils the latest in a long line of 911s and the new one heralds the arrival of Porsche’s new twin-clutch transmission (dubbed PDK) and direct-injection. Amazingly, it makes the coupe nearly as fuel efficient as a family car, nudging 30mpg.  Porsche 911: the 2009 model year There’s no new model designation this time: it remains a 997 at heart and Porsche calls the latest 911 a ‘second-generation 997’, despite a raft of technical changes under the same-again skin.