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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.

Vauxhall Astra VXR Extreme (2014) latest details on Vauxhall’s super-hatch

By Ollie Kew First Official Pictures 26 February 2014 09:00 Vauxhall has revealed more details about the hottest hatch in the brand’s history: the track-ready Astra VXR Extreme. The concept, which should see production in 2015, has more than 300PS (296bhp), and has shed 100kg from the standard road car’s kerbweight. That puts the Astra VXR’s mass at an estimated 1375kg.

Dacia Duster (w/ Video)

Renault's Romanian subsidiary has unveiled the production Duster, a small all-terrain vehicle that the brand plans to launch in the European, Turkish and Maghreb markets. First seen in concept form at the 2009 Geneva Motor Show, the Dacia Duster is a response to the unmet need for an economical and affordable off-roader, a category of vehicle the company developed for emerging markets. The Duster is claimed to exude a sense of ruggedness through its high ground clearance, wide wheelarches, imposing grille and body protection.