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Future products: Coupe in Subaru's pipeline will be an image booster
Fri, 10 Sep 2010Subaru plans to extend its lineup in late 2011 or early 2012 by adding a sporty coupe developed with Toyota. Also, an Impreza hybrid that uses technology from Toyota is expected in 2012. Toyota now owns about 17 percent of Subaru.
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.
Lifeboat resuces two swamped cars
Thu, 14 Aug 2014A LIFEBOAT CREW rescued two cars which were swamped by the sea within 90 minutes of each other as the highest tides of the year caught drivers out. At least one of the vehicles which were wrecked by the submerging North Sea had been used to try to pull a boat out of the water, the RNLI said. A crew from Redcar, near Middlesbrough, responded to the first call-out at 3.20pm on Wednesday after coastguards received a number of 999 calls saying two people were on the roof of a vehicle on the town's beach as the waters came in.