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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.
Diesel pollution affects honeybees senses
Fri, 04 Oct 2013DIESEL pollution makes it harder for honeybees to find flowers - by changing the chemical make-up of their scent, scientists have found. Honeybees use floral odours to find flowers that will give the best yields of pollen and nectar. But diesel fumes can affect their ability to locate and recognise the plants, potentially affecting pollination and ultimately global food security, the study published in the journal Scientific Reports found.
Award Puts Kia In Seventh Heaven
Mon, 06 Jan 2014KIA has received yet another award for its industry-leading, seven-year warranty. First introduced on the European designed and built Cee’d in 2007, the manufacturer-backed warranty is marking its seventh anniversary and has been lauded with the CarBuyer ‘Buyer’s Award’ in its 2014 honours. Since the seven-year warranty was first applied to the Cee’d, 82,884 vehicles have found homes with UK consumers.