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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.
Eterniti Hemera: A new luxury SUV from London start-up Eterniti Motors
Wed, 17 Aug 2011Eterniti Motors SUV Sketch Who are Eterniti Motors? And what is the Eterniti Hemera? Truthfully, we have little idea.
Group 2 Dodge Challenger echoes past SCCA racers
Tue, 25 Aug 2009Among muscle cars--even among Dodge Challengers, new or old--the Classic Design Concepts Group 2 Challenger stands out. Winner of the Chrysler Design Excellence Award at the 2008 Specialty Equipment Market Association show in Las Vegas last November, the Group 2 Challenger moves from concept to production this month as Michigan-based Classic Design Concepts begins building its version of the Dodge performance coupe. The Group 2 appearance package, inspired by the wide-body SCCA Trans-Am Group 2 race cars of the 1960s and '70s, includes custom carbon-composite lightweight front fenders and billboard-style rear fenders, aerodynamic front spoiler wings, Group 2 badging and mongo 20-inch wheels and tires.