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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.
2006 Interior Motives Design Awards
Fri, 13 Oct 2006Now into its fourth year, the annual design awards ceremony hosted by Interior Motives magazine was held on the second press day of the 2006 Paris Motor Show. Open to any registered school, the competition encourages students to submit their work in any of nine different categories, with the emphasis on interior design. These categories are: Best Conceptual Interior Best Use of Technology Best Innovation Best Safety Innovation Best Lifestyle Interior Best Eco Design Concept Best Conceptual Exterior Best Production Interior Best Personalisation The prize for the 'Best Conceptual Interior' went to Iman Maghsoudi of Azad University, Iran.
'Gran Turismo 6' coming for PS3 this holiday season
Thu, 16 May 2013Update: Preview video added below for your enjoyment. When the sixth installment of "Gran Turismo" hits store shelves this holiday season for the PlayStation 3, it will include 1,200 cars, 33 tracks in 71 layouts, a new track editor with 10 square kilometers of scenery, and more ways to connect with friends and rivals. The new installment will add to the franchise's current sales of 70 million copies, continuing its run as one of the biggest sellers on the PlayStation family of consoles.