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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.
Porsche Boxster Spyder (2010) first pictures
Thu, 05 Nov 2009This is the new Porsche Boxster Spyder and, as the arrival of any new Porsche tends to be a polarising event, you’ll either be sighing in disgust or yelping in delight. The bare facts? This Boxster Spyder is Porsche’s lightest and quickest current-gen roadster yet thanks to the folding roof being junked. The Spyder will be unveiled at the LA Auto Show in December 2009, and it’s not a run-out limited edition like previous Spyder-tagged Boxsters, but the third (and most expensive) permanent addition to the roadster range.
Jeep concepts headed to Moab Jeep Safari
Tue, 27 Mar 2012Jeep and Mopar didn't create the Moab Easter Jeep Safari, but that they're using the occasion to introduce wild concept vehicles and new parts to a crowd of their most rabid fans has become something of a company tradition. Jeep and Mopar previewed six concepts on Tuesday that are destined for the Moab desert. On hand were three customized Wranglers, a Grand Cherokee, a J-12 concept and a Mighty FC concept.