90s Cadillac Deville Seville Eldorado- Tilt Steering Column Actuator Lever on 2040-parts.com

News watch August 2010: today's industry news

Welcome 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-hourTuesday 31 August 2010• HSBC has sold its US car loan business to Spanish bank Santander, for an estimated £2.6bn in cash and assumed debt. The move sees the bank further distance itself from the collapsed US sub-prime market (Financial Times, subsription required) • Toll roads do not improve congestion, according to the Campaign For Better Transport. Its claims M6 toll road operator Midland Expressway Ltd is losing ‘tens of millions of pounds’ each year, while conditions on the original M6 have failed to improve (Campaign for Better Transport) Friday 27 August 2010• Spyker, which bought Saab earlier this year, has posted a €139m loss after tax in the first half of 2010 it announced today (Financial Times)• Fiat CEO Sergio Marchionne says the business is performing strongly in the third quarter – and has ruled out selling Alfa Romeo.

Maserati Levante SUV confirmed for 2015 – Alfieri could arrive in 2016

The Maserati Levante SUV (pictured) will arrive in 2015 Fiat’s plans top revive the Maserati brand are off to a good start after sales grew strongly last year to more than 22,500 cars in the first nine months with the new Quattroporte and new Ghibli contributing strongly to those figures. But with a target of 50,000 sales a year, Maserati need new models too and the next in line for production is the Maserati Levante SUV, which Sergio Marchionne has now confirmed will arrive in production guise in 2015. It was expected the Levante would be a re-working of the new Jeep Grand Cherokee, but with the Grand Cherokee selling in droves – and with a desire to make the Levante as ‘Italian’ as possible – it now looks like the Levante will get a version of the platform underpinning the Ghibli and use Maserati’s own 4WD system.

Driven: Delta Motorsport E-4

The Delta Motorsport E-4 is the outcome of three years of research, design and development that is key to a new generation of British ingenuity. Fifteen years ago, if asked to think about the low-volume sector of the British motor industry, the Rover V8 and tubular steel space frames would immediately have come to mind, along with a sizeable dose of fiberglass. Today a new wave of companies are exploring new and ingenious manufacturing, design and technologies.