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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.

Audi launches special TTS to celebrate 500,000 sales (2013)

By Martin Saarinen First Official Pictures 16 October 2013 16:00 Audi is unleashing a special edition TTS, with RS looks and lashings of equipment. The TTS Limited Edition commemorates the iconic Audi smashing the 500,000 sales barrier, in its fifteenth year on sale. Priced from £38,860 for the coupe and £42,320 for the roadster, the special TTS costs £2815 or £4115 more than its coupe or roadster equivalent, but Audi claims the cars get an extra £5665 of kit to tempt punters.

Mazda 2's diet regime secrets

By Ben Pulman First Official Pictures 23 July 2007 02:19 So what’s all the fuss about then? Weight, or in the case of the Mazda 2, a lack of it. CO2 emissions are the biggest issue for the car industry right now, and governments around the globe are seemingly obsessed with one single gas.