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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.

Volvo teases photos of new 2014 XC90 interior

By Tim Pollard First Official Pictures 28 May 2014 18:13 Volvo has taken the unusual step of trailing the inside of its new XC90 crossover ahead of the outside. So feast your eyes on this – the new cabin of the 2014 Volvo XC90.  The inside-out reveal means that we’re seeing the family-friendly interior in extraordinary detail. Don’t assume this is some marketing gaffe, either: Volvo is keen to stress that its new SUV is focused on carrying up to seven passengers in understated Swedish luxury, modern connectivity and – this is a Volvo, after all – supreme safety.

Maserati Granturismo S (2008): first official pictures

By Tim Pollard First Official Pictures 26 February 2008 09:36 It’s only a year since Maserati whisked the covers off the delectable Granturismo and the Italians are unveiling a new, more powerful version.  The Granturismo S receives a heart transplant from the sister company Alfa Romeo – in the shape of the 4.7-litre V8 from the 8C supercar. The extra half litre provides more muscle, power rising to 434bhp, compared with the regular Granturismo’s sundry 400bhp. Maserati hasn’t issued performance figures ahead of the car’s Geneva show debut next week, but it’ll clearly be supercar-quick, with a 0-60mph time in less than five seconds.