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News watch June 2010: today's auto industry news
Wed, 30 Jun 2010Welcome 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 30 June 2010• Tesla shares have rocketed 40% on their first day of trading; the company went public this week with the first IPO of an American car company since Ford in the 1950s (BBC News)• GM may sell off its interests in finance arm GMAC and parts supplier Delphi as it seeks to write down its debts (Financial Times)• A Federal judge has approved the $20m sale of a former GM plant in Wilmington to Fisker Automotive; Fisker hopes to build 100,000 cars a year once production hits a peak after launch in 2012. It is using a $529m government loan to fund its launch (Detroit News)Tuesday 29 June 2010• UK business secretary Vince Cable has warned that the car industry is no longer in an emergency – and cannot expect direct government support.
Saab's new 9-3 (2007): first official pictures
Tue, 15 May 2007By Ben Whitworth First Official Pictures 15 May 2007 11:47 Is this really an all-new Saab 9-3? It’s as new as new Saab 9-3s get, until the real new 9-3 arrives in 2010. The Swedish company has once more given its ageing 9-3 a new lease of life with this heavily revised new version – topped of by a rapid 300bhp twin-turbo performance version.
Caterham AeroSeven Concept [w/Video]
Fri, 20 Sep 2013Caterham has unveiled its motorsport-inspired AeroSeven Concept road car at the Singapore Grand Prix. The two-seater concept previews the carmaker's future engineering and design direction for models including the sportscar being developed in collaboration with Renault for early 2016. The AeroSeven Concept is going into production next year and is the first model to be designed and developed with input from all three of Caterham's divisions: Caterham Technology and Innovation, Caterham F1 Team and Caterham Cars.