Autometer 7318 Nv Electric Fuel Level Gauge 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.

JLR (Jaguar Land Rover): 1,000 new jobs at Halewood

Jaguar Land Rover recruiting 1,000 at Halewood Jaguar Land Rover are creating 1,000 new jobs at their Halewood plant to keep up with orders for the Range Rover Evoque and Freelander 2. We’ve reported umpteen times on Land Rover’s order book for the Range Rover Evoque, and how the stylish new entry-level Range Rover has scored a direct hit with buyers, And that’s now translating in to even more jobs at Land Rover, just nine months after Evoque production started. JLR has announced the creation of 1,000 extra jobs at their Halewood plant on Merseyside to try and keep pace with the burgeoning order book not just for the Range Rover Evoque, but also for the Freelander 2 which is also being created as CKDs for shipping to India.

Audi, Toyota replace GM as Yankees' sponsor

Baseball, hot dogs, apple pie and--sushi? Sauerkraut? Audi and Toyota will become the official vehicle brands of the New York Yankees, replacing General Motors as the team's automotive sponsor.