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News watch February 2012: today's auto industry news
Wed, 29 Feb 2012Welcome 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 29 February 2012• Following on from yesterday's news of a cross-holding between PSA and GM, it now appears that Peugeot Citroen would offer a €1bn rights issue to create cash and strip back jobs as part of its proposed alliance with GM (Automotive News Europe) • The Bloomberg Riskless Return Ranking, a survey of investor performance, suggests that Kia has outperformed all 22 other car makers with a risk-adjusted return of 9.2% in the past five years. Second highest was Hyundai, whose shares rose 4.8% in the same period (Bloomberg)• Fisker has a new chief executive officer, as founder Henrik Fisker moves to executive chairman. The new boss is Tom LaSorda, the former top man at Chrysler pre-bankruptcy (Fisker)Tuesday 28 February 2012• General Motors is in talks to buy a 5% to 7% stake in PSA Peugeot Citroen, according to reports by news agencies Bloomberg and Reuters.
GTM 40TR (2007): first official pictures
Fri, 12 Jan 2007By Tim Pollard First Official Pictures 12 January 2007 04:02 What's this? A Meccano car? Niche car producer GTM has unveiled this new track-day special: a pared-to-the-bone flyweight two-seater powered by Honda's Civic Type-R engine.
Lotus Eterne: Lotus flagship saloon revealed
Thu, 30 Sep 2010The Aston Martin Rapide mimicking Lotus Eterne You’ll have to stick with this if you’re going through these in chronological order. There was no way we could seriously do one story on all of the Lotus announcements today, so you’re getting one for each. Sort of.