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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.
Jeep’s ‘Ugly is the new appealing’ Cherokee costs from £25,495
Wed, 30 Apr 2014The new Jeep Cherokee (pictured) is now on sale in the UK The new Jeep Cherokee debuted at the New York Motor Show in 2013, giving Jeep a new, smaller SUV with ‘good to be ugly’ looks to mop up the still growing demand for SUVs of all sizes. And now it’s going on sale in the UK. Based on the same underpinnings as the Alfa Giulietta, the new Cherokee comes in at a more affordable price than its big brother, but if you want the entry-level 2.0-litre Longitude 140 you’ll have to make do with front-wheel drive.
JLR Factory plans on track – Sunday Times story rejected
Mon, 19 Apr 2010JLR's UK restructuring is on track despite the stories in this weekend's press Back in September, JLR (Jaguar Land Rover) announced that it intended closing one of its Midlands factories as part of a long-term plan to breathe new life in to the future of JLR. We dutifully reported that but confess we took the easy ‘Bad News’ tack on the story. It was obvious; JLR are closing a factory ergo bad news.