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Altamonte Springs, Florida, US
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News watch August 2012: today's auto industry news
Fri, 31 Aug 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 Friday 31 August 2012•European car sales continue to struggle, down 8.2% in July. Spain, europe's biggest market, saw sales frop the most, by a massive 26%.
Lotus owner Proton tries to quell sale rumours
Wed, 01 Feb 2012The Malaysian owners of Lotus have taken the unusual step of quashing rumours circulating of an impending sale of its British sports car division. Several newspaper articles have suggested that the new owners of Proton may divest its loss-making Lotus subsidiary. The ownership structure of Proton has changed in recent weeks, after the Khazanah Nasional Berhad sold its entire stake in Proton to DRB-Hicom.
M6 toll under fire on its 10th anniversary
Thu, 12 Dec 2013THE M6 TOLL Road has reached its 10th anniversary but faces criticism that it only carries half the number of vehicles originally anticipated. Launched in 2003 as a 27-mile stretch of relief road around Birmingham, the M6 Toll runs between Cannock and Coleshill. However, roads campaigners say it has not benefitted to local area or the UK roads network.