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Porsche 918 Spyder stars at the 2013 Frankfurt Motor Show
Mon, 09 Sep 2013Porsche stunned the world when it unveiled the 918 Spyder as a massive surprise at the 2010 Geneva Motor Show. Finally, three years later, it gets its full production debut at the 2013 Frankfurt IAA Motor Show. Combining a race-spec petrol V8 with twin electric motors, the 918 trades lightweight purity for enormous all-wheel drive performance and astonishingly low fuel consumption.
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.
Chevy Volt to get 230-mpg rating for city fuel economy, General Motors says
Tue, 11 Aug 2009General Motors expects that the Chevy Volt will get an EPA city fuel-economy rating of 230 mpg, and a combined fuel economy rating of triple digits, CEO Fritz Henderson said Tuesday. The ratings will be based on a new test that the EPA is developing for plug-in electric hybrids. The highway and combined figures were not announced.