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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.
Canadian Grand Prix: Rosberg beats Hamilton to pole for another Mercedes front row
Sat, 07 Jun 2014Rosberg (pictured) takes pole for Mercedes in 2014 Canadian Grand Prix After the shenanigans at Monaco – with Lewis Hamilton convinced Nico Rosberg had wrecked his chance of pole position – Hamilton had something to prove in qualifying for the 2014 Canadian Grand Prix in Montreal. But he failed – just. Despite the Montreal island circuit considered to suit Hamilton’s style more than Rosberg’s, it was the German who put in the quickest lap and will start in pole position for tomorrow’s race.
Skoda Rapid Spaceback (2013) at Frankfurt motor show
Mon, 15 Jul 2013This is the new Skoda Rapid Spaceback that’s basically an estate version of the Rapid hatchback that was launched in the UK last year. Skoda wants its miniature Audi A3 Sportback-lookalike to appeal to young buyers and trendy youthful families when the car goes on sale this October, and it shouldn’t cost much more than the regular Rapid, which starts at £12,905. Skoda Rapid Spaceback – more space you-know-where, then?