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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.
Lotus 2-Eleven (2007): first official pictures
Thu, 01 Mar 2007By Tim Pollard First Official Pictures 01 March 2007 03:40 Lotus 2-Eleven? What's all that about? Colin Chapman always wanted performance through light weight, so he'd be justifiably proud of the new 2-Eleven track-day special, unveiled today and on sale in April.
Citroen C1 gets insurance ‘Black Box’ as standard. Orwellian control arrives.
Tue, 19 Feb 2013Citroen has announced that the C1 Connexion will now come with a Telematics ‘Black Box’ as standard fitting as Big Brother moves closer. As if it wasn’t enough that every street corner, business and park now has at least one CCTV camera, that we’re prosecuted for ‘speeding’ by yellow boxes on poles that take no account of road conditions or circumstances and that motorists are being milked dry by ‘stupid’ box junction and red light cameras, now Citroen are to fit a telematics ‘Black Box’ as standard to its C1 Connexion. Citroen say the ‘Black Box’ fitting is so they can offer free insurance to buyers, with anyone from 19-75 getting a year’s free insurance with every C1 as long as they have at least two years no claims bonus.