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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.
Kia Rio three-door (2012) first official pictures
Thu, 26 Jan 2012Nearly a year on from the unveiling of the five-door Rio, Kia today launched the three-door Rio supermini. What’s different on the three-door Rio? It's lost two doors, stupid!
New Jaguar XJ – best photo yet
Thu, 16 Apr 2009The best picture yet of the new Jaguar XJ - due to be revealed in July Due to be shown officially in July, before a full presentation at Frankfurt in September, the new Jaguar XJ is designed to take the fight to BMW, Audi and Mercedes. And if how it looks is anything to go by Jaguar will have another big success on its hands, to go along with the XF. Although based on the existing XJ’s lightweight chassis (nothing wrong with that) but with a back end which is very much derived from the XF, the car is totally re-skinned, and looks finally how a modern Jaguar luxury saloon should.