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Tata appoints former GM Europe head Forster as group CEO
Tue, 16 Feb 2010India's Tata Motors named former General Motors Co. executive Carl-Peter Forster as group CEO. Forster, 55, will be responsible for the company's global operations including the Jaguar Land Rover unit.
Frankfurt 2011 - Best in Show
Thu, 15 Sep 2011Given the array of new cars at motor shows, it's often difficult to pick one as the overall star of the show. While, in theory, there appears to have been a glut of new concept and production cars to choose from in Frankfurt, in reality there were less than a handful of marked standout designs. Here are our picks.
News watch August 2010: today's industry news
Thu, 26 Aug 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-hourTuesday 31 August 2010• HSBC has sold its US car loan business to Spanish bank Santander, for an estimated £2.6bn in cash and assumed debt. The move sees the bank further distance itself from the collapsed US sub-prime market (Financial Times, subsription required) • Toll roads do not improve congestion, according to the Campaign For Better Transport. Its claims M6 toll road operator Midland Expressway Ltd is losing ‘tens of millions of pounds’ each year, while conditions on the original M6 have failed to improve (Campaign for Better Transport) Friday 27 August 2010• Spyker, which bought Saab earlier this year, has posted a €139m loss after tax in the first half of 2010 it announced today (Financial Times)• Fiat CEO Sergio Marchionne says the business is performing strongly in the third quarter – and has ruled out selling Alfa Romeo.