Edelbrock 43513 Valve Cover Breather on 2040-parts.com

News watch August 2010: today's industry news

Welcome 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.

Inside Bob Pond's car collection

Robert Pond was an industrialist, an aviator, a Navy pilot, an aircraft designer, a genuine car enthusiast, a philanthropist, a Minnesotan at heart and a man who turned a family business from eight employees to a global $100-million concern. Pond was born in 1924 in Edina, Minn., 10 miles southwest of Minneapolis. He signed up for the Navy Air Corps in 1942, and survived three years of training on J-3 Piper Cubs and PBY Catalinas to graduate in July of 1945 -- just three months before Japan surrendered to the US.

Bring A Trailer: Renault R5 Turbo 2

We can confidently say that you will never find a Renault R5-based, U.S.-market Le Car that will beat this real R5 Turbo 2 from our friends at BringATrailer.com. This 1984 version is said to have its original paint, less than 22,000 miles and a current—legal—California registration. The Renault R5 hatchback debuted in December 1971 as a 1972 model.