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2010 Ford Mustang: Saleen plans two go-fast models for next year

Saleen, the famous performance brand, lives. And it's looking to roll out two go-fast Mustangs in the next year. The first will be unveiled at Mustang Week in Myrtle Beach, S.C., later in July.

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.

Mitsubishi Outlander SE & Outlander GSE revealed

Mitsubishi has announced two new models in the Outlander range First up is the Mitsubishi Outlander 2.0 DI-D SE, which offers pretty decent spec level. Included are 18″ alloys, Privacy glass, Bluetooth, extra airbags and a third row of seats. Move up the the Mitsubishi Outlander 2.0 DI-D GSE and you can add leather and DVD.