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News watch February 2012: today's auto industry news
Wed, 29 Feb 2012Welcome 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 29 February 2012• Following on from yesterday's news of a cross-holding between PSA and GM, it now appears that Peugeot Citroen would offer a €1bn rights issue to create cash and strip back jobs as part of its proposed alliance with GM (Automotive News Europe) • The Bloomberg Riskless Return Ranking, a survey of investor performance, suggests that Kia has outperformed all 22 other car makers with a risk-adjusted return of 9.2% in the past five years. Second highest was Hyundai, whose shares rose 4.8% in the same period (Bloomberg)• Fisker has a new chief executive officer, as founder Henrik Fisker moves to executive chairman. The new boss is Tom LaSorda, the former top man at Chrysler pre-bankruptcy (Fisker)Tuesday 28 February 2012• General Motors is in talks to buy a 5% to 7% stake in PSA Peugeot Citroen, according to reports by news agencies Bloomberg and Reuters.
Ferrari California: photos with roof up
Thu, 29 May 2008By Ben Pulman First Official Pictures 29 May 2008 15:57 The latest Ferrari California photos and details have just been released by the Prancing Horse. It’s the first time we've seen the California with its folding hard-top erected, and extra snippets of information - like the size of the 2+2 - have now been announced. Its 4560mm length puts the California midway between an Aston Martin V8 Vantage and DB9, while the Ferrari’s 1900mm width means it is wider than both Brits.
BMW 3-series Gran Turismo (2013) first official pictures
Thu, 07 Feb 2013This is the latest member of the BMW 3-series family: the taller, roomer 3-series Gran Turismo. BMW claims the 3GT is designed to give the dynamic handling of a saloon, the rakish looks of a coupe and more space than an estate. Has BMW found the Holy Grail, or is this a case of Jack of all trades and master of none?