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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.
Mercedes S63 and S65 AMG debut at Shanghai
Mon, 20 Apr 2009Mercedes revealed the S63 and S65 AMG (pictured) at the Shanghai Motor Show today In yet another demonstration of how important emerging car markets are to premium car makers, Mercedes has chosen to unveil its top two S Class models – the Mercedes S63 AMG and the Mercedes S65 AMG - at the Shanghai Motor Show today. These range-topping S Class Mercedes get the same updates as the lesser siblings (and the Hybrid S400) we told you about a week ago. But this isn’t a new model – just a mid-cycle refresh of the S Class in general.
New 2015 Kia Sorento revealed
Mon, 11 Aug 2014The new Kia Sorento, revealed ahead of its debut in Paris We got a tease for the 2015 Kia Sorento last month with Kia revealing the new Sorento gets a slightly more sporting look with a lower roofline, higher beltline, sculptured body surfaces and a new ‘Tiger Nose’ grill. Now, with the new Sorento due to debut in South Korea later this month – and in Europe at the 2014 Paris Motor Show in October – Kia has revealed the first photos of the new Sorento. The new Sorento looks a decent effort, and the styling is certainly more appealing, despite elements carried over from the current Sorento, but there’s certainly influences from Kia’s Cross GT Concept.