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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.
Mustang celebrated with Bullit in Silverstone
Fri, 09 May 2014THE FORD MUSTANG turns 50 this year and to celebrate arguably its finest on-screen hour in the film Bullit, the team behind this year’s Silverstone Classic event in July have filmed their very own homage on the mean streets of…Silverstone. The Highland Green Ford Mustang GT prowls the Northamptonshire village before it catches up with black Dodge Charger R/T, and the actions then switches to the Silverstone circuit itself before the dramatic conclusion. ‘It’s hard to imagine a better way for us to celebrate the Mustang’s forthcoming 50th birthday party than by making this special homage to the classic car chase in Bullitt,” said Nick Wigley, Silverstone Classic Event Director.
Mazda 5 MPV (2010) first official pictures
Wed, 20 Jan 2010This is the new Mazda 5, the Japanese car company’s compact MPV. The 5 will be revealed at the 2010 Geneva motor show in March, and the C-Max competitor is claimed to be all-new from the ground up and feature Mazda's latest design language. That's the claim.