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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.
Tips for saving fuel on road trips: What's real and what isn't
Thu, 26 May 2011Gasoline costs are hovering near $4 a gallon this week, and drivers hitting the highway for the holiday weekend are looking for ways to save. In preparation for Memorial Day, the Consumer Federation of America has released a list of tips that will help you pinch pennies at the pump. Most of these are the same evergreen recommendations that pop up for every road-trip holiday, and some of them are getting a bit stale.
Audi TT Ultra Quattro concept (2013) first official pictures
Thu, 25 Apr 2013This is Audi’s idea of a TT in the GT3 RS or Superleggera mould: the TT Ultra Quattro concept. Thanks to a ruthless diet and an uprated 2.0-litre TFSI turbo petrol engine, the all-wheel drive TT Ultra will launch to 62mph in 4.2sec, (1.3sec faster than a regular Audi TTS) and hit 173mph flat out. Just how light is the Audi TT Ultra?