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News watch June 2010: today's auto industry news
Wed, 30 Jun 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-hour Wednesday 30 June 2010• Tesla shares have rocketed 40% on their first day of trading; the company went public this week with the first IPO of an American car company since Ford in the 1950s (BBC News)• GM may sell off its interests in finance arm GMAC and parts supplier Delphi as it seeks to write down its debts (Financial Times)• A Federal judge has approved the $20m sale of a former GM plant in Wilmington to Fisker Automotive; Fisker hopes to build 100,000 cars a year once production hits a peak after launch in 2012. It is using a $529m government loan to fund its launch (Detroit News)Tuesday 29 June 2010• UK business secretary Vince Cable has warned that the car industry is no longer in an emergency – and cannot expect direct government support.
Volvo and Polestar offer post-sale software upgrades
Thu, 01 Nov 2012Volvo's performance arm, Polestar, will offer software upgrades for the T6 and 2.5T engines that will increase horsepower and torque. The upgrade should calm Volvo fans who missed out on the limited-edition Polestar C30. For the T6 engine in the 2010 Volvo XC60 and 2009-2010 XC70 Polestar will offer a bump in output from 281 hp to 311 hp.
Ferrari 458 Italia – The Video
Wed, 29 Jul 2009The Interior of the new Ferrari 458 Italia But yesterday afternoon, shortly after we posted the news of the Ferrari 458 Italia – which originally had just four exterior pictures – we got sent a video of the interior. To be truthful it is almost certainly a rendering with no real car at all, but it is from Ferrari and is close as we’re going to get to the interior – or anything that moves – this side of the Frankfurt Motor Show in September. At least the video clip has a sound track, and whether or not it’s a real soundtrack from the track and the car – or something Ferrari has generated on their laptops – we don’t really care.