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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.
CAR test drive survey: win £500!
Thu, 13 Mar 2014By Ollie Kew (photography by Richard Pardon) Motor Industry 13 March 2014 14:00 If you’re after a new car, do you head straight for the online configurator, your local dealership, or online drive verdicts like CAR’s reviews section? We want to hear your views: click the link below to complete our short survey and you’ll be entered into a prize draw to win £500! With so much information online, and brands like BMW ambitiously purporting to offer a test drive experience via a smartphone and tablet app, the humble demonstrator test drive is in jeopardy of looking a little ‘last week’.
U.S. auto sales climb 14 percent in January
Fri, 01 Feb 2013UPDATED: U.S. auto sales, led Toyota Motor Corp. and the Detroit 3, rose 14 percent in January, giving the industry a bigger lift to begin 2013 than analysts expected.