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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.
Smart video hints at new ForTwo and ForFour designs (2014)
Tue, 08 Jul 2014By Adam Binnie Motor Industry 08 July 2014 12:42 Good news if you cannot wait for the official launch of Smart’s two new 2014 models: a sneak preview of the new ForTwo and ForFour has been released. The video shows off the innovations of the new models, including the ForTwo’s new ‘smile’ and wider stance, and was uploaded to the Daimler AG YouTube channel ahead of the cars’ launch in July 2014. It shows how the latest evolutions of Smart’s clever small cars retain features from their predecessors, such as the Tridion safety shell and wheel-in-each-corner design.
Chrysler reveals names of next Alfa Romeo cars
Wed, 18 Feb 2009Alfa Romeo's next two cars will be called the Milano and Giulia. Surprisingly, the news did not come from Alfa or its parent Fiat Group. Instead, Chrysler, Fiat's new alliance partner, revealed the names in its submission to the U.S.