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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.
Geneva motor show (2013) A-Z news and reviews
Wed, 06 Mar 2013Welcome to CAR's guide to the 2013 Geneva motor show. We're bringing you news of every launch as it happens (including full details on the new 950bhp Ferrari LaFerrari and 903bhp McLaren P1) and we've gathered together all our stories on the most important new cars in this handy A-Z guide. Alfa Romeo 4CAlfa's gorgeous £50k Porsche Cayman rival Alpina BMW B3 BiTurboBMW tuner builds a turbocharged straight-six M3 Aston Martin Rapide S Aston facelifts its elegant limo, gives it extra 80bhp Aston Martin Vanquish CentenarySpecial 565bhp Vanquish celebrates Aston's 100th birthday Audi S3 SportbackAudi takes on the hot hatch crowd with 296bhp Quattro Audi RS Q3 It's the first ever SUV from Audi's RS tuning arm Bentley Continental Flying SpurBentley's fastest ever four-door packs 616bhp Bertone RapideEver thought your Aston Rapide needed more boot space? Try this...
Spyker warns that Saab's future is 'uncertain' without fresh funds
Fri, 01 Apr 2011Spyker Cars NV, the Dutch parent of Saab, said the Swedish automaker's financial situation is worsening and warned that Saab's future is at risk without additional financing. In its annual report released today, Spyker said the company's "continuity" could become uncertain unless it secures extra funds to finance ongoing operations and the execution of its business plan. Earlier this week, Saab was forced to shut down production for short intervals after key suppliers halted parts deliveries for non-payment.