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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.
Top student technicians compete for $12 million in scholarships
Wed, 15 Jun 2011Jimbo Paranada and Marc Paguirigan wore their leis made of lucky Hawaiian ti leaves, but it wasn't quite enough to give the Maui High School students the win in the 62nd-annual Ford/AAA Student Auto Skills national competition on June 14 at Ford World Headquarters in Dearborn, Mich. The Hawaiian duo finished second to the two-person team of Matthew Saunders and Drew Torrey from Vale High School in Vale, Ore. The Oregon pair won the title of "America's Best Student Auto Technicians," outscoring at field of state champions from all 50 states.
UK has more EV charging points than electric cars
Sun, 15 Jan 2012The UK has more charging points than EVs Department for Transport figures say that there are now more charging points in the UK for electric cars than there are EVs. Yes, we have little time for electric cars as anything more than urban runarounds for those with enough spare cash to pay through the nose for inferior technology. And it’s becoming clear that the great British car buying public feel much the same.