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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.
Rolls-Royce announces new Wraith coupe for 2013
Fri, 18 Jan 2013Rolls-Royce will launch the Wraith, a new Ghost-based coupe, at the 2013 Geneva motor show in March. We’re promised it’ll be the most powerful and dynamic model in the 108-year history of Rolls-Royce. ‘Expect the boldest design, the most dramatic performance and the most powerful Rolls-Royce that has ever played host to the famous Spirit of Ecstasy figurine,’ said Rolls boss Torsten Müller-Ötvös when he announced the Wraith at the company’s world dealer conference in London this morning.
Salon Prive 2012: Supercars, Classic Cars & more
Sat, 08 Sep 2012The last few days has seen Salon Privé 2012 at Syon Park in London with Lobster, Champagne, Supercars, Classic cars and a great atmosphere. As we’ve said before, Salon Prive is a Garden Party with endless Champagne and Lobster and manicured lawns that just happen to be littered with the finest automotive machinery on the planet. Yes, the tickets are expensive at north of £200, but you don’t just get the chance to be up-close and personal with the finest cars there are, you get an endless supply of Champagne and Lobster and the chance to people watch with a vengeance.