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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.
Hyundai Nuvis concept (w/ Gallery)
Mon, 13 Apr 2009Hyundai's North American design team unveiled the HCD II ‘New Vision Utility' (NUVIS) concept at the New York Auto Show, the eleventh signature concept car to be designed at the company's California Design Center in Irvine, California. In addition to showcasing the brand's cutting-edge capabilities, Nuvis also hints at a possible design direction for a future-generation crossover, blending attributes of a tall urban car and a premium utility vehicle. Read our opinions of the concept in our 2009 New York Auto Show Highlights Related Article: Hyundai Nuvis concept - New York 2009 Photo Gallery: Hyundai Nuvis concept
'Gran Turismo' pays tribute to Senna with 'Ayrton's Wish'
Fri, 02 May 2014Back in October, "Gran Turismo" announced a partnership with the Ayrton Senna Institute. We're finally starting to see the fruits of that labor -- a Senna-edition Playstation 3 bundle in Brazil notwithstanding. The first element of a month-long tribute from publisher Polyphony Digital is the above 20-minute film, "Ayrton's Wish." Two months before Imola, Ayrton told his sister Viviane that he wanted to give back to the country that so idolized him.