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UK car sales grow for first time in 15 months

By Tim Smith Motor Industry 06 August 2009 12:30 UK new car sales have nudged upwards by 2.4% in July 2009 – the first increase for 15 months. The Society of Motor Manufacturers and Traders, which collates registration figures, claimed that the scrappage scheme was responsible for the jump. Paul Everitt, SMMT chief executive, said: ‘The impact of the scrappage scheme is clear and we are encouraged by the positive impact it has had, increasing new car registrations since April 2008.

News watch August 2010: today's industry news

Welcome 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.

Toyota Prius Alpha, Prius Plug-in & Prius Concept at Detroit

Toyota Prius MPV (Toyota Prius Alpha) Teaser Toyota has been threatening to build more versions of the Prius for a very long time. Almost as long as there’s been a Prius, in fact. Until recently we thought that all Toyota Hybrids would be badged ‘Prius’.