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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.
Geely deny copying Rolls Royce!
Sat, 25 Apr 2009The Geely GE at Shanghai - Geely deny copying the Phantom! Last month, long before the Shanghai Motor Show kicked off, we brought you a story on the Geely GE, a Rolls Royce Phantom rip off (or homage, if you prefer) which certainly made us smile. It was so blatant, but at the same time to crass, we couldn’t help but laugh.
Porsche Macan 2.0 litre 4-cylinder coming to the UK – but not Europe
Fri, 02 May 2014The Porsche Macan 2.0 litre Turbo will be available in the UK Porsche quietly revealed their first car with a 4-cylinder engine in almost a generation at the Beijing Motor Show last month with the arrival of the Porsche Macan 2.0 litre turbo, produced to mop up sale in China. China’s tax system mitigates against thirstier, bigger-engined cars, so a 2.0 litre turbo attracts tax at less than half the rate of the 3.0 litre V6 in the Macan S, so it will be the big volume model for China. But the demand from China for the 2.0 litre Macan means Porsche won’t have the capacity to build it for other left hand drive markets, so Europe won’t be getting the little-engined Macan.