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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.
Lamborghini Aventador LP700-4 Gearbox recall
Sat, 17 Dec 2011Lamborghini Aventador LP700-4 Gearbox fix creates recall It’s reported that Lamborghini are recalling the Aventador LP700-4 to correct gearbox problems. Last month we reported that the Lamborghini Aventador was suffering from gearbox problems, and that Lamborghini were delaying the delivery of cars afflicted until they could find a fix. Which wasn’t a great surprise for a new, small run car.
Citroen C1 (2014) first official pictures
Mon, 24 Feb 2014By Damion Smy First Official Pictures 24 February 2014 10:00 This is the Citroen C1 that will be shown at the 2014 Geneva motor show. It’s an all-new version of Citroen’s supermini, and is built on the same platform as the recently revealed Peugeot 108 and forthcoming Toyota Aygo. The new C1 is slightly longer than its predecessor (4.40m plays the new car’s 4.64), but is slightly narrower and sits at 1.45m tall, 15cm lower.