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News watch November 2010: today's auto industry news
Tue, 30 Nov 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-hour Tuesday 30 November 2010• Fiat and Opel have signed an agreement whereby Fiat will supply vehicles comprising of several variants to Opel, commencing December 1 (Fiat)• Electric cars will make up 20 per cent of UK car sales by 2016, according to National Grid CEO Steve Holiday (Automotive News Europe)• Toyota has said it will repair 650,000 Prius models worldwide because of a fault with the coolant pump (BBC News)• Porsche look likely to succeed in persuading preferred shareholders to support a €5 billion stock sale becuase the deal may offer the chance to buy into Volkswagen at a discount rate (Bloomburg)• China will become Rolls Royce's biggest market, surpassing America as early as 2011 (Automotive News Europe) Monday 29 November 2010• Bentley has appointd a new CEO to succeed Franz-Josef Paefgen, who's retiring. Porsche R&D director Wolfgang Dürheimer, 52, is now chairman and chief exec of Bentley Motors and Bugatti (Bentley)• In return, Porsche has replaced Dürheimer with Wolfgang Hatz, an internal appointment.
Halfords rapped by advertising watchdog
Wed, 13 Nov 2013HALFORDS has been told to remove "misleading" pricing from its website after overstating savings on certain products. The car and bike accessories retailer listed two car radios in July, claiming savings of £20 on each one. But a complainant noted that the radios had only just been released, and challenged whether the savings claims could therefore be substantiated.
Aston Martin still aiming for a Lagonda SUV
Mon, 14 Oct 2013Aston Martin still aiming for a Lagonda SUV (pictured) Aston Martin has never had the easiest of financial journeys, and that’s no different today than it ever was in the David Brown days. Only last week we reported that Aston Martin made a thumping big loss in 2012, despite its cars having iconic status and generally considered to be the most beautiful cars made. But there is light at the end of the very long tunnel of AML’s financial woes, and that revolves round the recent investment by Investindustrial in Aston Martin and its subsequent tie-in with AMG.