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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.
Ferrari puts the interior of the 458 Italia on display in new photos
Thu, 27 Aug 2009We still have good vibes from the first photos of the new Ferrari 458 Italia, which were released a month ago. So we're happy to get more photos of the new Ferrari in advance of its rollout in Frankfurt next month. This new batch of photos gives us a first look at the 458 Italia's interior.
Honda Vezel Compact SUV goes on sale in Japan
Sun, 22 Dec 2013Honda Vezel Compact SUV (pictured) goes on sale in Japan The Honda Vezel – the production version of the Honda Urban Concept – arrived at the Tokyo Motor Show last month as Honda’s take on the Nissan Juke, and it’s now gone on sale in Japan. Honda are claiming to cover allk the bases with the Vezel, stating it offers “the dynamic qualities of an SUV, the elegance of a coupé and the functionality of an MPV”. A car for every man (and woman), no less.
