Putco 290140b Led Dayliner G3 Fits 09-14 F-150 on 2040-parts.com

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.

Video: Lexus LFA charges around GingerMan Raceway

OK, we've given you a good look of the Lexus LFA sports car inside and out, and told you our thoughts about this V10 supercar. But what you really want to want to know is what's it like to drive with no holds barred. We did that, too.

MINI United Festival Roundup

Olivia Harrison and Paul Weller at the MINI United Event at Silverstone [ad#ad-1] The MINI United Event has been with us for a couple of years now, but with this year being the 50th Anniversary of the Mini, the event exploded in to something pretty huge. Held at Silverstone over this weekend there were cars, and people, from the four corners of the earth. Over 10,000 Minis, and 25,000 people, made the pilgrimage to Silverstone to celebrate all things Mini (and MINI) in style.