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News watch October 2011: today's auto industry news
Mon, 31 Oct 2011Welcome 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-hourMonday 31 October 2011• The two companies planning to buy Saab - China's Youngman and Pang Da - have agreed to pay a €50 million bridging loan, court documents show. And they are pledging €610m in long-term funding from 2012, according to ANE (Automotive News Europe) • Martin Winterkorn, the CEO of the Volkswagen group, says he is pleased with the performance of Seat and Skoda.
Hyundai ponders second U.S. plant
Mon, 17 Jan 2011As a lack of production capacity restrains its growth, Hyundai will consider a second U.S. assembly plant. "That's something that we're going to look at," Hyundai Motor America CEO John Krafcik said last week at the Detroit auto show.
Toyota Auris Touring Sports: Paris 2012
Thu, 27 Sep 2012Toyota has revealed the first estate version of the Auris – the 2013 Toyota Auris Touring Sports – at the Paris Motor Show. It’s a sensible move by Toyota to add an estate version to a car that competes in a segment where 25 per cent of all cars sold are estates, and the Auris Estate looks a decent offering. The Auris Touring Sports sits on the same 2600mm wheelbase as the Auris hatch, but it gets and extra 285mm longer thanks to the new shed on the back, a shed that offers what looks like a decent carrying capacity )although Toyota aren’t actually telling us how much ‘stuff’ the Auris estate can carry).