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News watch August 2010: today's industry news
Thu, 26 Aug 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-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.
Opel / Vauxhall Insignia Sports Tourer Crossfour revealed
Fri, 30 Dec 2011Insignia Sports Tourer Crossfour leaks out Opel / Vauxhall are planning a competitor to the Audi Allroad with a high-riding version of the Insignia Sports Tourer CrossFour. Audi have had the butched-up estate market pretty much all to itself for a long time with the Allroad, but hot on the heels of theVW Passat Alltrack we now look like we’re about to get a new competitor from GM in Europe – the Vauxhall / Opel Insignia Sports Tourer CrossFour. Opel has taken the normal recipe for the CrossFour, with plastic bits bolted on to the bumpers and wheel arches, a higher ride height and the obligatory four wheel drive, and mixed them in to the very capable Insignia Sports Tourer.
Honda Vezel urban SUV crossover stars at the Tokyo Motor Show 2013
Wed, 20 Nov 2013Honda has unveiled its take on the burgeoning compact crossover sector at the 2013 Tokyo Motor Show, and it’s called the Vezel. You can do your own jokes, but rest assured it won’t be called that once it reaches the UK sometime in 2015. It’s based on the same platform as the all-new Honda Fit, the car we know as the Jazz, and will go on sale in Japan this December.