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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.
New VW Golf R revealed – the most powerful Golf ever
Tue, 20 Aug 2013Volkswagen has announced the new Golf R hot hatch will make its world debut at the 2013 Frankfurt Motor Show before going on UK sale in spring 2014. As the undisputed king of the VW Golf range, the Golf R packs 300hp and four-wheel drive, and is likely to be priced from just under £30,000. As such, the Golf R also becomes the most powerful production Golf.
Ford Focus Econetic (2012) first official pictures
Wed, 06 Apr 2011Ford has released details and pictures of the 2012 Focus Econetic, the eco-efficiency variant of the new Ford Focus range with a hybrid-beating 80mpg claimed. Ford Focus Econetic: 80mpg and 95g/km Ford makes some impressive promises about the efficiency of the new Focus Econetic. The car has yet to be officially homolgated, but Ford has announced it expects 80mpg, and a hybrid-harassing 95g/km from the Focus Econetic's Duratorq TDCI direct-injection turbodiesel engine.