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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.
Autoweek in review: What you might have missed
Fri, 11 May 2012On Thursday, May 10 the automotive world lost a legend. Carroll Shelby died in Dallas at Baylor Hospital. He was 89 years old.
Jaguar F-Type: FAST (video)
Tue, 14 Aug 2012With the Jaguar F-Type close to launch at the Paris Motor Show, Jaguar has released a new video extolling its performance potential. Although we’ve been looking at the Jaguar F-Type Roadster (albeit with a black and white camouflage paint job) since April, it doesn’t officially arrive until Paris next month. But Jaguar has learnt that the Interwebs like a constant drip of new information on hotly anticipated cars, so they’ve dropped a new video for the F-Type focussing on its performance.