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News watch June 2010: today's auto industry news
Wed, 30 Jun 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-hour Wednesday 30 June 2010• Tesla shares have rocketed 40% on their first day of trading; the company went public this week with the first IPO of an American car company since Ford in the 1950s (BBC News)• GM may sell off its interests in finance arm GMAC and parts supplier Delphi as it seeks to write down its debts (Financial Times)• A Federal judge has approved the $20m sale of a former GM plant in Wilmington to Fisker Automotive; Fisker hopes to build 100,000 cars a year once production hits a peak after launch in 2012. It is using a $529m government loan to fund its launch (Detroit News)Tuesday 29 June 2010• UK business secretary Vince Cable has warned that the car industry is no longer in an emergency – and cannot expect direct government support.
Bugatti honors past heroes with 'Les L
Fri, 26 Jul 2013Evidently spurred onwards by corporate sibling Bentley -- and running out of precious jewels, pure bloods, and Harry Potter artifacts to name their limited-edition cars -- Bugatti is trotting out a limited-edition run of Veyrons to honor its past drivers and past glories. And Bugatti, of course, is nothing without its past glories. Bugatti is nothing without its special editions, either.
Nissan Celebrates 80 Years
Tue, 19 Nov 2013Nissan held a little gathering at its Yokohama headquarters two nights before the Tokyo Motor Show opened to celebrate 80 years of building cars. It has been making them longer than any other Japanese manufacturer. CEO Carlos Ghosn, who can do everything except maybe juggle, addressed a crowd of several hundred executives, suppliers, car club members and even some media, giving his remarks in what sounded like pretty good Japanese.