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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.
Ram truck gets new V6, eight-speed transmission
Thu, 08 Mar 2012The Ram pickup scheduled to be introduced in April will offer both the Pentastar 3.6-liter V6 and an eight-speed transmission, according to a Chrysler Group filing with the Securities and Exchange Commission. The voluntary annual filing--which appeared Tuesday on the automaker's corporate Web site, chryslergroupllc.com--laid out many new features of the upcoming version of the automaker's top-selling vehicle. The new eight-speed transmission "reduces fuel consumption by up to 12 percent over our current five-speed transmissions," such as the one now in the Ram, the filing said.
Wild Mazzanti Evantra supercar debuts
Mon, 24 Feb 2014“The creation of each Evantra is a unique and emotional experience for those who participate in the project such as for the client who follows the birth of the car in each phase. Evantra V8 was not born to please everyone, instead to be herself and to generate emotions with her character and exclusivity.” That slightly broken piece of English is the refrain from Luca Mazzanti, CEO of Mazzanti Automobili. Its Evantra supercar made an appearance online before next month's Geneva motor show.