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BMW SUCCESS AT BCA SALE
Thu, 10 Oct 2013A WIDE selection of used BMW vehicles fetched a total of £9.2 million at a special sale held by BCA in December. 325 vehicles were sold at the Virtual Auction held at Park Plaza Riverbank, with an average selling price of £29,700. Interest was fuelled by a number of vehicles making their used market debuts, including the Mini Cooper D Countryman, new 520d, 525d and 530d 5 Series models and the X5 X-Drive 4.0d M Sport.
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.
French Revolution: a tragic tale of three car brands
Fri, 23 Oct 2009Once upon a time, in France, there were three brothers, three very different characters, but whose futures were inextricably linked. The youngest brother was Citroen. He was brilliant and he was good-looking.