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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.
Ford's 1.0-liter EcoBoost wins engine of the year
Wed, 05 Jun 2013Ford's 1.0-liter EcoBoost engine was named the 2013 International Engine of the Year on Wednesday, marking the second consecutive year it has done so. The engine also took home the highest score in the history of the awards, along with a “Best Engine Under 1.0-liters” category. The tiny engine packs a respectable punch for its size, producing 123 hp and 148 lb-ft or torque (Specs may be different pending specific model the engine is in).
80% of drivers don't care about emissions
Tue, 13 May 2014EIGHT OUT OF 10 drivers in the UK say they wouldn’t change their car to a lower emissions model to save on road tax. This stark admission from the nation’s drivers follows a survey that also found 65% of Britain’s motorists don’t know their VED (Vehicle Excise Duty), or road tax, is calculated on the carbon dioxide emissions of their car. Many drivers think their road tax is worked out based on the size of engine in their car.