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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.
Dodge Charger Pursuit sets fastest ever lap for AWD car in Michigan State Police tests
Thu, 03 Oct 2013In this year's Police Vehicle Evaluation conducted by the Michigan State Police at Grattan Raceway, a 2014 Dodge Charger Pursuit AWD has just set the fastest lap time ever recorded for an all-wheel-drive test sedan. The AWD Dodge Charger Pursuit set a time of 1:33.85, which was just a fraction of a second slower than the rear wheel-drive version of the car which set the previous benchmark at 1:33.70 back in 2012. The HEMI-powered sedan pairs a 370 hp V8 engine with an all-wheel-drive system, which uses a transfer case with front-axle-disconnect, which allows the Dodge Charger Pursuit to automatically go from RWD to AWD when conditions require it.
VW Golf Plus unveiled at Bologna motor show
Wed, 03 Dec 2008By Ben Pulman Motor Shows 03 December 2008 10:20 Volkswagen used today’s Bologna motor show to unveil its Mk2 Golf Plus, the third Golf model (after the three- and five-door hatchbacks) to get Wolfsburg’s latest looks. That new nose is indeed the obvious change. The headlamps, now with daytime running lights, receive a little nip on the inner edges and the two-bar grille is now in high-gloss black.