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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.
Petersen museum executive director to retire
Wed, 09 Jun 2010The executive director of the Petersen Automotive Museum is retiring after a 12-year-run at the helm of one of the nation's preeminent car collections. Richard Messer is stepping down to concentrate on other business interests. He will be replaced by Buddy Pepp on June 15.
Jaguar Project 7: It’s an F-Type R with the DNA of a D-Type (video)
Wed, 10 Jul 2013Jaguar Project 7 (pictured) is an F-Type R with D-Type Styling We did wonder, when Jaguar revealed they were taking a one-off design study of the new F-Type to Goodwood this week if it would be the first look at the Jaguar F-Type R. Well, it is, but with a big twist. Yes, the Jaguar Project 7 – for that is what Jaguar has called this one-off F-Type – is an F-Type with the 542bhp version of the Supercharged V8 the other performance Jaguars get.