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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.
Peugeot 308 SW
Tue, 04 Mar 2008By Tim Pollard First Official Pictures 04 March 2008 20:03 So what's new on Peugeot's Geneva Motor Show stand?Not a gala show by Peugeot's standards, if we're being honest. The biggest news on the stand today was the arrival of the 308 SW - a single replacement for two models. This time around, Peugeot isn't distinguishing between the estate and the SW people carrier.
BMW celebrates 25th anniversary of the 8-series
Thu, 05 Jun 2014BMW is celebrating the 25th anniversary of the debut of the BMW 8-series, which premiered at the 1989 Frankfurt Motor Show. That's right, the 8-series has been with for 25 years. And yes, 1989 was a quarter of a century ago, as if we needed another reminder of just how old we're getting.