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News watch June 2010: today's auto industry news
Wed, 30 Jun 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-hour Wednesday 30 June 2010• Tesla shares have rocketed 40% on their first day of trading; the company went public this week with the first IPO of an American car company since Ford in the 1950s (BBC News)• GM may sell off its interests in finance arm GMAC and parts supplier Delphi as it seeks to write down its debts (Financial Times)• A Federal judge has approved the $20m sale of a former GM plant in Wilmington to Fisker Automotive; Fisker hopes to build 100,000 cars a year once production hits a peak after launch in 2012. It is using a $529m government loan to fund its launch (Detroit News)Tuesday 29 June 2010• UK business secretary Vince Cable has warned that the car industry is no longer in an emergency – and cannot expect direct government support.
Lamborghini LP 700-4 Aventador production passes 1,000
Thu, 19 Jul 2012On July 19, Lamborghini built the 1,000th Aventador. It was delivered to buyer Hans Scheidecker, a German architect and multicar owner. His other Lamborghini is a Diablo.
Kia CUB concept
Thu, 28 Mar 2013Kia gave its new CUB concept its official debut at this week's Seoul Auto Show. The B-segment five-door hatchback was designed at Kia's Namyang Design Center in Hwaseong, South Korea, under the direction of the carmaker's president and chief design officer Peter Schreyer and is less than 4 meters long. Developed as the latest study into Kia's B- and C-segment future models following last year's Trackster concept and the Provo concept unveiled earlier this month at the Geneva show, there are a number of design features taken from the 2007 Kia Kee 2+2 concept.