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News watch August 2010: today's industry news

Welcome 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.

Audi's new A8 (2010): the first teaser photos

By Ben Pulman First Official Pictures 21 July 2009 17:34 Audi has released a teaser picture and sketch of its new A8 limo. Buried amongst the press material for Ingolstadt’s 100th anniversary were the two teaser images: the sketch reveals the headlight and grille design; the picture shows the A8 hidden beneath a black Audi-branded dustsheet.The A8 is currently in the final stages of testing, but Audi promises an unveil in ‘the late autumn of 2009’ – the new aluminium limo isn’t expected at the Frankfurt motor show this September, so we should see it in LA later in the year. Audi claims its ‘new flagship offers an impressive palette of innovative technologies and will redefine the benchmark for luxury saloons.’  A typically bullish claim – how will Audi match its boasts?The basic tech remains the same, with an aluminium chassis – which will also underpin the next Bentley Continental – that contributes to a significant weight saving.

New Honda NSX

By Tim Pollard Motor Industry 20 December 2006 09:38 You're looking at the long-awaited successor to Honda's NSX. After years of on-off speculation, we will finally see the new supercar in thinly veiled concept guise next month. The company says this low-slung coupe 'provides a glimpse of the next-generation Acura exotic sports car' - but insiders openly talk of this being the new NSX.