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New products to drive Porsche's sales goals
Mon, 24 Jan 2011Porsche may add an entry-level sports car as part of a plan to double global sales to 200,000 units by 2018. The new four-cylinder sports car would be in addition to a small SUV and a plug-in hybrid supercar recently approved for production. Matthias Mueller, the former Volkswagen executive who took over as Porsche CEO in October, says a new product strategy will be completed by the end of March.
Abarth 695 Maserati Edition (2012) first pictures
Tue, 22 May 2012Remember the Abarth 695 Tributo Ferrari, the hyper-expensive hot hatch fettled with some help from Maranello? Well now Fiat has tuned up its baby 500C convertible pocket rocket with assistance from Maserati. The new limited-edition Abarth 695 Maserati Edition will carry a similarly eye-watering price tag - just 499 of the convertible hot hatch will be built and it tops a heady £32,000.
New Peugeot 208 production cut as sales disappoint
Tue, 09 Oct 2012Peugeot is cutting back on production of the new 208 as its sales fail to reach expectations, just six months on from launch. It’s not enough when Europe is ion the midst of an economic crisis and car buyers are polarised between ‘budget’ cars that offer more for less than mainstream offerings and ‘Premium’ models that are bought on the back of a preconceived notion of more kudos. That leaves car makers like Peugeot (and Renault, Citroen, Vauxhall, Ford, Opel, Fiat…) between a rock and a hard place, unable – or unwilling – to compete with the offerings from Korea and saddled with a brand that doesn’t have the ‘class’ of an Audi or a BMW or a Mercedes or even a VW.