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Peugeot-Citroen signs £1.3bn rescue deal

French car manufacturing giant PSA Peugeot-Citroen has signed a £1.32 billion deal with Chinese carmaker Dongfeng Motors and the French government to secure its future. The far-eastern firm and the French government will each invest €800 million (around £660 million). Both organisations will receive a 14% stake in the business.

Preview: Fisker Surf

Fisker has released the first image of its new Surf vehicle, set to debut at the 2011 Frankfurt motor show. Focusing on continuing with the company's philosophy, 'Pure Driving Passion' - the electric vehicle with extender range is said to be akin to the Fisker Karma sedan, but Fisker has intriguingly promised a new twist. Other than this and the sole image of the Surf, details of the car have been kept secret in the build-up to this year's Frankfurt motor show. CDN will be bringing you all the details and pictures from the show next week.

Hyundai increasing European production to 500,000 a year

Hyundai are upping production in Europe to 500,000 per annum There’s an awful lot of sense in car makers designing and building cars for the markets they serve locally, and it’s a route Hyundai has followed in Europe, where the majority of their sales are of European built models, not imports. With Hyundai sales still growing despite the European car market meltdown, Hyundai are increasing capacity in Europe to keep up with demand with further investment in their plant in Ízmit, Turkey. Originally, the Ízmit plant produced just 60,000 cars a year, but in 2007 that was increased to 125,000 and now it is being increased to 200,000 so the new i10 can be built there as well as the latest i20.