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Peugeot i0n electric car at 2009 Frankfurt motor show

By Tim Pollard First Official Pictures 08 September 2009 12:57 PSA is forging closer links with Mitsubishi; after the Outlander became the C-Crosser and 4007, now Peugeot has teamed up with the Japanese to launch the i0n – an electric car based on the electric Mitsubishi i-car. The zero-emissions Peugeot i0n (combines a zero with ions, geddit?) will go on sale at the end of 2010 and builds on the French company’s expertise with EVs stretching all the way back to 1995 when it launched the 106 Electric. It’ll go 80 miles on one charge of the lithium ion battery, making it ideal for urban commuting and short shuttles, says Peugeot.

Renault Twizy gets the Formula One treatment

Renault has applied the state-of-the-art kinetic energy recovery system (KERS) used in its Formula One drivelines to the pint-sized Twizy electric car. The result? A new zero-emission concept whose claimed 0-62-mph acceleration time matches that of the French carmaker's fastest production car, the RenaultSport Megane 265, at 6.0 seconds.

Chrysler's main creditors reach deal with U.S.; others hold out

The U.S. Treasury Department has reached a tentative debt-reduction agreement with Chrysler's main creditors but still must get other lenders to sign on for the deal to take effect, three people with knowledge of the talks said today. The accord with JPMorgan Chase, Citigroup, Goldman Sachs and Morgan Stanley would reduce Chrysler's $6.9 billion debt to $2 billion, which would be repaid by Chrysler in cash, they said.