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Are Peugeot Citroen set to be bought out by GM?

Could GM take control of Peugeot Citroen? Last year we reported that Peugeot Citroen (PSA) and GM were forming a joint alliance to cut costs and develop new cars. But we questioned if the small savings of €2 billion a year from jointly developing new platforms and engines would do anything to stem the losses both companies were facing in Europe, and wondered if the only solution was a merger.

Fisker goes to China's Wanxiang

China's Wanxiang Group won an auction for Fisker Automotive Holdings Inc., the maker of luxury plug-in hybrid cars, with a $149.2 million bid, almost six times what Fisker was seeking when it filed for bankruptcy. Wanxiang topped Hybrid Tech Holdings during the auction, which began on Wednesday and went through 19 rounds of bidding, with an offer that includes $126.2 million in cash and $8 million in assumed liabilities, Fisker said Friday in a statement. U.S.

Mazda MX-5 Superlight concept car: first official photos

By Tim Smith First Official Pictures 05 August 2009 00:01 This is the Mazda MX-5 Superlight show car – an MX-5 speedster with weight stripped out and windscreen relegated to the scrapheap. Think of it as the purest MX-5 yet. Sadly, it's just a concept car at present, destined to be shown at the Frankfurt motor show in autumn 2009.