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New Smart ForTwo and ForFour set for 2014 unveil
Wed, 30 Oct 2013Mercedes-Benz's struggling Smart city car division is seeking to add a new dimension to the urban driving experience with its third-generation ForTwo, currently undergoing the final phase of a three-year test and development program ahead of a planned unveiling mid next year. Set for North American launch in 2015, the ultra-compact two-seat hatchback represents a fresh chapter in operations for Smart, which has recently gained greater independence from parent company Mercedes-Benz as its boss, Annette Winkler, attempts to stem years of financial losses after almost a decade of rebuilding following its short-lived joint venture with Mitsubishi. The new ForTwo, known internally as project C453, has been developed in a joint engineering program with the upcoming second-generation ForFour and its sister car, the third-generation Renault Twingo.
Peugeot-Citroen signs £1.3bn rescue deal
Thu, 20 Feb 2014French 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.
Ferrari California T (2014) first official pictures
Wed, 12 Feb 2014By Ollie Kew First Official Pictures 12 February 2014 13:30 Any new Ferrari is a big deal in the car world, but this new Ferrari California T is extra-special. Not only have the Italians finally morphed the ugly duckling of the range into something rather sleeker, it's boosted by turbochargers. That's the reason for the 'T' suffix on the California T's name, and makes this the first forced-induction Ferrari since the iconic F40 supercar.