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Mandelson to announce help for car makers

Lord Mandelson is the man charged with finding ways to fund UK Car purchases (yes, he of the dodgy mortgage debacle – at least he should know a few tricks!) as the credit crunch has dried up funding, leading to an unprecedented drop in new car sales in the UK. Mandelson is due to make a statement in the Lords just after 3pm today, outlining the help the government is going to offer to ailing car makers. Central to this package is expected to be a funding channel directly from the Bank of England to inject liquidity in to the car financing sector.

Vauxhall & Opel could merge with Peugeot Citroen.

GM Europe (Opel and Vauxhall) could extend their deal with PSA (Peugeot Citroen) with a Joint Venture or merger. When GM Europe and PSA announced they were forming an alliance earlier this year, we asked if this was an admission that the mainstream car market in Europe had changed forever, and an alliance between Opel, Vauxhall, Peugeot and Citroen was the only way to keep the brands viable. But we did also question what use a projected annual saving of €2 billion by sharing suppliers and co-developing platforms would be to PSA and GM considering their woeful losses.

Honda HR-V small SUV debut at Paris Motor Show

The Honda HR-V small SUV (pictured) debuts at Paris 2014 If the Honda HR-V name sounds familiar, that’s because Honda has already made an HR-V – a small supermini SUV – which arrived in 1999-  but disappeared a few years later before the world fell in love with small, funky SUVs like the Nissan Juke and MINI Countryman. So having been in the small SUV market ahead of the curve – and dropping out again before the market took off – Honda has decided it’s time to bag a share of the seemingly ever-growing small SUV market – a market worth getting on for 100,000 sales a year in the UK – which means only one thing – an all new Honda HR-V. Due to be revealed at the Paris Motor Show next month, Honda are billing the HR-V as a concept, but as far as we can see it’s pretty much production ready, and will arrive in Honda’s UK showrooms in summer 2015.