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Fiat to spend big, dump the Punto & revive flagging fortunes by going upmarket

Fiat Punto to be axed as Fiat moves upmarket Fiat are having a very rocky ride as the Italian economy lurchges from one crisis to another. But Sergio Marchionne has a plan to put Fiat back on track. Spending of €9 billion over the next three years is planned to revive production in Italy, rationalise the Fiat range and continue to push upmarket with Maserati and Alfa Romeo.

Peugeot 308 R Concept: Peugeot’s hot 308 leaks ahead of Frankfurt

The Peugeot 308 R Concept (pictured) will debut at Frankfurt The new Peugeot 308 only got an airing back in May, and it won’t get it’s official public debut until the Frankfurt Motor Show next month. But Peugeot are already planning a hot version. The first photos of the Peugeot 308 R have surfaced this morning on Autowp and show an aggressive 308 with a very distinctive two-tone paint job.

Performance Car of the Year photo gallery - day 2

 CAR's road testers always dress up for the occasion The Porsche 911 GT2 RS is trailered to the south of France from Stuttgart. It's the car that raises the pulse more than any other here 'I'll have one of each please.' The Lamborghini Gallardo LP570-4 Superleggera and Mercedes-Benz SLS AMG arrive by lorry and appear magically on the top of a Provencal mountainside. Stops plenty of passing tourist trade Read the full story in the new January 2011 issue of CAR Magazine out on 22 December - there's a smashing 36-page standalone supplement charting the full story of Performance Car of the Year, as eight greats battle it out for CAR's annual sports car trophy Click through to our facebook page to 'like' your favourite images.