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Peugeot Citroen idles Slovak factory over falling orders

PSA to halt production of 207 & C3 Picasso in Slovakia The news that Peugeot Citroen (PSA) is to suspend production at its factory in Trnava, Western Slovakia, as orders for cars fall away, is another sign of the impending gloom in the Euro zone car industry. PSA has revealed that the Trnava factory – which produces the Peugeot 207 and Citroen C3 Picasso – will be shut from October 28th to November 18th (a period which does include two bank holidays) as orders start to fall away and production exceeds demand. But this announcement seems to be the tip of the iceberg for PSA’s factory closures.

Saab China – Deal Dead

Saab has terminated the deal with Youngman and Pang Da Did we expect anything different? Saab has announced that the deal for Chinese companies Youngman and Pang Da to take a €245 million stake in Saab has been terminated. Saab say that they have terminated the agreement because Pang Da and Youngman have failed to confirm their commitment to the Subscription Agreement on the agreed terms, and the money the Chinese (according to Saab) were to pay by this weekend has not been received.

VW Design Vision GTI gets 500bhp: Worthersee

The Design Vision GTI is built to show what a Golf built for racing would look like – and perhaps point to future evolutions of VW’s most successful car – and is built on the same MQB platform as the regular GTI. It’s a bit shorter (15mm) than a regular Golf, a chunk wider (71mm) and a lot lower (57mm) which conspires to make the Design Vision GTI much more aggressive looking than its mainstream sibling. Power comes from a 3.0 litre V6 with two turbos – good for 500bhp and 413lb/ft of torque – which is driven to all four wheels through a DSG ‘box and can scoot to 62mph in a supercar-like 3.9 seconds on its way to 186mph.