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Peugeot-Citroen signs £1.3bn rescue deal

French 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.

Rolls-Royce Bespoke creates Year of the Dragon Collection

Rolls-Royce has announced a commemorative offering in preparation for the forthcoming Year of the Dragon celebration, which starts on January 23, 2012. Designed by Rolls-Royce's Bespoke team, the Year of the Dragon Collection has been inspired by the legendary creature that is revered in China, and created to celebrate the ultimate symbol of power, prosperity and good fortune. The collection features unique detailing on both the exterior and interior of the Phantom or Phantom Extended Wheelbase models and includes a gold hand-painted dragon coachline inspired by Beijing's Forbidden City; dragon headrest embroidery available in Tan, Golden Sand, Black and White; a dragon inlay, which will be hand-laid to the passenger panel and include the Phantom name outlined in gold; two hand-stitched cushions for the rear passengers, specified with embroidered double R-R logos and piping; and illuminated treadplates with ‘Year of the Dragon 2012' highlighted in LED lighting.

2015 Cadillac ATS-V spied chasing BMW M3

The Cadillac ATS was conceived as a BMW 3-series fighter, so it stands to reason that a hotter version of the rear-wheel drive sedan -- a Cadillac ATS-V -- would be called forth to challenge the mighty M3. New spy photos seem to show just that. Of course, this could be a case of a privately owned BMW M3 being in the right place at the right time, catching up with what appears to be a heavily camouflaged Cadillac ATS-V on the road somewhere outside metropolitan Detroit.