PSA Peugeot-Citroen: Factory closures & 8,000 job losses planned

PSA Peugeot Citroen has revealed it is to close one factory, cut job numbers elsewhere and shed a total of 8,000 jobs as demand for its cars dwindles. When we reported last year that Peugeot Citroen were planning to idle their plant in Trnava, Western Slovakia we said that this was just the tip of the iceberg for Peugeot Citroen, and that they would have to take far more drastic action if they were to survive. They must have been listening.

Richard Petty Experience branches out, adds exotic-car driving programs

Stock-car legend Richard Petty is in the market for a few new cars: a couple of Ferraris, a pair of Lamborghinis, an Audi R8 and a Porsche 911 GT3 RS. That's because the Richard Petty Driving Experience is branching out from offering rides and drives in NASCAR-style stock cars. Beginning in January, at least one of the Petty facilities will offer rides and drives in exotic cars.

BMW M550d xDrive (2012) - the diesel M saloon

BMW has launched its first diesel M car: the new M550d xDrive in saloon and Touring estate forms. It's part of a strategy to fill the gap between the exclusive M GmbH division cars and the top-end cosmetic M Sport trim lines with a new range of M lite: BMW M Performance Automobiles. Developed by the engineers responsible for the M3, M5 et al, the new M550d xDrive is powered by a new high-output version of the 3.0-litre straight six turbodiesel packing not one, not two, but three turbochargers.