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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.

2013 Mercedes-Benz SLS AMG GT gets more letters, power

Two additional letters will spell more power for the 2013 Mercedes-Benz SLS AMG. The supercar will be named the SLS AMG GT for the next model year, which is meant to call attention to the light freshening that the glamorous two-seater will receive when it goes on sale in mid-November. Output grows to 583 hp from the naturally aspirated 6.2-liter V8, up from 563 hp in today's car.

Ford sees bump in sales of fuel efficient cars, vehicles with smaller engines

Ford customers are showing continued preference for new fuel-efficient models and powertrains with less muscle. Combined sales in May for the new Fiesta and Focus totaled 29,423--a 32 percent increase from a year ago. Ford sold 7,120 copies of the Fiesta and 22,303 of the Focus.