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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.

Peugeot at the London motor show 2008

By Guy Bird and CAR reader reporter SandyT Motor Shows 24 July 2008 10:29 Pride of place might have gone to the UK unveil of the RCZ concept but a scissor-door Irmscher 207 GTi was the real surprise on the Peugeot stand. The 207 GTi by Irmscher is a study of how far a highly tricked-out production Peugeot could look. It’s no clunky concept either.

Bonkers Renault Twizy EV on sale at £6,690 +video

Renault Twizy EV - now on sale in the UK The Renault Twizy – a four wheel EV Scooter – has gone on sale in the UK this week at £6,990 plus £45 a month battery hire. To try and make electric cars do what conventional cars can do is a pointless task; it’s just not possible, certainly without quantum leaps in battery technology which, despite endless claims to the contrary, seems highly unlikely. But that doesn’t mean electric vehicles don’t have a place – they do.