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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.

McLaren confirms limited run of 12C GT Can-Am racers

It's been a busy weekend for McLaren: not only did Lewis win the 2012 US grand prix, but the car-making division confirmed it would build the most powerful MP4-12C yet – the new 12C GT Can-Am Edition. It's the track-focused 12C racer and Woking has sanctioned a limited run 'of no more than 30 examples.' McLaren MP4-12C Can-Am: the background It's a maxxed-up version of the MP4-12C road car, which has so impressed us since launch. Here the 3.8-litre V8 bi-turbo is derestricted and boasts a maximum power output of 621bhp.

Mazda Takeri concept

Mazda has released pictures of the Takeri concept ahead of the car's unveiling at the forthcoming Tokyo motor show. Said to preview the next generation 6, the concept is the second car from Mazda to adopt the 'Soul and Motion', or ‘Kodo', design language. The Takeri's DRG is dominated by the now familiar large Mazda grille, itself rimmed by a silver section that intersects the lamp graphic.