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Peugeot Citroen to buy Mitsubishi

It's being reported that PSA (Peugeot Citroen) are to take control of Mitsubishi Car makers have been fighting hard to survive in the last year or so as the landscape for their products goes through the biggest sea change ever. Fiat boss Sergio Marchionne was quoted as saying that if car makers didn’t rationalise and merge then they would go under. He sees a car making landscape with a handful of huge car makers and a plethora of very small ones – nothing in between.

McLaren P1′s Pirelli P Zero Corsas key to performance +video

The new McLaren P1 is shod with custom-made Pirelli P Zero Corsa Tyres specially developed to meet the challenges of a 903bhp supercar. Ron Dennis has already told us that he has driven the P1 round the Top Gear test track at Dunsfold a full 10 seconds quicker than the Pagani Huayra went round, so we know the P1 has huge abilities on tap. But what’s also interesting is that Ron did his Top Gear lap on the P1′s road tyres, specially developed for McLaren by Pirelli, and not on hand-cut slicks like the Pagani Huayra.

Electric Fiat 500e costs the same as 500 Pop – in the US

Sergio Marchionne reckoned Fiat would lose £7k on every 500e they sell, but that may be a very conservative estimate judging by the deal Fiat has put together for the 500e in California, where it’s just launched. For a very modest down-payment of £650 and then £130 a month, you can drive off in a brand new Fiat 500e. That’s exactly the same deal Fiat offers on the 500 Pop – a car that cost under £10k in the UK – making the 500e the first EV we’ve come across where costs are sensible.