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Citroën C-Elysée & Citroën C4 L

The Citroën C-Elysée & Citroën C4 L are two new Citroens aimed at budget compact saloon buyers in emerging markets. The biggest car market in the world is actually the compact saloon, even if Europe, and particularly the UK, has taken to the hatch and compact SUV instead. We recently had the Peugeot 301 arrive as an offering for more budget-minded car buyers in countries like Turkey, Eastern Europe, Russia, Ukraine, Greece, Middle East and Africa, and the new Citroen C-Elysée is the Citroen take on the same objective.

Fiat makes bid to buy Opel

The proposed partnership between Fiat and Chrysler has been thrown into a tailspin with revelations that the Italian carmaker has made a secret offer to purchase a majority stake in Opel. Klaus Franz, chairman of Opel's works council, on Thursday confirmed Fiat's interest in a takeover of General Motors' European subsidiary, suggesting that officials have cleared the way for the signing of a letter of intent as early as April 28. Opel has been in talks with parts supplier Magna International on a possible partnership over the past month.

Fiat's Montezemolo plans to quit as chairman, sources say

Fiat S.p.A. Chairman Luca Cordero di Montezemolo will quit as company chairman to go into politics, three sources close to the company said. Montezemolo is set to stay on Fiat group's board, as well as remain chairman of the company's Ferrari sports car subsidiary.