Honda Bevel Pinion Gear 41131-935; B75k1 B75k2 B75k3 on 2040-parts.com

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.

Renault confirms electric car production for 2011

It's hardly kept it a secret, but now Renault has officially announced that it will be putting its electric car range into production come 2011. You can read the full story on Renault's electric vehicle range in CAR’s December 2009 issue out on 18 November, in which Chris Chilton drives the mad concept cars. Yes.

Local Motors XC2V Competition

Local Motors, producer of the Rally Fighter, has teamed up with the Defense Advanced Research Projects Agency (DARPA) to host a design contest. The partnership, which was made possible within the Adaptive Vehicle Makes initiative, aims to create an Experimental Crowd-derived Combat-support Vehicle (XC2V), exploring the potential of a crowd-sourced design for military use. The initiative to develop a crowd-derived vehicle body design for the US military was created in an effort to decrease the time and developmental costs associated with creating niche military vehicles.