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Peugeot-Citroen signs £1.3bn rescue deal
Thu, 20 Feb 2014French 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.
Smart For-US
Thu, 08 Dec 2011Smart has announced the For-US concept, which will debut at the 2012 NAIAS. The For-US is a two seat 'urban pick-up' that adopts a 'tongue-in-cheek' demeanor and is aimed at youth and the young-at-heart. The pint-sized pick-up is a zero-emission vehicle with a 55kW magneto-electric motor at its core.
Slump in new car sales is worst since February 2006
Mon, 07 Jul 2008By Nigel Wonnacot Motor Industry 07 July 2008 12:42 It’s finally happened. The new car market has succumbed to the economic slowdown and punters are staying away from showrooms in droves. Latest figures from industry trade body SMMT showed an 11.9 per cent fall in private sales in June to 83,425 cars.