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New Peugeot 208 production cut as sales disappoint

Peugeot is cutting back on production of the new 208 as its sales fail to reach expectations, just six months on from launch. It’s not enough when Europe is ion the midst of an economic crisis and car buyers are polarised between ‘budget’ cars that offer more for less than mainstream offerings and ‘Premium’ models that are bought on the back of a preconceived notion of more kudos. That leaves car makers like Peugeot (and Renault, Citroen, Vauxhall, Ford, Opel, Fiat…) between a rock and a hard place, unable – or unwilling – to compete with the offerings from Korea and saddled with a brand that doesn’t have the ‘class’ of an Audi or a BMW or a Mercedes or even a VW.

Nissan Note Boat makes a splash (video)

Nissan Note Boat makes splash Before you get carried away the the thought that Nissan has somehow turned out a new Note that can turn itself in to a boat, they haven’t. Instead, Nissan’s PR has decided to bolt the new Note to a floating platform to demonstrate the versatility and some of the technology of the new Note. Nissan went of to Eton Dornay Lake – scene of some of our remarkable rowing feats in the 2012 Olympics – with a modified Note with a sliding single stroke seat for a rower to allow the Note – with its wide opening doors – to accommodate an oar poking out of each side.

Chinese bank may join Saab rescue deal

Saab's owner, Swedish Automobile, said on Monday it is discussions with a bank in China and Chinese automaker Zhejiang Youngman Lotus Automobile over a rescue deal for Saab. Reports had said on Sunday that the Bank of China would replace China's Pang Da as an investor in Saab, which is under bankruptcy protection. Swedish Automobile confirmed Monday that it is talking with Youngman and a bank in China about an equity interest, but did not name the bank.