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New car sales up 7.9 per cent in May (2012) – Vauxhall Corsa best-seller

New car sales jumped 7.9 per cent in May 2012 compared to a year ago and the Vauxhall Corsa ousted the Ford Fiesta as top seller. Yes, we’re still in the depths of a recession and the Eurozone is in meltdown. Banks aren’t lending money and everyone’s tightening their belts.

Hendrick pays $1 million for first 2014 Corvette Stingray convertible

The first 2014 Chevrolet Corvette Stingray convertible sold Friday for $1 million at the Barrett-Jackson auction in Palm Beach, Fla., to car dealer and NASCAR team owner Rick Hendrick. Hendrick now has a pair of the seventh-generation Corvette after purchasing the first coupe for $1.05 million in January. Proceeds from the sale will benefit the Barbara Ann Karmanos Cancer Institute.

Peugeot Citroen idles Slovak factory over falling orders

PSA to halt production of 207 & C3 Picasso in Slovakia The news that Peugeot Citroen (PSA) is to suspend production at its factory in Trnava, Western Slovakia, as orders for cars fall away, is another sign of the impending gloom in the Euro zone car industry. PSA has revealed that the Trnava factory – which produces the Peugeot 207 and Citroen C3 Picasso – will be shut from October 28th to November 18th (a period which does include two bank holidays) as orders start to fall away and production exceeds demand. But this announcement seems to be the tip of the iceberg for PSA’s factory closures.