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Peugeot Citroen idles Slovak factory over falling orders
Thu, 20 Oct 2011PSA 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.
Porsche Panamera S E-Hybrid qualifies for £5,000 taxpayer incentive
Wed, 27 Nov 2013Porsche Panamera S E-Hybrid qualifies for £5,000 taxpayer incentive When Porsche revealed the first facelift for the Panamera back in April, they also revealed the Panamera S E-Hybrid, a plug-in hybrid with the power of a V8 and the fuel consumption of a city car. It’s a brilliant demonstration of how car makers have worked their way round the daft CO2 tax regimes designed to strangle the marketplace for powerful, luxury cars by using technology to attain far lower official emissions figures than ever. In the case of the Panamera S E-Hybrid that means a plug-in hybrid with a 94bhp electric motor to boost the power from the 3.0 litre V6 to 410bhp.
More executive upheaval as GM changes CFO
Thu, 10 Mar 2011Chris Liddell, the onetime executive hotshot hired from Microsoft and rumored to be a candidate for CEO, is leaving General Motors on April 1. The 52-year-old will be replaced by Dan Ammann, 38, who is GM’s treasurer. Liddell oversaw GM’s historic return to the stock market last year after its 2009 bankruptcy.