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Peugeot 3008 HYbrid4 first of string of new Peugeot hybrids

Peugeot will launch the new 3008 HYbrid4 crossover in autumn 2011 as the world's first diesel-electric hybrid car - and it's the first in a string of hybrid cars coming from Peugeot and Citroen. The 3008 HYbrid4 will be followed by a brace of 508 hybrids in spring 2011, and engineers have told CAR that any car on the mid-sized PF2 and full-sized PF3 platforms can use the same innovative electric 4wd architecture.  Although pricey at £26,995, Peugeot expects to sell 10,000 of the 3008 HYbrid4 in its first full year and the parent group PSA Peugeot Citroen is targeting 100,000 annual sales of hybrids as soon as 2015. Peugeot 3008 HYbrid4: the lowdown Peugeot has picked its mid-market crossover the 3008 to premiere its first hybrid engine.

Limited Edition MINI Countryman and MINI Paceman get Frozen Black Metallic Matt paint

MINI Paceman (pictured) with the new Frozen Black Matt paint job Matt paint finishes are not exactly everyone’s cup of tea, but for those with deep pockets – buying expensive cars – they’ve been an option for a while. And now BMW are extending their Matte paint finishes to MINI, with limited editions of the MINI Countrymnan and MINI Paceman being offered with the special Frozen Black Metallic Matt paint job. The Matt paint – which is textured and shimmers – certainly gives the MINI a new look and will be available on MINI Cooper S Countryman, MINI Cooper SD Countryman, MINI Cooper S Paceman, MINI Cooper SD Paceman, MINI John Cooper Works Countryman and MINI John Cooper Works Paceman.

Ford cuts CEO's compensation 37%

Ford Motor Co. CEO Alan Mulally earned $13.57 million in total compensation in 2008, a 37 percent decline, as the automaker avoided seeking a federal bailout while posting a record loss. Mulally will take an additional 30 percent cut in salary this year and next as he battles a global financial crisis and the worst U.S.