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PSA Supervisory Board Agree to Dongfeng and French Government Investment

PSA Supervisory Board Agree to Dongfeng and French Government Investment

The Peugeot family would lose its controlling stake in the company

The supervisory board of PSA Peugeot-Citroën has agreed to raise $4.1 billion (3 billion euros) by selling shares to Chinese automaker Dongfeng Motor and the French government. The move is meant to save the company from bankruptcy and strengt...
20.01.2014 | 24893 views | 0 comments
Next Nissan Z Will Be Smaller and Turbocharged

Next Nissan Z Will Be Smaller and Turbocharged

Styling will get a big change

Rumors of a new Nissan Z have been cropping up for the past two years. Jay Leno even visited lead designer Shiro Nakamura and saw early sketches of it. Nissan has revealed more plans for the car but has still not said when the next Z will be unvei...
20.01.2014 | 4431 views | 0 comments
Opel/Vauxhall Sales Stay Stagnant But Market Share Rises

Opel/Vauxhall Sales Stay Stagnant But Market Share Rises

It is GM's second largest brand

Opel/Vauxhall shifted 1,063,979 cars in 2013, a 0.4% decrease in sales. However, market share grew to 5.61%, a 0.02% increase, but the first year-on-year increase in 14 years. It also became General Motors’ second largest brand and the third...
20.01.2014 | 17132 views | 0 comments
Renault Entering Five 8 Gordinis in Rallye Monte-Carlo Historique

Renault Entering Five 8 Gordinis in Rallye Monte-Carlo Historique

It is the models' 50th anniversary

Renault made quite a name for itself in rallying, especially from the 60s to the 80s, and Renault builders like Gordini and Alpine were also quite successful. Renault Classic is entering five Renault 8 Gordinis for the 17th Rallye Monte-Carlo Hist...
20.01.2014 | 10380 views | 0 comments
Brown Family Returns to Auto Industry with British Sportscar

Brown Family Returns to Auto Industry with British Sportscar

The new sportscar will be revealed in April

Despite the country’s famously rainy weather, Britain has carved out a niche as one of the world’s premiere makers of two-seat, convertible sports cars. One more brand can be added to that list in April when David Brown Automotive laun...
20.01.2014 | 764 views | 0 comments
Cadillac Changes Its Crest for the First Time Since 1999

Cadillac Changes Its Crest for the First Time Since 1999

The company was founded in 1902 and named after the founder of Detroit

Few automakers have a history that goes back as far as Cadillac. When Henry Ford left the Henry Ford Company with the company’s top engineers to found the Ford Motor Company, the company’s remaining financial backers wanted to continue...
17.01.2014 | 9729 views | 0 comments
Audi Developing New Design Language to Differentiate Cars

Audi Developing New Design Language to Differentiate Cars

It is also going to give Quattro heavier marketing

Audi is working on a whole new design language with the intention of making its models more differentiated so that the A4, A6 and A8 do not just look like miniature versions of one another. At the same time, it will heavily market the advantages o...
17.01.2014 | 5153 views | 0 comments
Young Fiat Chairman Elkann is Shaping the Company's Future

Young Fiat Chairman Elkann is Shaping the Company's Future

His family has controlled the company for 115 years

Fiat CEO Sergio Marchionne receives most of the headlines when it comes to both Fiat and Chrysler, but the company’s 37-year-old chairman of the board John Elkann will play a major role in shaping its future. Elkann is the latest member of t...
17.01.2014 | 10992 views | 0 comments
Smaller Panamera May Be in Porsche's Future

Smaller Panamera May Be in Porsche's Future

It would provide the company will a slightly smaller sedan

Porsche is internally evaluating creating a smaller sedan that would sit below the Panamera. The company’s idea is that the new model would sit below the Panamera in the same way the Macan sits below the Panamera. “Speaking very fr...
17.01.2014 | 6025 views | 0 comments
Lotus F1 in £114m of Debt, Still Owes Raikkonen Money

Lotus F1 in £114m of Debt, Still Owes Raikkonen Money

It does not yet have an engine deal with Renault

Despite being one of the top teams in Formula One for the past two seasons, Lotus and its owner Genii Capital are heavily in debt to the tune of £114 million, or $187 million at current exchange rates. Team owner Gerard Lopez discussed t...
17.01.2014 | 1807 views | 0 comments

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