French car maker alliance to hand over control to GM
According to some reports, the founders of PSA Peugeot Citroen are apparently preparing to hand over control of operations to General Motors.
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New car sales in Europe reaching 20-year low
According to the latest numbers it is quite clear that new car sales in Europe have slumped almost 10 percent during the first quarter of 2013, which means that the market is spiraling down towards a 20-year low.
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Peugeot reveals details on new propulsion system
The French auto group PSA Peugeot Citroen has recently revealed details of a new and rather innovative fuel-efficient Hybrid Air propulsion system which it plans to install into small and city-sized production cars by 2016.
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Ford to close European plants due to massive losses
Ford has recently announced plans to close three of its European plants in its effort to curb losses and even achieve profitable growth with its European operations.
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