New 1959 Chevy Impala Hood Vee on 2040-parts.com

Jaguar to develop luxury brand with China’s Chery to get NDRC approval

A Jaguar-based Chery for China on the way Reports from China say that Jaguar is to develop a new luxury sub-brand with putative Chinese partners Chery Automobile to get NDRC approval for a Joint Venture. We’ve reported on speculation about Jaguar Land Rover’s efforts to form a joint venture in China to gain access to the most important car market in the world quite a bit this year. And now it looks as though that joint venture is getting closer, with reports that Jaguar and Chery Automobile are to develop a new luxury brand for China based on Jaguar’s cars.

Peugeot-Citroen signs £1.3bn rescue deal

French car manufacturing giant PSA Peugeot-Citroen has signed a £1.32 billion deal with Chinese carmaker Dongfeng Motors and the French government to secure its future. The far-eastern firm and the French government will each invest €800 million (around £660 million). Both organisations will receive a 14% stake in the business.

Lotus's glimmer of hope: Proton stands by Hethel

After another painful year of sales for Lotus in the UK – down 58% on 2011 - Norfolk's beleagured sports car brand has kicked off the New Year with the grand unveiling of its new flagship Malaysian showroom, and the thumbs-up from senior Proton company suits that Lotus isn't on its last legs. The announcement comes in the same week Lotus’s sales figures were released for 2012. Showing a substantial 58% decrease in sales and selling just 137 vehicles, Lotus Cars was the worst performer in the UK with a woeful 0.01% share of the market.  Are Lotus's Malaysian owners sticking by the company?