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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.

Show Preview: Frankfurt motor show 2011

The biannual Internationale Automobil-Ausstellung, or the Frankfurt motor show, is again due to take place this September, swapping places with its sister show in Paris. One of the world's largest motor shows – certainly physically – the IAA is held at Frankfurt's Messe complex, and in recent years has been themed, with the last event in 2009 carrying the theme of ‘electrification', with virtually every manufacturer revealing a vehicle using the latest battery technology. Fittingly, the most notable unveil at that show was the BMW Vision Efficient Dynamics Concept, which was easily the most innovative and original car of 2009.

Mercedes E-Class sports wagon ‘on the drawing board’

By James Foxall Motor Industry 26 May 2009 09:50 Mercedes is working on a sporty two-door estate, CAR can disclose. Based on the unusual Concept Fascination show car, the new niche buster would expand Merc’s E-class line-up further. The car that’s being studied closely mirrors the Concept Fascination that was originally shown at the 2008 Paris motor show as a preview to the latest E-class saloon and coupe.