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Fiat's Marchionne says he won't walk away from Chrysler deal

Fiat S.p.A. will not walk away from its plan to buy bankrupt Chrysler LLC, CEO Sergio Marchionne told Bloomberg after a U.S. court delay threw the deal into doubt.

GM and PSA announce four joint vehicle programs

PSA Peugeot/Citroën and General Motors have confirmed they will develop four future vehicle projects as part of their ‘Global Strategic Alliance' as both parties grapple with dwindling sales and spiraling costs in the European market. The first is a joint program for a compact-class MPV for Opel/Vauxhall and a compact-class Crossover Utility Vehicle for the Peugeot brand. The second project has been confirmed as a joint MPV program for the small car segment for Opel/Vauxhall and the Citroën brand.

L'argus European Design Competition 2004 winners announced

With its 3rd design competition, French automotive magazine L'argus de l'automobile challenged design students in the European Union to express their creativity on the theme 'Imagine the convertible commercial vehicle'. With a total of 350 designs submitted, the competition was a resounding success, confirming the interest design schools and their students are taking in this forward-looking competition. Starting out from a light commercial vehicle, the candidates had to propose changes adapted to the specific needs of their user: their basic vehicle could for example be transformed into a helicopter for delivery services, into a work platform for engineers, into a workshop for joiners.