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Peugeot RC hybrid concept

Peugeot is poised to reveal the latest in its ‘RC' range of concept cars at the Paris Motor Show in October. Continuing on from the RC Spade and RC Diamond concept cars unveiled at the 2002 Geneva Motor Show, the as yet unnamed concept also follows on from the 908 RC V12 diesel concept of 2006. Designed by a team led by Peugeot head of design Jérôme Gallix, the four door, four seat sedan is claimed to be an accessible and versatile eco-efficient GT coupé.

Opel leaving China, but planning a car for the US

General Motors' Opel is withdrawing from China after several years of declining sales, with the last vehicles slated to be exported from Germany in January 2015. Opel managed to sell only 4,365 cars in China in all of 2013, compared to a staggering 810,000 Buicks, GM's most popular division in China. The lackluster sales and the planned withdrawal from China highlighted the unique demands of the Chinese domestic market, where Buick now offers almost twice the number of models as in the U.S.

Chrysler posts $370 million net loss on costs tied to repaid loans

Chrysler Group LLC, after recording its first post-bankruptcy profit three months ago, posted a net loss of $370 million in the second quarter due to costs tied to the repayment of government bailout loans. Chrysler incurred a charge of $551 million in paying back the U.S. Department of Treasury and the Canadian loans that kept the automaker afloat in 2009.