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Robert Kidder, former Duracell chief, to head new Chrysler as chairman

Business consultant Robert Kidder is set to become the new chairman of Chrysler Group when it emerges from bankruptcy. Kidder, 64, will replace Bob Nardelli, who was hired in 2007 after Daimler sold Chrysler to private equity group Cerberus. A new board of directors, to be formed after bankruptcy, will hire a new CEO for Chrysler.

Mazda SkyActiv technology goes on offer to raise funds

Mazda is looking to license their SkyActiv Technology to raise capital (CX-5 with SkyActiv pictured) Mazda are predicting losses for the current financial year of £750 million and are looking to sell their SkyActiv technology to raise cash. Mazda isn’t having the best of times at the moment, despite an impressive range of cars that are getting more interesting with Mazda’s SkyActiv technology, and are predicting that they will post a loss of around £750 million for the current financial year. There are a variety of reasons for Mazda’s financial predicament – including the strength of the Yen and the production problems after the Japanese Tsunami – but this is the fourth year in a row Mazda has posted losses.

Peugeot 508 (w/ Gallery)

The new Peugeot 508, previewed by the 5byPeugeot Geneva show car earlier this year, is the replacement for the D-segment 407 and the larger E-segment 607. The 508 retains many of the design themes of the concept: a more restrained grille outline, diving headlamp graphic and embossed lion emblem surface convey a similar DRG. The sedan's three-light DLO is also intact as is the trunk lid's unusually high-set trim highlight, although the taillamps have lost their body color inserts.