CPP comments as investor Vladimir Antonov loses his bank. Arrest warrant issued.

Vladimir Antonov - Arrest warrant issued over Snoras Bank collapse Russian businessman Vladimir Antonov has been busy buying up a raft of car companies (and Portsmouth FC) in recent years. But there are now big questions about how he financed that. Vladimir Antonov is the main shareholder in Lithuanian Snoras bank (he owns 68 per cent) and in Latvijas Krajbanka via a 60 per cent stake owned by Snoras.

Peugeot Citroen idles Slovak factory over falling orders

PSA to halt production of 207 & C3 Picasso in Slovakia The news that Peugeot Citroen (PSA) is to suspend production at its factory in Trnava, Western Slovakia, as orders for cars fall away, is another sign of the impending gloom in the Euro zone car industry. PSA has revealed that the Trnava factory – which produces the Peugeot 207 and Citroen C3 Picasso – will be shut from October 28th to November 18th (a period which does include two bank holidays) as orders start to fall away and production exceeds demand. But this announcement seems to be the tip of the iceberg for PSA’s factory closures.

SS safe for Chevy under Reuss's watch

From 1960s Chevelles to modern Camaros, speedy Chevrolets have always been identified with two letters: SS. But does the tradition-laden performance designation have a future in the new General Motors, which is under pressure to cut costs, make money and meet stricter fuel-economy regulations? “Absolutely,” Mark Reuss, GM vice president of global engineering, told AutoWeek.