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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.

Caterham sells F1 team

Caterham The Caterham Formula 1 team has been sold to a consortium of Swiss and Middle-Eastern investors following a poor season so far in 2014. Rumours that Caterham would cut its losses have been rife, since team founder Tony Fernandes threatened to quit if things didn't improve this year. The team is currently bottom in the championship and Fernandes hinted of an exit last week, when he tweeted “F1 hasn't worked, but love Caterham Cars.” Graham Macdonald, Caterham Group CEO: “Firstly I want to thank everyone who was involved in the F1 team for all their hard work and dedication since the team’s first days in 2009.

Hyundai Nuvis Concept makes waves in New York

The Hyundai Nuvis Concept - a startlingly good crossover concept from Hyundai [ad#ad-1] We really do need to start taking the Koreans seriously (if we weren’t already) when it comes to cars. They are moving very rapidly up the ladder and if European car makers, never mind the Americans, aren’t careful there’s going to be another sea-change to rival the one that Japan made a few decades ago. And one to keep watching is definitely Hyundai.