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PSA Peugeot-Citroen: Factory closures & 8,000 job losses planned

PSA Peugeot Citroen has revealed it is to close one factory, cut job numbers elsewhere and shed a total of 8,000 jobs as demand for its cars dwindles. When we reported last year that Peugeot Citroen were planning to idle their plant in Trnava, Western Slovakia we said that this was just the tip of the iceberg for Peugeot Citroen, and that they would have to take far more drastic action if they were to survive. They must have been listening.

Cabbie trials smartphone-only payment

A LONDON cab driver has become the first to accept payment only from a mobile phone app as part of a new trial. Ian Cable will only accept payment via the Barclays PingIt app during the five-day trial, following on from also being the first cabbie to use chip and pin as a form of payment back in 2004. "I am very excited to take part in this trial,” said Mr Cable.

Ferrari 599 successor to debut at Geneva show

Ferrari has confirmed that the follow-up to the 599 Fiorano will debut at the Geneva motor show next month. The latest in Ferrari's long line of front-engine V12 GT cars, which stretches back to the 166 Inter of 1948, it's rumored to boast in the neighborhood of 700 hp. That's roughly double the power of the 365 GTB/4 pictured above, which Dan Gurney and Brock Yates famously used to cross the country in 35 hours and 54 minutes back in 1971.