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Smart car inventor Nicolas Hayek dies

Nicolas Hayek, the engineer and industrialist who founded the Swiss watch company Swatch and brought the world the Smart car, died on June 28 of heart failure at his office in Switzerland. He was 82. Hayek saved the Swiss watch industry from lower-priced Asian competition in the early 1980s by offering colorful, inexpensive Swatch timepieces that he backed with equally colorful marketing.

GM to build Cadillac ELR in Detroit

General Motors confirmed Tuesday that it will build the Cadillac ELR extended-range plug-in hybrid at the same plant that builds the Chevrolet Volt and Opel Ampera hybrids. GM said it will spend $35 million on the Detroit-Hamtramck Assembly plant to add the Cadillac. GM North America president Mark Reuss said production of the ELR is set to begin in late 2013.

Peugeot 2008 Crossover: UK price from £12,995

That meant the Urban Crossover Concept from Geneva in 2012 turning in to the new Peugeot 2008 at the start of 2013 – before heading to Geneva 2013 for its public debut – and with that other French car maker, Renault, going a similar route with the Clio-based Captur, it’s clear the French see the future of compact cars moving away from hatchbacks to something more rugged. But unlike the Captur – which was a bit of a disappointing looking Clio on stilts – the Peugeot 2008 does look a more convincing offering, even if it’s a more generic-looking compact SUV than the Nissan Juke and would, for our money, be the pick over the Captur. Peugeot are targeting 8,000 sales a year in the UK for the 2008, and with prices starting at £12,995 and heading up to around £19,000 it seems, if anything, a quite modest target, especially as Peugeot reckons 65 per cent of 2008 customers will be new to the brand.