Magnaflow 16960 Cat Back Performance Exhaust on 2040-parts.com

European Car of The Year 2012 to be announced at Geneva

The European Car of the Year 2012 will be revealed at next month's Geneva motor show, drawn from a shortlist of seven cars. In the first stage of voting judges selected their seven favorite cars from a list of 35 candidates that were put on sale in Europe in 2011, with January seeing the declaration of the seven finalists. The second stage of voting will find the European Car of the Year 2012, with the winning car announced on 5 March at the Geneva motor show.

IRANIAN PRESIDENT AUCTIONS PEUGEOT

IRANIAN President Mahmoud Ahmadinajad is auctioning his 1977 Peugeot 504 to raise money for charity. The often controversial leader is inviting bids through Iran’s Central Bank, with the money raised intended to be used to build homes for the poor and disabled of Iran. Interested parties can register through a website in order to place offers.

French government vows Renault reform after meeting with Ghosn

The French government will see to it that the individuals responsible for the now debunked Renault SA espionage affair are dealt with, the Finance and Industry ministers said in a statement. "The ministers underscored that they will pay close attention to organizational reform and individual responsibility (at Renault) based on the result of the audit," Finance minister Christine Lagarde and Industry Minister Eric Besson said in a joint statement after meeting with Renault CEO Carlos Ghosn on Thursday. The French state, which owns 15 percent of Renault, has called for a thorough investigation into discredited claims that three Renault executives were spying on the carmaker, possibly for a foreign government.