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Renaultsport R.S 01 first pictures: Renault’s new 2014 racer revealed

By Tim Pollard First Official Pictures 27 August 2014 16:26 If you were worried that Renaultsport had lost its mojo after the lacklustre Clio RS, think again: it’s just unveiled the new Renaultsport R.S 01, a wild and focused track racer for the Trophy one-make series. Weighing less than 1100kg thanks to its Dallara-sourced carbonfibre chassis, the R.S 01 has a 3.8-litre V6 engine developing ‘more than 493bhp.’ The engine is borrowed from in-house alliance partner Nissan’s GT-R Nismo high-performance coupe, and is breathed on by two turbochargers. It’s mounted amidships and revs to an angry-sounding 6800rpm.

Fiat will buy the rest of Chrysler for $4.35 billion

Fiat has announced that it will purchase the rest of Chrysler in a deal totaling $4.35 billion. Currently, the outstanding 41.6 percent stake in the company is owned by the UAW's voluntary employee beneficiary association, or VEBA, trust. Under the terms of the deal, Fiat won't shell out all $4.35 billion.

Peugeot confirms BB1 for production

Peugeot has confirmed it will build a production version of the BB1, the concept car that's a cross between a car and a scooter. Coming less than a week after it unveiled the SR1 – a roadster concept car that’s supposed to be a line in the sand for Peugeot design – the announcement came as the 200-year old French car company launched its Marque plan that'a aimed at rejuvenating the brand. The five-year scheme has three goals: to move Peugeot up three places in the world car market; to establish the company as a benchmark for style; and to make it a leader in mobility services.