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Peugeot-Citroen signs £1.3bn rescue deal

French car manufacturing giant PSA Peugeot-Citroen has signed a £1.32 billion deal with Chinese carmaker Dongfeng Motors and the French government to secure its future. The far-eastern firm and the French government will each invest €800 million (around £660 million). Both organisations will receive a 14% stake in the business.

Porsche 911 Turbo (2010) unveiled

By Ben Pulman First Official Pictures 07 August 2009 10:14 This is Porsche’s new 911 Turbo, with an enlarged and twin-turbocharged engine producing more power, plus the option of a twin-clutch gearbox that features proper gearshift paddles. Unbelievably, it’s the first entirely new engine in the 35-year history of the Turbo. Essentially it’s the same direct-injection 3.8-litre flat-six that you’ll find in regular 911s, but now fitted with variable geometry twin turbos to give a healthy 493bhp, a 20bhp increase over the current car.

New Kia Flagship Showroom in West London

With Kia sales growing strongly in the UK, Kia are building a new flagship showroom in West London next to the A4 and M4. Just like sister car maker Hyundai, Kia’s offerings are becoming more credible with every new model and in a clear sign of the ever-rising confidence from the Koreans, Kia is planning a big new flagship showroom in West London. The new Kia showroom – which will sit alongside the A4 and M4 in Brentford, key car showroom territory – will consist of four floors, a curved facade with a ‘floating’ upper showroom with multi-level parking for visitors, and extend to a rather large 41,237 sq ft.