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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.

Family wins £10,000 Volkswagen from local garage

A HORSHAM family is gearing up for a memorable summer in the sunshine after beating thousands of motorists across the UK to win a Volkswagen car worth a cool £10,000. James Bancroft and his family won the Bridgestone-led competition after driving in to his local Elite Garage on Brighton Road in Horsham for a new set of tyres. Three weeks after James texted his details as part of the Bridgestone sales campaign, he was told that he’d beaten more than 2,000 fellow hopefuls across the UK to win a Volkswagen Up hatchback.

Volvo V60 Plug-in Hybrid: Production to double to cope with demand

It’s particularly appealing if you like a car with a decent turn of speed – the V60 will do 0-62mph in 6.1 seconds – like the reassurance and practicality of 4WD – the V60′s electric motor drives the back wheels – drive in to London on a regular basis – the 48g/km emissions are congestion charge free – and get taxed as BIK from your company. If all those apply – and you already appreciate the Volvo V60 is a very good car to start with – then the V60 plug-in hybrid is a bit of a no-brainer, even with a headline price of nearly £50k (which gets within £6k of an equivalent non plug-in after the taxpayer has chipped in). It seems that many buyers agree, and Volvo is being inundated with orders.