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Peugeot-Citroen signs £1.3bn rescue deal
Thu, 20 Feb 2014French 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.
Ian Cameron receives Welsh Motoring Writers' Automotive Achievement Award
Tue, 19 Nov 2013Former Rolls-Royce chief designer Ian Cameron is the latest recipient of the Welsh Motoring Writers (WMW) Automotive Achievement Award. The award was presented at the WMW annual dinner at HMS Nelson's Wardroom in Portsmouth, UK, by the group's patron and former winner, Land Rover director of design Richard Woolley. "As we celebrate a decade since the launch of Phantom and the establishment of the new home of Rolls-Royce in Goodwood, West Sussex, it is a most fitting time for Ian to be bestowed with this honor," said James Warren, Rolls-Royce product and corporate communications manager, UK.
Mercedes SLS AMG – production begins
Thu, 28 Jan 2010The Mercedes SLS AMG has gone in to production in Germany I don’t know why – as Mercedes hadn’t previously announced it – but we guessed that they’d already started to put the Mercedes SLS AMG in to production ready for the first customer cars to start hitting in the Spring. But apparently they’ve only just started. The SLS AMG is due to arrive in Germany at the end of March at a base price of €177,310 and is being produced at the Mercedes factory in Sindelfengen, Germany.
