PSA/Peugeot-Citroen plans to build its next C3 subcompact in Slovakia instead of France, sources close to the French carmaker said today. The move is part of a strategy to shift production of low-margin small cars away from western Europe, where costs are considered too high.
PSA/Peugeot-Citroen has completed the sale of 289 million new shares as part of a €3 billion ($4.1 billion) capital increase to help the money-losing carmaker finance a turnaround under new CEO Carlos Tavares.
Ariel Atom is considered as one of the most extreme track oriented sports cars. It has no roof, no windshield or doors, and it is extremely fast. (Please watch in Full Screen mode)
Russia’s car market will shrink by as much as 20 percent this year as economic growth slows, AvtoVAZ CEO Bo Andersson said today.
Audi has unveiled the facelifted A7 Sportback and S7 Sportback. Both models get minor styling updates, revised engines and new powertrains.
