An industry analyst has written an open letter to PSA/Peugeot-Citroen Chairman Thierry Peugeot urging him to scrap a planned capital tie-up with China’s Dongfeng Motor and raise capital in other ways.”We see a risk of a Pyrrhic victory,” Max Warburton, an analyst with Bernstein Research, writes. “The Dongfeng deal will close out strategic options,” and the involvement of the French government and the state-backed Chinese automaker “is hardly likely to lead to improved efficiency, competitiveness and growth,” the letter says.
Category Archives: General Talk
Mazda plans small SUV, report says
Mazda Motor Corp. may be the next entrant into the small SUV segment. A Mazda2-based crossover is due later this year, a Japanese report said.The vehicle would be timed for this summer’s expected redesign of the Mazda2, Japan’s Nikkei business daily reported Feb. 16, without saying where it got the information.
Fiat Chrysler Automobiles reveals new name, logo
Earlier this month, Fiat purchased the remaining 41% of Chrysler, the American car company it has held a majority stake in since 2009. During this time, the two logos have appeared side-by-side on relevant forms of communication.
Police warn of flood conmen preying on stricken vehicles
Police in Hampshire have warned motorists about fraudsters who have been preying on the innocent victims of the recent flooding.
McLaren P1 lapping the Yas Marina circuit in Abu Dhabi
McLaren P1 is to our understanding the best supercar currently in production. All 375 cars are already sold with first customers already driving their vehicles.
