A split in the Peugeot family over whether to invest more money in PSA/Peugeot-Citroen has led to fears that the French automaker could have a Chinese chairman, a scenario described by business daily La Tribune as “sacrilege.”
PSA is said to be discussing a capital increase of 3 billion euros. The automaker’s Chinese partner Dongfeng Motor and the French government would each pay 1.5 billion euros for stakes of between 20 percent and 30 percent.
The Central Park horse and buggy ride, for decades an iconic New York experience along with a Broadway show or a visit to the Empire State Building, is facing extinction.
General Motors is adding a twist to the fight for supremacy in the red-hot U.S. pickup truck market: It’s raising prices.
Hankook Tire announced plans for its 8th global manufacturing plant which will be located in Clarksville, Tennessee.
TRW Automotive Holdings Corp. announced that it is supplying electrically powered hydraulic steering (EPHS) technology to Ferrari’s latest vehicle launch “LaFerrari” – the first Ferrari to feature hybrid propulsion.
TRW’s EPHS system offers fuel savings of up to 0.3L/100km and a reduction of carbon dioxide emissions of approximately 7g/km when compared with traditional hydraulic power steering systems. The technology also delivers fuel economy and CO2 reduction benefits comparable to full electric steering solutions.
