LUXURIOUS SEAT ALHAMBRA

Chinese carmaker Dongfeng said today it will invest €800m in France’s Peugeot and expand cooperation in China’s fast-growing market.

PSA Peugeot Citroen said crumbling vehicle markets across Europe are behind a steep drop in its first quarter sales.

French car maker PSA Peugeot Citroen says the government is offering it up to €7bn in financial guarantees, as the ailing car maker announced a new slump in sales.

Renault’s chief executive has warned that the French carmaker could disappear “in its current form” if it is unable to be competitive at home as European car markets face a lasting slump.

French carmaker PSA Peugeot Citroen says it’s in exclusive talks to sell a controlling stake in its logistics business to Russia’s national railway for €695m.

Car maker PSA Peugeot Citroen says it lost €819m in the first half of the year, underscoring the difficulties the company faces amid a looming battle with the French government over its restructuring plan.

JUST when car-makers thought it safe to roll out new models in the wake of the economic crisis — 170 premiers are advertised for the Geneva Auto Show opening this week — a spike in fuel prices has cast a new shadow over the industry and redoubled attention on green technologies.

Carmaker PSA Peugeot Citroen has today signed a deal with the Government and the ESB to introduce two new electric car models to Ireland.

Shares in Mitsubishi Motors Corp jumped 18% today following a report that French carmaker PSA Peugeot Citroen will buy a 30 to 50% stake in Japan's fourth largest manufacturer.

French stocks fell yesterday paced by European Aeronautic Defence and Space after Deutsche Bank recommended investors sell the stock.

The World Rally Championship has been dealt a blow with news of plans for Citroen and Peugeot - the team of Marcus Gronholm - to withdraw after next season.

French President Jacques Chirac will today launch an intensive week of meetings with Asian leaders aimed at promoting French companies and cementing Europe-Asia ties.

PSA Peugeot Citroen, Europe’s second- largest carmaker, was charged by European Union regulators for breaking EU anti-trust law by denying rebates to German and Dutch dealers selling cars to foreigners.

INFLATION in the euro region slowed in December as its appreciation reduced the cost of imports and stagnant consumer spending deterred shops from raising prices.

Car manufacturer MG Rover is considering Slovakia as a possible location to build its new £280m (€398m) production plant, official Slovak news agency TASR has reported.

French car maker Renault say sales of new cars and light trucks fell 4.5% in the first half as demand decreased in a sliding European market.

Car manufacturer PSA Peugeot Citroen said sales grew by 4.3% in 2002, beating its target of 3,250,000 unit sales, and against a backdrop of a 0.6% decline in the global market.