n a major step as they move towards the completion of their 50:50 merger as defined in the Combination Agreement announced on 18 December 2019, Peugeot S.A. (“Groupe PSA”) and Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU / MTA: FCA) today announce that the corporate name of the new group will be STELLANTIS. […]
The Zhejiang Geely Holding Group is reportedly bidding for a 51% stake in Malaysia’s Proton Holdings, the owner of the Proton and Lotus brands. The current owner is DRB-Hicom, one of the country’s largest automotive conglomerates, which has long been looking for a “strategic partner” for Proton Holdings. Zhejiang Geely currently owns the Geely Auto, Volvo, and the Lynk & Co. brands.
Video of the Week is for fans of old school seat-of-the-pants sports cars in the form of a TopGear challenge between an Austin Healey Sprite and Peugeot 306. At this time – We can call this challenge – Old School vs. New Generation car culture. Richard Hammond and James May argue about the state of modern-day driving, which sparked a time trial showdown at Prescott Hill Climb Course, pitting a Austin-Healey Sprite representing a mostly middle-aged classic car owners club, versus a modified Peugeot 306 backed by a more youthful group. The Stig takes the two around, with the Sprite, on a serious race-focussed diet, defeating the showy and stereo-laden 306 by one second.