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Wednesday, April 11, 2012

Peugeot Airs First Commercial on its New 4008 Compact Crossover

With the market launch of the new Peugeot 4008 well underway, the French carmaker released the first international commercial for its Mitsubishi Outlander Sport / ASX / RVR based crossover.

The ad takes us for a quick ride in the 4008 through a scenic forest and on picturesque roads while at the same time showing chic clothing and accessories coming to life in the form of animals.

Ford and PSA Peugeot-Citroën End Cooperation on Larger Diesel Engines

Twelve years and more than 20 million engines after the Ford Group and PSA Peugeot Citroën began jointly developing and producing two displacement families of diesel engines (1.4-litre to 1.6-litre, and 2.0-litre and above), the two companies announced today that they would stop making the larger powerplants.

Even though most will find it hard to believe, both carmakers said that the decision had nothing to do with the recent tie up between PSA Peugeot Citroën and GM.

PSA Peugeot-Citroën Sells its Head Office in Paris to Raise Cash

With the economic recession deepening in Europe, things aren't getting better for PSA Peugeot Citroën, which decided to sell its Parisian headquarters to raise cash and lower its mounting debts.

The French group signed an agreement to sell the building that staffs some 2,000 people to Ivanhoe Cambridge, a subsidiary of the Caisse de dépôt et placement du Québec, for €245.5 million (US$325 million).

GM and PSA Peugeot Citroen Appoint Members to New Joint Panel

The fast moving alliance created last month by General Motors and PSA Peugeot Citroen is wasting no time getting things into order as the two companies today announced the creation of a joint panel with five senior executives from each side (see the list below for the names).

The so-called Alliance Steering Committee will oversee all activities that are currently part of the alliance and explore other potential areas of cooperation

Peugeot Confirms UK Pricing for 508 RXH Crossover and New 508 Hybrid4 Sedan

The Peugeot brand has announced pricing and specification details for two new additions to its 508 range in Britain, the 508 RXH crossover estate and the 508 Saloon HYbrid4, both of which make use of the company's diesel-electric hybrid powertrain.

The 508 RXH starts at £33,695 and the 508 Saloon HYbrid4 at £31,450. Both models are available to order now, with the 508 RXH to go on sale in May and the 508 Saloon HYbrid4 from July 2012.

The hybrid powertrain on both models consists of a 2.0-litre HDi 163 Diesel engine powering the front wheels and a 37bhp electric motor driving the rear wheels.