Sebastian Loeb Knighted In France

Sebastian Loeb Knighted In France

WHILE BECOMING a knight in ye olden days often required either slaying a dragon, rescuing a princess or fighting in a questionable holy war, these days the path to knighthood can be a little different.

For rally ace Sebastian Loeb, that path was the muddy and gravel-strewn stages of the World Rally Championship.

Loeb was knighted earlier [...]

PSA Ditches CEO Christian Streiff As Recession Bites

PSA Ditches CEO Christian Streiff As Recession Bites

After posting a loss of €343 million last year and issuing a similarly grim sales forecast for this year, PSA Peugeot Citroen has announced that it has fired chief executive Christian Streiff.

Streiff’s dismissal came as no surprise to many industry commentators, as the former CEO has been accused of being unnecessarily abrasive in his dealings [...]

France Considering More Financial Assistance For Auto Industry

France Considering More Financial Assistance For Auto Industry

After having already ponied up around 1.3 billion Euros, the French government is considering providing additional aid to its automotive industry to the tune of five or six billion Euros.

The government is keen to ensure that factories operating on French soil continue to do so despite these troubled economic times.

President Nicolas Sarkozy, who is said to [...]

New Car Registrations Hit 28-Year Low In UK

New Car Registrations Hit 28-Year Low In UK

It appears that Australian dealerships are not the only ones doing it tough. According to The Wall Street Journal, new-car registrations in the UK have dropped to their lowest point in 28 years, with 2008 November figures falling 37 percent compared to the same period in 2007.

The rest of Western Europe is also experiencing [...]

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