Citroen DS3 Special Edition by Orla Kiely
Citroen and globally recognized designer, Orla Kiely, have exposed details of an exciting collaboration for an exclusive line of DS3 models – the DS3 by Orla Kiely Collection. Limited to just 500 cars, the Citroen DS3 by Orla Kiely Collection integrates the designer’s iconic style into the astonishing and prized features of Citroen’s distinctive DS3. Externally, the collection showcases 4 body colours, four different roof designs - featuring Orla’s signature stem or acorn patterns, coloured door mirrors, stem print rear window graphics; and black or white 17 inch alloy wheels. An Orla Kiely stem graphic also features on the rear tailgate, with a further signature positioned in the center of the rear spoiler. Inside, owners will joy in the fashionable leather seats with their Orla Kiely embossed multi-coloured headrests, stem or acorn print carpet mats and colour contrasting dashboard and door handle inserts in cream or brown colour. The DS3 by Orla Kiely Collection is based on the DStyle HDi 90 manual, a generously specific model including Bluetooth and USB connectivity, which is motorized by a fuel and CO2 efficient powerplant.
GM to File for Bankruptcy
It is only a matter of time until General Motors officially confirms it will file for bankruptcy but sources are claiming the General's future has already been decided. According to a report by Reuters, US officials evealed that the American automaker will file for Chapter 11 protection in what is the third largest bankruptcy filing in US history and the largest in the auto sector.
The government will provide an additional $30 billion loan to help restructure General Motors which will transfer some its assets to a new and smaller entity that could step outside bankruptcy in 60 to 90 days.
"Now the hard part begins, which is making GM and Chrysler competitive. If they don't do that, then we'll be doing this all over again in a few years," Christopher Richter, auto analyst at CLSA Asia-Pacific Markets, was quoted as saying by Reuters.
"The immediate implication is that the companies are going to get smaller and so market share is up for grabs, which means that rivals like Toyota, Honda, Nissan and Hyundai are going to gain share."
General Motors has already announced that it plans to close the doors of no less than 11 production facilities in the United States, with three more factories to be idled. According to a survival plan the company has sent to the government, the new General Motors will be partially owned by the UAW (17.5 percent) and the company's bondholders (10 percent).
"We do believe, and completely endemic in the president's decision, was a belief that this country can support three domestic successful viable auto companies," a senior Obama administration official close the to President's Task Force concluded.
PSA Peugeot Citroen sets up shop in India
After testing the market for the last few months, PSA Peugeot Citroen is now ready to start working towards establishing a component sourcing base in India, for its global operations. The French company has set up a dedicated office in India, through which it aims to conduct all its sourcing activity in the country. More details are expected to emerge over the next few weeks.
[Via: Indiaautomotive]
Citroen C3 Picasso to be unveiled at Paris 2008
Citroen has added a new MPV to its Picasso range - the Citroen C3 Picasso. Two petrol and two diesel variants will be offered initially - 95hp and 120hp VTi engines for petrol variants and two turbodiesels putting out 90hp and 110hp each. It will be unveiled to the public at the 2008 Paris Motor Show in October. The compact MPV measures 4080mm long, 1730mm wide and 1620mm tall. The rear seats are not just split-foldable but can slide individually fore and aft to offer more flexibility in varying second row legroom and luggage space.