If Peugeot’s “Five by Peugeot” concept is Jaguar-inspired, this SR-1 concept clearly takes its cues from Old Blighty’s other famous sportscar builder, Aston Martin. Have the Anglophiles taken over at Peugeot, or is this just a jab at Renault, which is required by the terms of its state-ownership stake to not produce cars that are inspired by the designs of non-French marques? Though we’d like to think of this as proof of the superiority of private ownership, chances are Peugeot’s designers just like Aston’s styling. God knows it’s hard to blame them.
When Jaguar’s new XJ hit the car show circuit, many found themselves remarking that the latest big cat bears more than a striking resemblance to the Citroen design language. No surprise then, that Citroen’s sister brand has built a concept version of a forthcoming midsized sedan that bears a number of similar styling cues. Thanks to Ian Callum’s adventurous experiment, the Five by Peugeot Concept can almost be compared to an XJ, which is more than can be said for any American-market midsize sedan. Perhaps we could still learn a thing or two from the French.
Peugeot are going through a bit of a turbulent phase at the moment. They announced a loss of £1.02bn for 2009 (which was curbed by “Bangers for Cash”) and shareholders are pressuring management for more growth. So, Peugeot are revamping their line up, starting with the 407. The 407 was a bit bland and really only existed to sell to fleets, so PSA are going to give it a new lease of life…..by killing it. Car Magazine reports that the Peugeot 407 is going to be retired and replaced with the 508. The 508 will be showcased at the 2010 Geneva motor show. The car is still in concept phase, but is strongly suggesting that the design of the concept car will be spread across all ranges.
With BMW feeling very small in a big fish’s pond, you’d think that BMW would be scrambling to make friends with bigger fish in order to survive. Well you’d be right. Canadian Business report that BMW have reaffirmed their co-operation with Peugeot-Citroen in order to develop an engine which will help both parties meet Europe’s “EU 6” emission standards, whereby a car’s nitrogen oxide level cannot be more than 80mg/km. In a joint statement, BMW and Peugeot-Citroen said they want to build a four cylinder petrol engine to meet this standard, which is due in 2014. The current engine can be found in some MINI models, Peugeot’s 207 & 308 and Citroen’s C3 Picasso, while a new generation would likely help power BMW’s forthcoming sub-1-Series models.
The Scion xD is known in Europe as the “Urban Cruiser,” and with an AWD option it’s sold as a quasi-SUV. According to a Euro NCAP crash test of comact cars though, the Urban Cruiser offers a lot less safety than you might expect in an SUV. NCAP’s latest round of compact testing saw vehicles from the new Opel Astra and Chevy Cruze to the Peugeot 308 and Mazda3 recording perfect five-star scores, indicating just how safe compact cars have become. And even the video of the Urban Cruiser’s three-star performance lacks the drama of earlier compact crash tests: a failure of side airbags and a weak performance in the new side pole crash caused the poor score. Most embarrassing of all, the Chevrolet Spark (neé Daewoo Matiz Creative) came in second to last, scoring four stars to the Urban Cruiser’s three.
A few days ago, TTAC reported that PSA and Mitsubishi were looking to forge closer ties with either a cross holding format, like Renault-Nissan, or by PSA taking a 30-50 percent stake in Mitsubishi. According to Bloomberg, analysts like Oppenheim’s Jens Schattner are ruling out equity acquisitions, saying the two firms should concentrate more on co-operation. “Peugeot doesn’t have the liquidity to take a major Mitsubishi stake in cash” he says, and he’s not the only one splashing cold water on the hook-up. Eric-Alain Michelis, an analyst at Societe Generale adds that PSA may have to issue new shares to pay for that stake in Mitsubishi they want, which will not please the Peugeot family as it will dilute their holding. Otherwise, “raising the finance would not be a walk in the park,” he reminds. Were PSA to issue shares to cover €1 billion of the $3.7billion needed for a 50% stake in Mitsubishi Motors, it would reduce the Peugeot family’s investment to 25%. Quelle horror!
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