1968 Citroen Ds20 on 2040-cars

Auto blog

PSA plans to cut 8,000 jobs

The French government has said that PSA/Peugeot-Citroën must make large job cuts in order to stay financially afloat. A large restructuring would also need to take place as the carmaker deals with the current European economic climate and a production capacity excess.
According to an Automotive News Europe report, the government of France launched an investigation into the "financial health" of PSA, and its results subsequently criticized several decisions the company made, including the shuttering of plants near Paris without leaving failsafe options for production like its Madrid factory.
The result of the study is that the French automaker plans on cutting 8,000 jobs - on top of the 3,500 axed last year. Also planned is the closing of its Aulnay plant near Paris, along with a significantly downsized workforce at its Rennes plant in western France. Last year, PSA's small car plants were running at only 61 percent of maximum capacity.

GM, PSA scrap large car program, move forward with small engine development

The partnership between General Motors and PSA Peugeot-Citroën isn't expected to produce any results until 2016, but it has created plenty of news (and speculation) since it was formed back in February. Now, GM is laying out some of the specifics of the deal while Automotive News Europe is reporting plans have been scrapped to produce a shared platform for a midsize sedan.
In "definitive agreements" between the two automakers, GM says that three new vehicle platforms are still on track; one of these will bring a new compact minivan to GM's Opel and Vauxhall brands and a compact crossover to Peugeot, and the other platform will be for B-segment minivans for both entities to share. ANE says that the proposed shared platform for the Opel Insignia and Citroën was canceled due to the lack of a sound business case.
In addition to cars, the joint venture will also be an opportunity for both automakers to develop "high-performance, efficient" gasoline engines and to create joint purchasing to allow both companies to potentially save money (this aspect of the agreement is still pending legal clearance from anti-trust approvals).

Sebastien Loeb crashes out of his final WRC event

Rally ace Sébastien Loeb had a rare off in the final World Rally Championship race of his career, as the wet tarmac at the Rally of France saw the French star deposit his Citroen DS3 WRC into the forest. Loeb, who won the WRC's Driver's Championship every year from 2004 to 2012, and co-driver Daniel Elena emerged from their car unscathed.
The wreck, according to AutoSport, happened yesterday on the first stage of the final day of competition in France. Loeb's been running a limited WRC schedule in 2013, and recently announced that he'd be campaigning Citroen's C-Elysee WTCC in the World Touring Car Championship next year.
There's on-board footage of the wreck in the video below, although exterior footage is limited to the very end of the crash. Scroll down for the full video.