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EU formally questions French government assistance of Peugeot's finance arm

Recently, the finance arm of PSA/Peugeot-Citroën was in such debt trouble that it was pricing itself out of the car loan market. The rates it was paying to service its debt, which was rated one step above junk, were so high that it was forced to charge car-buying customers higher rates than they could find elsewhere. This was adding to Peugeot's already impressive woes by sending revenue out the door to competitors.
Two months ago a deal was worked out with the French government whereby the state would provide 7 billion euro ($9 billion USD) in bonds to guarantee the finance arm's loans. The French government could nominate someone to join the Peugeot board, Peugeot would guarantee more French jobs, and on top of that deal, other banks would provide non-guaranteed loans. The government would take no equity stake in the car company.
Although not yet finalized, the arrangement is meant to create some breathing room for Peugeot Finance to lower its interest rates for customers, and a government-nominated board member, Louis Gallois, was recently named to Peugeot's supervisory board. The arrangement was also openly questioned by at least three competitors: Ford, Renault - which is 15-percent owned by the French government after it received state aid - and the German state of Lower Saxony, itself a 15-percent shareholder in Volkswagen.

Ford GT to be revived, Le Mans battle upcoming

Ford dominated the 24 Hours of Le Mans from 1966 to 1969, scoring four consecutive wins. Wouldn't it be great if the Blue Oval could go back to France for the 50th anniversary of that performance and show it can still compete in international endurance racing? Actually, the latest rumors indicate that could be exactly the case, and the car taking that checkered flag could be another revival of the Ford GT.
As the rumblings go, Ford wants to use a new supercar to take another crack at Le Mans, after considering some other possible alternatives. Substantiating these musings are reports that a Blue Oval rep was reportedly on hand for a recent meeting about 2016 GTE-Class rules, according to Road and Track. That would put the new GT in the same racing class as the Corvette, Ferrari 458 Italia, Porsche 911 and others.
It's not all about racing, though. If you win on Sunday, you want something to be able to sell on Monday. The revived GT is reportedly still a mid-engine supercar, but the exact engine is unclear. It's possible that it could even be shown or announced at the Detroit auto show in January, according to Motor Trend.

Ford's Troller introduces even more rugged T4 SUVs in Sao Paulo

The Bronco may be long gone from Ford dealerships back home, but down in Brazil its spirit lives on in the Troller brand. Founded independently in 1995, Ford do Brasil took over Troller in 2007 and has been teasing us with its rough-and-tumble SUVs ever since. So with the Sao Paulo Motor Show coming up, Troller has revealed this special version of the T4.
Looking even more rugged than the existing three-door sport-ute, this special T4 packs a snorkel, winch, upgraded bumpers and knobbier tires. We're not sure what to make of the "sophisticated" brown and tan paint job, but send it north and the Jeep Wrangler would have a new challenger on its hands... especially since the Toyota FJ Cruiser was discontinued.
Alongside the version seen here, Troller will also exhibit another T4 outfitted for rescue workers. Scope out initial details of both in the press release below, enclosed in both its original Portuguese and auto-translated into English.