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Report Suggests Peugeot Family May Grant Complete Control Over to GM
PSA Peugeot Citroen is the modern development of the coffee mill company founded by the Peugeot family in 1810. In fact, the same family still holds a 24.4 percent stake in the company as well as 38.1 percent of the voting rights – they still kind of run the automaker.
However, that may soon change, as according to a Reuter's report, unnamed internal sources apparently suggested, “the Peugeot family has now accepted that they’ll lose control, so this is no longer an issue.”
Read more »Out of Control Russian Bus Smashes Into Four Vehicles
A number of road users, including several children, received an unwanted surprise today (Friday, June 28) in the Russian city of Irkutsk when an out of control bus slammed into three cars and a small truck.
As seen from the dash-cam of a car that was not involved, the bus veered onto the sidewalk and came crashing into the other vehicles at speed. According to a report from the local news station Irk, rather amazingly, everyone made it out alive and only a couple of motorists and passengers suffered some very minor injuries that were treated on the spot.
Read more »Gulf Oil-Livered 1967 Ford Fairlane 500 Prepared for SEMA
Just because we're a very long way (news-wise) from this November's 2013 edition of the SEMA aftermarket show in Las Vegas, doesn't mean that there aren't any related stories to report on.
Today, the folks from Morgan's & Phillip's Speed Apparel (M&P) sent us an email informing us about a project car they're working on for the upcoming SEMA event. Whereas last year, they went with a classic Mini Cooper, for the 2013 show, they've chose a 1967 Ford Fairlane 500 Coupe.
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