Realizing that one of its keys to survival is retaining existing owners, General Motors is proactively enticing nearly one million customers – those loyal to now-closed dealerships – with significant financial incentives. According to Automotive News, GM started sending 950,000 letters out last week to customers of stores which have shut down or lost a brand franchise. Included in the ... more.

Tokyo, 20 May 2008: Japan's Mitsubishi Motors Corp and France's PSA Peugeot Citroen said on Monday that they will set up a joint venture in Russia to produce cars for the three brands starting in 2011.Click here to test drive the Cedia.The factory in Kaluga, 180 Km southwest of Moscow, will produce midrange SUVs for the Mitsubishi, Peugeot and Citroen brands, as well as midsize Peugeot and Citroen... more.