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FTThe Times – Peugeot seals deal – The board of the carmaker has agreed to cede control of the group, giving Chinese rival Dongfeng and the French state 14 per cent stakes in return for €800m each.

The Daily Mail – Apple revs up for the iCar– After the iPhone and the iPad, Apple may be looking to launch a range of electric cars. The US computer firm is said to have held talks with vehicle manufacturer Telsa (which makes the model S electric car) as it seeks to diversify, with the growths in sales over its other products slowing.

The Metro – Inflation finally falls below the 2% mark – Inflation yesterday dropped below the Bank of England’s two per cent target to give households some welcome respite for the first time in four years.

The Metro – Businessmen make Britain the home of the Ferrari – Big spending entrepreneurs have made Britain’s Europe’s largest market for Ferraris – overtaking sales in Germany into the bargain. One in every ten of its sports cars is now bought in Britain, the Italian manufacturer revealed yesterday.

The Financial Times – Peugeot needs drive after capital injection – After more than a hundred years in control of one of Europe’s great industrial groups, it was no wonder that the Peugeot family became divided over the deal that would take their business out of their hands. Robert Peugeot, who runs the family holding company, and Philippe Varin, the carmakers chief executive had agreed that a deal with Chinese carmaker Dongfeng Motor and the French government announced yesterday was essential.

The Financial Times – Telsa to launch cash drive for cell factory – Elon Musk, the chief executive of Telsa Motors, indicated that he is planning to use the electric car company’s soaring share price to raise cash for a giant battery cell factory.

The Times – Carmakers ready to get on the gas – Car manufacturing has made a sluggish start to the year, with the number of vehicles rolling off British assembly lines falling by 0.3 per cent. Industry figures show that 128,620 cars were built last month.

Posted by Sue Robinson on 21/02/2014