PSA Peugeot Citroën to Cut 3,500 Jobs in Europe as it Tries to Slash Costs

French carmaker PSA Peugeot Citroën is feeling the burden of the economic crisis as the company said on Wednesday that despite group revenues being up 3.5% compared with third-quarter 2010, its core automotive division's revenues are down 1.6% year-on-year and as a result, it would barely break even this year.

The Paris-based automaker blamed the drop in revenues on the negative impact from the aftermath of Japan's tsunami (€250 million) and the higher prices of raw materials (€700 million).

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POLL: Mirror, Mirror on the Wall, Which is the Most Beautiful of All?

The results of a collaborative project between two or more automotive partners can vary deeply, depending on how far the participating companies are willing to take the rebadging process.

For example, the differences between the original Fiat Doblo and GM's Opel Combo spinoff (a RAM variant will also be introduced in early 2013) are more or less limited to the design of their front bumpers.

The French PSA Peugeot Citroën group on the other hand, gave its designers a little more breathing room when it came to the development of its new compact SUVs / crossovers, the Peugeot 4008 and the Citroën C4 AIRCROSS.

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Citroën Releases Teaser Photo of New C4 AIRCROSS

Citroën will soon add a new model to its range called the C4 AIRCROSS. For the time being, the French carmaker released a single teaser shot of the new car adding that the full reveal will follow next Friday.

Details remain slim, but there's a chance it could be a crossover-ish version of the C4 hatchback in the likes of the same named C3 AIRCROSSER that was unveiled last year for the South American market.

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Citroën DS3 Racing Special Receives the Superchip Treatment

These days, the easiest way to improve the performance of any modern car is through a software upgrade. British tuner Superchips, which specializes on ECU remaps, has launched a new program for the special edition Citroën DS3 Racing that has a limited production run of 1,000 units.

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