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Peugeot-Citroen signs £1.3bn rescue deal

French car manufacturing giant PSA Peugeot-Citroen has signed a £1.32 billion deal with Chinese carmaker Dongfeng Motors and the French government to secure its future. The far-eastern firm and the French government will each invest €800 million (around £660 million). Both organisations will receive a 14% stake in the business.

Pioneer App Radio officially unveiled

Pioneer has officially unveiled the App Radio that AutoWeek told you about earlier this month. Now that it's willing to talk, Pioneer claims that the radio and audio system is "the first in-vehicle product designed to utilize the processing power, storage capacity, network connectivity and apps of the iPhone and iPod Touch as the primary source for its information and entertainment capabilities." That does sound a lot like what Mini Connected and, in a more platform-agnostic sense, Ford Sync are doing. Pioneer said it couldn't speak to the similarity of those systems, but Ted Cardenas, director of marketing for Pioneer's car-electronics division, briefed us on installation of the device and what Pioneer is doing to minimize driver distraction.

Roush unveils new versions of high-performance Mustangs

Roush is synonymous with go-fast Mustangs, and on Wednesday, the company unveiled its latest--and potentially greatest--steeds, based on the 2010 Ford Mustang. Roush will offer three versions at launch, topped by the 435-hp 427R Mustang. Prices will range from $34,847 for the Stage 1 model to a starting price of $43,051 for the 427R.