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Citro"en WTCC C-Elysee Racecar leaves the dirt behind

On top of the funktastic Cactus Concept, Citroën showed its new C-Elysée racecar, which will campaign the World Touring Car Championship with Sebastian Loeb and Yvan Muller at the helm. The C-Elysée racer debuted back in July packing a 1.6-liter, turbocharged four with 380 horsepower and 295 pound-feet of torque.
We stopped to take a few snaps of the new WTCC challenger while making our rounds on the Frankfurt show floor. Take a look up top for the live gallery, and then scroll down for the press release and stock imagery. You can also click over to our full coverage of the C-Elysée WTCC from July.

Peugeot maker PSA posts record profits ahead of FCA merger

PARIS — Peugeot maker PSA Group said its profitability reached a record high in 2019 but the French carmaker forecast falling industry sales in Europe this year as it pursues its merger with Fiat Chrysler, which is strong in North America. PSA has trimmed costs in areas such as the procurement of components as it has integrated its acquisition of Opel and Vauxhall, boosting operating margins to 8.5% last year. The group, which also produces cars under the Citroen and DS brands, offset a slump in vehicle sales by selling pricier SUV models, with launches including the Citroen C5 Aircross helping to lift revenues by a higher-than-expected 1% to $81.2 billion (74.7 billion euros). That helped it stand out in a car market where some rivals including France's Renault have struggled with sliding revenues and profits, amid a broader downturn in demand. PSA's group net profit increased 13.2% to a record 3.2 billion euros, and the company increased its dividend against 2019 results to 1.23 euros per share, up 58% from 2018 levels. The carmaker was "once again very solid", analysts at brokerage Oddo-BHF said in a note, adding the results confirmed the company's "best-in-class status." However PSA forecast a 3% contraction in Europe's car market this year, by far its biggest market. The tie-up with Fiat Chrysler will help it gain exposure to that group's strong presence in North America with brands like Jeep. The two companies struck a deal in December to create the world's No.4 carmaker, to better cope with market turmoil and the cost of making less-polluting vehicles. Fiat also posted more upbeat results than most rivals this year. CORONAVIRUS WEIGHS PSA boss Carlos Tavares told a news conference that the two groups were both in good shape and well placed to face market challenges together. He said he did not expect any major regulatory hurdles to the merger, adding it had so far submitted 14 approval requests to competition authorities out of the 24 it needs. There are no immediate plans to change anything in the large portfolio of brands within the combined group, he added. However the companies still face problems this year, including the coronavirus outbreak which has paralyzed production in China and hits carmakers' supply chain. PSA said the coronavirus impact was still difficult to assess. It factories in Wuhan, at the epicenter of the outbreak, are due to reopen in the second week of March.

Citro"en C3 is updated for hatchback battling in 2013 [w/video]

As promised, Citroën has brought along its new C3 to Geneva this year, with high hopes that the hatchback will be a strong competitor versus the hegemony of Golf in the European compact market. (And a worsening market, at that.)
The C3's gigantic windshield is still in place for the 2013 model year, though revisions to the grille, LED running lamps, taillights and front/rear fascias can be seen. Engine choices now include two three-cylinder gasoline engines, in 68- and 82-horsepower flavors, as well as a 120-hp, 1.6-liter four-cylinder. A very Gallic selection of four diesel motors is also on tap, with outputs ranging from 70 to 115 horsepower. UK buyers will see the new C3 in dealerships starting this summer.
Citroën's full press release for the updated C3 can be found below, and our live images from Geneva are in the attached gallery. You'll also find the official C3 debut video, just below.