PARIS (Bloomberg) — PSA/Peugeot-Citroen, the carmaker predicted by Fiat S.p.A. CEO Sergio Marchionne to be the next European candidate for an auto merger, has won more time to prove that it can go it alone.

Marchionne announced Wednesday plans to separate carmaking from its industrial units such as trucks and construction equipment to facilitate future alliances, saying he has a “long list” of further candidates for partnerships. PSA CEO Philippe Varin says he plans to build on its looser industrial cooperation with the Japanese carmaker Mitsubishi Motor Corp. and similar pacts with Fiat, BMW AG and Ford Motor Co. Continue reading PSA resists merger, answers Marchionne with sales growth

Fiat unveiled 500C the upcoming open-top retromobile before it attend the Geneva Motor Show. Just like the original 500 version, Fiat 500C comes with sliding canvas roof and arching C-pillar. It will run with optional 1.2-liter or 1.4-liter engines as well as 1.3-liter Multijet with Start-Stop technology. Its power-operated cloth-top will be appears in three choices color, ivory, red and black. For you who live in Europe you can expected Fiat 500C in the later of this year, while for American it will be arrive in 2010.