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Chrysler to axe a quarter of its staff

Chrysler is to cut a quarter of its staff - up to 5000 jobs By Tim Pollard Motor Industry 24 October 2008 17:05 The credit crisis gripping the world's economy struck Chrysler again today – the car maker announced it would cut a quarter of its staff by the end of the year. Although exact figures haven't been issued yet, it looks like as many as 5000 jobs could be axed. Analysts in Detroit are seeing today's announcement as a sign that the possible GM-Chrysler merger being discussed could come to fruition.

Ford Fiesta ST Concept arrives

Ford Fiesta ST Concept Just as we expected, Ford has revealed a properly hot Fiesta to take on the new wave of superminis – like the Polo GTI – and is offering up the Fiesta ST with a 1.6 litre EcoBoost lump which will deliver 178bhp. This is Ford cashing-in on its Fiesta WRC programme to price a proper little hot Fiesta, and in the process turning its back on the misjudged decision to play down performance Fords in our eco-obsessed world. Good.

Aston Martin Cygnet Launch Editions revealed

The Aston Martin Cygnet Launch Editions - in black or white with bespoke luggage We’ve know that Aston Martin were intent on transforming the Toyota iQ in to the Aston Martin City Car. Initially that meant a small Aston for existing Aston owners, but it soon became clear that Aston Martin intended the Aston Martin Cygnet to be an Aston for the People. Sort of.