Vintage Pontiac Dealer Sign By Danasco on 2040-parts.com

News watch May 2011: today's auto industry news

Come to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourTuesday 31 May 2011 • Canada will look to sell their 1.7% share in Chrysler to Fiat, but will be biding their time to see what the US goervment obtain for their own share first.  (autonews.com)• Nissan's St Petersburg, Russia assembly plant will shut down for five days due to lack of engines. The plant, which builds the X-Trail, Murano and Teana midsize saloon models, receives its engines from Japan.

Lack of history loses 20% of a car’s value

A CAR being sold without a full service history is worth one-fifth less on average than a car with a fully stamped service book. This amounts to an average of £1464 for the typical used car sold in the UK with a price of £7706. A study by Kwik Fit found buyers expect a 19% discount for cars with incomplete or no service history, which is costing the used car industry £10 billion per year in lost revenue.

Video: Making of the BMW 328 Hommage concept photo shoot

Depending on your perspective, the BMW 328 Hommage concept unveiled at the Concorso d’Eleganza Villa d’Este in Italy is either a breathtaking tribute to an automotive styling icon or a caricature of a dead beaver. No matter which side of the aisle you find yourself on, this video offering a behind-the-scenes look at the photo shoot packs plenty of allure. At just a minute and a half, it’s a great example of all that goes into our favorite kind of photography.