03-04 Nissan Murano Infiniti Fx Information Display Screen Monitor 28090-ca111 on 2040-parts.com

Fiat and Chrysler get in to bed together

Before Christmas the CEO of Fiat was reported as saying that he believed that the current malaise in the car market (and any other market, for that matter) would result in the rationalisation of the industry, and see just a handful of big players come out the other side. His words now seem prescient, as it has been announced today that Fiat and Chrysler have effectively entered in to a partnership. Fiat takes a 35% stake in Chrysler The partnership, with Fiat taking 35% of Chrysler, means a number of benefits for both companies.

Moody's boosts Ford's credit rating

Moody's Investors Service upgraded Ford Motor Co.'s debt to investment grade, culminating the automaker's six-year struggle to win back the Blue Oval and other assets mortgaged in 2006. Moody's is the second agency to upgrade Ford's debt from junk status, paving the way for the company to recover assets it mortgaged in 2006 to stave off bankruptcy. The company raised $23.5 billion in a move that allowed it to avoid government bailouts or bankruptcy when the industry collapsed in 2008.

White Van Man 'worst for tailgating'

MOTORISTS should beware of White Van Man on their tail, according to a survey of thousands of accidents. Van drivers were 47% more likely to be involved in a crash when they were following other drivers too closely, the survey by AXA Business Insurance found. The survey also found van drivers were much more likely than other drivers to crash while reversing, doing a U-turn and changing lanes, while they were more liable than other road users to get tired or distracted.