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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.

Aston Martin AM310 makes a quiet debut at the Concorso d'Eleganza Villa d'Este

The Concorso d'Eleganza Villa d'Este is more than a celebration of classic automotive design. It's also a great opportunity to view cutting-edge concept vehicles. This year's event saw the debut of the BMW Zagato coupe concept, and the Alfa Romeo 4C concept took home the concours' coveted “Design Award for Concept Cars & Prototypes.” You'd never know it based on the official coverage (or lack thereof), but Aston Martin also unveiled a concept at the concours.

Only the top is soft in new Audi A5/S5 cabriolet

Audi is bucking the trend among luxury automakers who are churning out hardtop convertibles, as the new A5/S5 cabriolets that will reach these shores in October will be the old-fashioned, soft-top design. While other manufacturers such as BMW, Mercedes-Benz, Lexus and Volvo, among others, offer folding hard-tops, Audi says the compromise necessary to make room for the top and all its mechanical apparatus makes a soft-top the right choice for a small to mid-size convertible. The soft top is well insulated; even during a steady rain during our first drive of the car, the cabin was relatively quiet.