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Chrysler to build ZF's eight-speed transmission in Indiana

The Chrysler Group plans to spend $300 million to build a new eight-speed automatic transmission licensed from ZF Group, a transmission maker headquartered in Friedrichshafen, Germany. The investment will pay for installation of special tooling and equipment at Chrysler's Transmission Plant 1 and Kokomo Casting Plant in Indiana and help retain 1,200 jobs there, Chrysler said Wednesday. Production will start in 2013.

Indiana yanks Kruse auction licenses

Kruse Inc., the auction company that sold the famous William Harrah car collection and has been synonymous with auctioning enthusiast automobiles since the 1970s, has lost its licenses in its home state. The Indiana Auctioneer Commission ruled on Tuesday to revoke both of Kruse Inc.'s licenses, and the company has to wait seven years to apply for new ones, said Kelly Butters, a spokeswoman for the Indiana Attorney General's Office. Dean Kruse, president of the auction house, has had his personal license suspended indefinitely.

Rural motorists pay price at pumps

RURAL MOTORISTS are beginning to feel petrol price pressure at the pumps again, according to the AA. Average UK petrol prices went back above 130p a litre at the end of April and continue to hover around that level. But the AA said that a war in which supermarkets have pitted vouchers against rock-bottom pump prices means the cheapest petrol in many big towns and cities is at year-lows of just under 126p.