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Hyundai to guarantee trade-in values

Starting May 1, Hyundai Motor Co. will guarantee the future trade-in value of its new vehicles. When a consumer buys a new vehicle from a Hyundai dealership, the company will guarantee what the trade-in value of that vehicle will be after the second full year of ownership through the fourth year.

Is Ferrari for sale?

Reports out of Europe have Fiat considering selling a big chunk of Ferrari S.p.A. to raise cash so it can increase its stake in Chrysler Group to 51 percent. The Italian newspaper Il Corriere della Sera said it has gathered information at Fiat’s Turin headquarters and reported Fiat wants to raise cash to fund buying 51 percent of Chrysler, up from the 20 percent it owns now.

New Mercedes ML to be the Mercedes GLE

The Mercedes Concept Coupe (pictured) will arrive as the Mercedes GLE Coupe Car makers’ model ranges have grown massively in recent years and that, in a lot of cases, has left traditional model designations floundering to inform potential buyers. Mercedes has made some moves of late to address the lack of clarity in model designations (the Mercedes CL, for example, has become the new Mercedes S-Class Coupe), and new models have started to arrive with more descriptive names. Models like the CLA (a coupe from the A-Class range) and GLA (an SUV/Crossover from the A-Class range) and that looks set to be extended when the next Mercedes ML and ML Coupe arrive in 2015.