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Italy auctions government cars

OFFERS started rolling in on unneeded government Alfa Romeo, Lancia and BMW cars, which prime minister Matteo Renzi is auctioning off on eBay as a sign of his seriousness in tackling government waste. Renzi has pledged to sell 151 vehicles by April 16, saying he was taking a cue from the former mayor of Florence - himself - who auctioned off four cars early in his term. Besides cashing in, the government will save on upkeep, maintenance and running costs.

Chrysler 300C – 2010 UK models

The Chrysler 300C - revised model linup for 2010 in the UK If things move on as we expect, we could see a new Chrysler 300C before long. But in the meantime Chrysler have had a fiddle with the 300C for the UK market in 2010. Choices from 1st January 2010 are a trio of diesel powered models – 300C SE, SR and SRT – and the slightly bonkers SRT-8.

Mandelson to announce help for car makers

Lord Mandelson is the man charged with finding ways to fund UK Car purchases (yes, he of the dodgy mortgage debacle – at least he should know a few tricks!) as the credit crunch has dried up funding, leading to an unprecedented drop in new car sales in the UK. Mandelson is due to make a statement in the Lords just after 3pm today, outlining the help the government is going to offer to ailing car makers. Central to this package is expected to be a funding channel directly from the Bank of England to inject liquidity in to the car financing sector.