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Viper sports car division no longer for sale

By Ben Whitworth Motor Industry 13 July 2009 14:08 Viper’s yo-yoing lifeline looks to be finally secured after ailing parent company Chrysler said the sports car maker was no longer for sale. Rather than killing off its muscle-bound brand, last summer Cerberus-run Chrysler considered selling off the rights to the Viper, hoping to achieve around $10m for the Detroit assembly plant and brand equity to bolster its dwindling cash reserves and stave off imminent bankruptcy. After an initial surge of interest from similar-minded companies like Roush and Saleen, curiosity nosedived along with the global economy.

Kia GT could spawn Coupe and Estate

Kia GT could spawn 2 door coupe and estate variants The Kia GT Concept from Frankfurt is heading for production in 2013, and it looks like it could be joined by a Coupe and Estate. It’s not just Hyundai who are starting to push in to the luxury and performance territory currently dominated by the Germans, sister company Kia is getting in on the act too, with cars like the very convincing Kia GT we saw at the Frankfurt Motor Show this year. The Kia GT is a four-door swoopy coupe with RWD and a 3.3 litre turbo V6 kicking out 390bhp, 394lb/ft of torque and looking every bit as convincing as anything that could be considered competition.

Used car sales hit record high

USED CAR SALES were at their highest in five years in 2013. There was a 0.9% increase in used car trades, with more than 6.8 million exchanges of ownership recorded, though this is still some way behind the previous record high of 7.8 million used car sales in 2008. Analysis from Experian shows cars aged nine years old or over were among the strongest performers in the used car market, with sales up 6% in 2013 compared to the previous year.