1987 Jeep Grand Wagoneer J10/ J20/ Cherokee Steering Colume With Steering Wheel on 2040-parts.com

Fuel economy important to car buyers, survey finds

A survey by Consumer Reports magazine finds that fuel economy is most important to car buyers. Nearly 40 percent of those surveyed ranked gas mileage as the No. 1 buying factor.

Ecclestone in court over 'bribery'

THE TRIAL of Formula One boss Bernie Ecclestone on bribery charges has begun in a case that could threaten his grip on the sport. Ecclestone, 83, talked with his lawyers and smiled as he took his place at the Munich state court today. He is accused of bribery and incitement to breach of trust, and could face up to 10 years in prison if convicted.

News watch August 2010: today's industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourTuesday 31 August 2010• HSBC has sold its US car loan business to Spanish bank Santander, for an estimated £2.6bn in cash and assumed debt. The move sees the bank further distance itself from the collapsed US sub-prime market (Financial Times, subsription required) • Toll roads do not improve congestion, according to the Campaign For Better Transport. Its claims M6 toll road operator Midland Expressway Ltd is losing ‘tens of millions of pounds’ each year, while conditions on the original M6 have failed to improve (Campaign for Better Transport) Friday 27 August 2010• Spyker, which bought Saab earlier this year, has posted a €139m loss after tax in the first half of 2010 it announced today (Financial Times)• Fiat CEO Sergio Marchionne says the business is performing strongly in the third quarter – and has ruled out selling Alfa Romeo.