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Lifetime of commuting 'costs £50,000'

A CAREER-LONG commute is likely to set a worker back an average of £50,000, according to a survey. For a Londoner starting work at 18 and finishing at 65, the cost of commuting could reach as high as £66,000, the poll by investing service Nutmeg.com found. Overall, commuters will spend an average of 10,634 hours travelling to and from work in their lifetime - the equivalent of 443 days.

Chrysler offers up to $6,000 in incentives on some cars

If consumers can overcome the connotations that ride shotgun with buying a new car from an automaker in bankruptcy, there are some deals to be had on Chrysler vehicles. The company said Wednesday that it will offer up to $6,000 in incentives on some of its new cars in May in the wake of a 48 percent sales drop in April. The incentives run through June 1.

Daimler agrees to unload remaining Chrysler stake

Daimler AG announced today that it has reached an agreement to unload its remaining 19.9 percent stake in Chrysler LLC. "Daimler's remaining 19.9 percent shareholding in Chrysler will be redeemed, and Daimler will forgive repayment of the loans extended to Chrysler, which were already written off in the 2008 financial statement," Daimler said in a prepared statement. All told, Daimler will write off $700 million as a result of the deal, according to the statement.