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Fiat's Montezemolo plans to quit as chairman, sources say

Fiat S.p.A. Chairman Luca Cordero di Montezemolo will quit as company chairman to go into politics, three sources close to the company said. Montezemolo is set to stay on Fiat group's board, as well as remain chairman of the company's Ferrari sports car subsidiary.

Honda recalls Accords, Pilots for suspension fix

Honda is recalling about 10,800 Accords and Pilots in the United States for a potential front-suspension failure. The recall covers the 2010 and 2011 model years. A problem with the machinery used to tighten the spindle nuts on the front axles of both vehicles, as well as the damper attachment bolts for the Pilot, could cause the suspension to fail.

Car Sales On The Rise But Buyers Seek To Pay Less

LATEST industry data has shown that car buying is on the increase, however budget-savvy prospective buyers want to pay less for their new wheels. Data from Sainsbury's Bank has revealed that as many as 18% of adults are looking to buy a new car in the months up to and including February 2014. And while this is a healthy 28% increase on those who planned purchases in the last six months, those now thinking about buying are likely to pay averages out at £9,934, which is 3.5% down on the figure for the last six months.