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Fisker Automotive begins hiring blitz

Fisker Automotive will hire 120 workers in the coming months to staff the former General Motors factory in Wilmington, Del., that will build Fisker's next plug-in hybrid sedan, due in 2013. Code-named Project Nina, the future car will join the plug-in Karma sedan in Fisker's lineup as the company expands its portfolio of premium hybrid cars. The Karma is launching this year, and production of the future sedan--expected to be priced at about $39,000 after government incentives--would begin late next year.

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.

Chrysler's new problem is a shortage of vehicles

A two-month factory shutdown and the cash-for-clunkers government rebates accomplished a feat that had eluded Chrysler Group: It turned several slow-selling vehicles into scarce commodities. At the end of July, Chrysler had only a seven days' supply of Jeep Patriots, or 2,200 units, in dealer stocks. Sixty days is considered normal.