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Fiat and Chrysler to completely merge?

Chrysler Group and Fiat Group's auto division could become a single company based in the United States, Chrysler and Fiat CEO Sergio Marchionne told an industry conference here Friday. That won't happen until after Chrysler refinances the government loans that have kept if from being profitable and holds an initial public offering, both of which Marchionne hopes will happen this year. "From a corporate governance standpoint, there's a point where separate companies make no sense.

Volvo XC70 (2007): first official pictures

By Chris Chilton First Official Pictures 06 March 2007 05:48 I see Volvo hasn't given up on the halfway SUV idea Far from it. In fact Volvo UK watched sales of the old V70-based XC70 rise after the introduction of the full-blown XC90 off-roader. Apparently many buyers were lured into showrooms by the XC90 but found themselves signing on the dotted line for its smaller brother.

Call for reform over road repair funding

FUNDING patterns mean most road maintenance is being carried out in "less-efficient, cold and wet" times, a report from a Government spending watchdog has said. The current pattern of funding, combined with the need to spend money within the financial year, means that most maintenance work goes on between September and March, said the report from the National Audit Office (NAO). It went on: "Although this is less disruptive for road users, it is less efficient than carrying out the work at other times of year because materials can be more difficult to handle in cold and wet conditions, and daylight hours are shorter." The report went on: "As a result of the additional funding for emergency repairs, which is made available at the end of the financial year, almost all highways authorities need extra capacity from the market at the same time, which makes it less likely that they will get value for money." The NAO report said there was a "lack of predictability" over road spending adding that historically, local highway authorities spent more revenue on maintenance, but were now carrying out fewer routine activities such as clearing gullies which are essential to preventing water seeping into roads' sub-structure.