98 99 00 01 02 03 04 05 Park Avenue L. Chassis Ecm 308655 on 2040-parts.com

Some 2005 and 2006 Chevrolet Corvettes are set to be recalled

Add the mighty Chevrolet Corvette to the list of recalled cars. General Motors is recalling some 2005 and 2006 models for a steering-column problem. About 40,000 cars produced between March 2004 and January 2006 could be affected.

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.

Who's Where: Richard Ferlazzo appointed GM Australia design director

Richard Ferlazzo has been appointed General Motors Australia design director. Taking up the position from 1 September, he will report directly to executive director international operations design Michael Simcoe and also GM Holden chairman and managing director Mike Devereux. Ferlazzo will be responsible for Advanced, Production and Global Contract programs and replaces Andrew Smith who left Holden this month to take up the position of executive director of global Cadillac and Buick design at GM's technical center in Warren, Michigan.