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Chrysler, CAW reach tentative contract deal

The Canadian Auto Workers tentatively agreed tonight to new concessions that will save the struggling automaker $240 million annually and help the carmaker to try to avoid a bankruptcy filing, CAW President Ken Lewenza said at a news conference. In exchange, the CAW got Chrysler and potential partner Fiat SpA to agree to keep its two Chrysler assembly plants open even if bankruptcy is unavoidable, Lewenza said. General Motors and Ford Motor Co., which signed new CAW agreements earlier, have indicated their desire to get the same concessions as those negotiated with Chrysler, Lewenza said.

Audi S3 Sportback (2013) prices revealed

Audi has revealed prices for the new S3 Sportback ahead of its arrival in September. The BMW M135i and Mercedes A45 AMG rival starts at £31,260 for the six-speed manual, but you’ll want to pay an extra £1480 and get the six-speed twin-clutch S-tronic 'box that helps the five-door version of Audi’s 296bhp Quattro hot hatch see off 0 to 62mph in 4.9sec. How does it compare to its closest rivals?

Call to pass on petrol price cuts

THE AA has joined calls for retailers to pass on a fall in the wholesale price of petrol to motorists. Pump prices have "barely budged" from the late summer high of just over 138p a litre despite a 2p-a-litre fall in the wholesale price of petrol a fortnight ago and a further 3p drop last week, according to the latest AA Fuel Price Report. Petrol averaged 132p at the start of the year, "and this is where it should be heading if the wholesale price collapse persists", the report said.