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Honda delays Civic redesign

Honda's redesigned Civic will not arrive until 2011, well past the typical five-year product cadence that would have landed the next-generation subcompact in dealer showrooms this fall. Changing market conditions and tougher fuel economy and emissions regulations affected the development of the upcoming Civic, John Mendel, American Honda Motor Co.'s executive vice president, said in an interview. Mendel said the next Civic would come next year, although he declined to give a specific month.

Petrol prices expected to plunge

PETROL PRICES at the pumps could plunge by almost 4p over the next two weeks, the RAC predicted today. But the reduction, and a forecast 2p dip in diesel, will only happen if other retailers follow the supermarkets' lead in dropping prices, the RAC added. It said that the wholesale price of petrol had now reached its lowest price since the beginning of December 2012.

Chrysler, VW lead February sales gains

U.S. auto sales led by Chrysler Group surged 16 percent in February, giving the industry its strongest showing in four years in a fresh sign that the recovery is gaining more traction. Total light vehicle sales rose to 1.15 million units as the seasonally adjusted sales annual rate hit 15.1 million.