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All used up: Pre-owned sales rise as consumers seek new-car alternatives

Used-car sales took a leap upward in April, and the trend is expected to continue at least until midyear as pent-up demand for affordable pre-owned vehicles jacks up at least one segment of the car marketplace. Sales of new cars continued an unabated slide toward what analysts say is a 30-year low in the United States, but used-car sales showed strength as buyers unable to finance new cars shifted their sights to less expensive used models. As a result, retailers such as the large Penske Automotive Group reported that despite an overall decline in sales in the first three months of 2009, improving used-car sales kept them in the black.

Aston Martin to shift Rapide production to U.K.

Aston Martin said it will transfer production of the Rapide sedan to the U.K. from Magna Steyr in Austria. Rapide production will move to the company's headquarters in Gaydon, central England, in the second half of 2012, the company said Tuesday.

Fiat takes majority control of Chrysler

Fiat S.p.A. will pay $500 million for the U.S. government's 6 percent stake in Chrysler Group.