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Stop buying new cars says government adviser

People should stop buying new cars and drive their old ones until they’re beyond repair, says a top government adviser. This news, reported by the Daily Telegraph, comes a day after we reported that new cars sales figures have hit a six-year high. On Bing: see pictures of scrap cars Find out how much a car over 10-years-old costs on Auto Trader Chief scientific adviser to the government’s energy department, David MacKay, said “car manufacturers love us to buy a new car every few years” and that Britain needs to end its throw away culture.

Chrysler repays $7.6 billion in outstanding U.S., Canadian loans

Chrysler on Tuesday repaid $7.6 billion in loans to the U.S. and Canadian governments, nearly two years after the No. 3 automaker was rescued.

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.