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Chrysler to axe a quarter of its staff

Chrysler is to cut a quarter of its staff - up to 5000 jobs By Tim Pollard Motor Industry 24 October 2008 17:05 The credit crisis gripping the world's economy struck Chrysler again today – the car maker announced it would cut a quarter of its staff by the end of the year. Although exact figures haven't been issued yet, it looks like as many as 5000 jobs could be axed. Analysts in Detroit are seeing today's announcement as a sign that the possible GM-Chrysler merger being discussed could come to fruition.

Audi Q5, Skoda Yeti, & Abarth 500 are the UK’s lowest depreciating cars

Audi Q5 - the UK's least depreciating car The key to low-cost motoring has more to do with depreciation than running costs, so pick an Audi Q5, Skoda Yeti or Abarth 500. The difference in residual values of cars after three years can have a huge impact on motoring costs. A £15k car that has strong residual values – like the Audi Q5, Skoda Yeti and Abarth 500, identified as the UK’s lowest depreciating cars by CAP (and published by Auto express) – could be worth as much as £10k after 3 years and 30,000 miles.

Porsche Design marks 40th birthday with exhibition

40 years of Porsche Design is being celebrated in an exhibition at the Porsche Museum in Stuttgart, Germany. The Porsche Design Studio was founded in 1972 by automotive legend Ferdinand Alexander Porsche – better known for his design of the iconic Porsche 911 – and has since developed consumer products for the public. Porsche designed a number of classic men's accessories such as watches, sunglasses and pens as well as a number of industrial products and household appliances, collecting honors and awards along the way.