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Chrysler in crisis

By Liz Turner, in the US Motor Industry 02 March 2007 04:28 The trouble with Chrysler: the background In 1996 when Chrysler opened its $1.1bn headquarters in Auburn Hills, 30 miles north of Detroit, executives joked that if things didn’t work out, they could always sell it as a shopping mall. Following DaimlerChrysler’s annual press conference on 14 February, local realtors are, no doubt, sneaking in to take measurements. Chrysler Group announced a staggering operating loss of $1.5 billion for 2006, and in the subsequent question time, DaimlerChrysler’s CEO Dieter Zetsche said the company ‘will examine far-reaching strategic options with partners’.

918 a match for Ferrari and McLaren in corners, says Porsche

Had you forgotten about the third contender in the hybrid supercar wars, given the furious competition betwen Ferrari and McLaren? Porsche’s hybrid 918 Spyder is that third competitor, which mates a 4.6-litre normally aspirated V8 to an 84bhp front-drive electric motor and a 127bhp EV motor helping drive the rear tyres. It costs £768,026, and though Porsche won’t quite admit as much, you can still buy one of the 918 being produced - unlike the sold-out LaFerrari.

Worrying insurance fraud trends revealed

AS MANY as two million motorists could be jeopardising their insurance by listing themselves as the main driver on a car that someone else covers more mileage in. The process, known as ‘fronting’, secures a cheaper insurance quote for the real main driver, who in many cases is young or has less no-claims discount, but it is illegal and could completely invalidate the policy and leave the drivers vulnerable to prosecution. Research from Privilege car insurance has revealed not only that the two million drivers could be risking more than they imagine, but also that around one million motorists are named as the main driver on insurance policies for cars they have never even driven at all.