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Retailers urged to cut fuel prices

FUEL RETAILERS have been urged to "immediately" ease pressure at the pumps by passing on a drop in wholesale prices to motorists. The RAC said a litre of unleaded petrol sold wholesale for 6p less since the end of August, while diesel was down by 2p a litre, giving petrol stations the power to lower prices on the forecourt. The car services company explained lower prices were due to a drop in oil prices since Syria agreed to sign an international treaty banning chemical weapons and the pound reaching a seven-month high against the dollar.

Scottsdale auction results: Video wrap-ups recount total sales

Now that the 2012 Scottsdale collector-car auctions in Arizona have come to a close, our friends at Hagerty Insurance have wrapped up all the numbers from the auctions in their latest edition of “Hagerty Classic Car TV.” In this episode, host Rob Sass, author Colin Comer and publisher Dave Kinney explore the 2012 sales figures and take a closer look at some of the more memorable vehicles, including a 1948 Tucker Torpedo and a 1955 Mercedes-Benz 300SL alloy Gullwing. Check out the video for all the details.

GM looks for new product boss

General Motors is about to get another product boss. The question is, who? Vice chairman Tom Stephens will move to the freshly minted position of chief technology officer for GM on Feb.