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Mitsubishi revamps U.S. strategy

Mitsubishi plans a different U.S. model lineup and a new production strategy for its assembly plant in Normal, Ill., as it shifts emphasis away from regionally focused vehicles to global small cars, hybrids and electrics. Shinichi Kurihara, CEO of Mitsubishi Motors North America, says the company will launch four new models in the United States within three years, as four slow-selling U.S.-built vehicles are phased out of production by 2014.

Want a 28% return on investment? Buy a Classic Ferrari.

The Wall Street Journal declares a classic Ferrari as a sound investment with returns in the last year averaging 28% on important models. It seems, especially if you’re a petrolhead, you can have your cake and eat it by investing in classic cars, and particularly in classic Ferraris, and not just see your investment on a balance sheet but in your garage too. The Wall Street Journal has been looking at ‘Treasure ASsets’ like fine wines, works of art and classic cars.

45,000 complain about used car buys

USED CARS bought from independent dealers drew the highest number of complaints from disgruntled consumers in the last year, according to new figures. Citizens Advice has called on retailers to display consumer rights information at checkouts after more than half a million people complained about shoddy products worth £3.5 billion in the last year. Figures show 45,000 used car buyers lodged a complaint in the year to February, followed by 12,000 regarding mobile phone contracts and 11,500 about repairs by an independent garage.