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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’.

Go-ahead for £1bn Wales motorway

A £1 BILLION new motorway in south Wales has been given the go-ahead by the Welsh Government. Ministers say a preferred "black route" between Junctions 23 and 29 of the M4, including a new crossing of the Usk south of Newport, will boost the economy as well as ease congestion. But opponents say improving existing roads around Newport would be cheaper as well as kinder to the environment.

Volvo tests flywheel technology to cut fuel use

Volvo is testing flywheel technology--being used in Formula One racing to give cars an extra boost--as a technology that could help cut fuel use in future cars by as much as 20 percent. Flywheels recapture energy normally lost as heat during braking. That energy can then be used to help propel the car.