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Used cars 'getting cheaper'

CONSUMERS holding on to their motor for longer are driving down the cost of used cars, according to new research. The average price for a second-hand car in July-September 2011 was £8,870 - a 2.4% decline compared with the same period a year ago, according to the Auto Trader company. It is the first time the price has dipped below £9,000 since the company started tracking the market in January 2010.

Chrysler investigated after collapse of Getrag deal

The state of Indiana is investigating Chrysler LLC for securities fraud over the collapse of a joint venture with Getrag Transmission LLC. Jim Gavin, a spokesman for Secretary of State Todd Rokita, today confirmed a Kokomo Tribune report that said the investigation began two weeks ago. "There have been no complaints or allegations made," the paper quoted Rokita saying in a speech Tuesday.

Viva La Viva

VAUXHALL is to resurrect the Viva name as it plans to launch an entry-level car to sit alongside its Mini rival the Adam and soon to be launched new Corsa supermini. For now the car maker isn’t giving much away, although it has revealed that the new car will be a five-door model. And while the new Viva will be a significant step up in terms of refinement and sophistication over its 1963 namesake, it’s clear that Vauxhall is keen to tap into the current trend for producing low cost cars that’s proved so successful for the likes of Dacia.