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Chrysler says it needs another $2 billion in aid

In submitting its viability plan to the federal government on Tuesday, Chrysler asked for an additional $2 billion beyond the $7 billion in loans it sought late last year and outlined further steps to cut costs. Chrysler said it will reduce fixed costs by an additional $700 million, cut 100,000 more units of production capacity, discontinue three more model lines and sell $300 million more in assets.

'Ambulance chasers' face new controls

THE CULTURE of "ambulance-chasing" lawyers and bogus whiplash claims could come to an end following new measures set out by the Government to crack down on insurance fraud. Lawyers will be banned from offering accident victims incentives such as money or free iPad computers to encourage them to make a claim and courts will be given powers to throw out compensation actions where claimants have been dishonest. The reforms by the Ministry of Justice (MoJ) aim to tackle the rise of the compensation culture and reduce the amount being paid out unnecessarily by insurance companies - which can lead to higher premiums for honest customers.

Sprightly Centenarians, MG TA Midget Concours-Winner Go Under The Hammer

TWO De Dion Boutons with a combined age of 210 are the oldest entrants in the Barons’ sale at Sandown Park on June 24th. The first of the venerable veterans dates from 1906. It can comfortably accommodate four adults and, while just a year too young to take part in the London to Brighton run, it has taken part in many road runs.