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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.

Caterham offers ’40 Years of Caterham’ pack to quickest Seven buyers

Caterham has come up with a novel way to flog its new limited edition accessory pack – the goodies are only being offered to the first 40 customers to buy a brand new Seven, starting from today (10 May 2013). What’s in the 40 Years of Caterham pack? You’ll get a grey-painted chassis and ruby bodywork with bespoke stripes, and unqiue 15in ‘Caterham’-embossed alloy wheels with new wheel centres.

Fiat 500 in New York

The Fiat 500 on Wall Street - Image by AP Fiat has obviously taken a good look at what BMW has managed with the MINI and thought ‘We can do that’. After all, the Fiat 500 is a car very similar in concept to the MINI. Designed to evoke a motoring icon, but made very much 21st century in its execution, both the MINI and the Fiat 500 have gone down a storm in Europe.