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Chrysler to build ZF's eight-speed transmission in Indiana

The Chrysler Group plans to spend $300 million to build a new eight-speed automatic transmission licensed from ZF Group, a transmission maker headquartered in Friedrichshafen, Germany. The investment will pay for installation of special tooling and equipment at Chrysler's Transmission Plant 1 and Kokomo Casting Plant in Indiana and help retain 1,200 jobs there, Chrysler said Wednesday. Production will start in 2013.

Button issues Triathlon challenge

Formula 1 star Jenson Button is challenging his McLaren team-mates to down tools and race him - in the annual triathlon he organises. The 2009 world champion driver is signing up his mechanics to take part in the challenge being staged in July for the third year. Button is a keen athlete who has taken part in a number of triathlons over the years.

Long-lost Cunningham Corvette race car displayed

Chevrolet Corvette enthusiasts on Thursday got an up-close look at a car that raced in the 24 Hours of Le Mans 52 years ago but hasn't been seen for more than 20 years. On the eve of the Corvettes at Carlisle show in Carlisle, Pa., event promoter Lance Miller opened one of his climate-controlled garages to reveal the 1960 Corvette that many are certain is the car that wore No. 1 and ran in the 1960 race at Le Mans.