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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.

Fire risk Porsche in global recall

SPORTS car maker Porsche is asking more than 100 UK owners of the latest 911 GT3 models to stop driving them while tests go on following cases of vehicles catching fire. The advice, to 101 UK owners who have paid around £100,000 for their vehicles, has gone out to a total of 785 owners worldwide of the GT3s from the 2014 model year. Porsche said there had been two cases in Europe of cars catching fire.

Jaguar slashes prices – in Australia

Jaguar has slashed prices across its range in Australia – by as much as £40,000 – as it fights for a bigger market share. But there’s also a feeling that all those years of protectionist import tariffs have inured Australians to the high price of luxury cars, and that car makers take advantage of that by keeping prices high, regardless of the level of taxes imposed on their products. That means something like a Rolls Royce Phantom costs £650k and a Porsche 911 starts at £150k.