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Ford to lower fuel economy rating on C-Max hybrid

Ford Motor Co. will reduce the stated fuel-economy rating of its C-Max Hybrid car -- a rare and potentially costly move that Ford spent months feverishly working to avoid. A Ford source with knowledge of the plan confirmed the company will announce the move on Friday.

GM opens on Ebay

GM launches on Ebay today But GM is back as ‘New GM’, thanks to the US taxpayer. With a clean sheet and a desire to prove it’s fit to be a 21st century car maker, and is looking for new ways to shift its metal. And it’s decided that the world’s biggest boot sale is the way to go.

Mandelson to announce help for car makers

Lord Mandelson is the man charged with finding ways to fund UK Car purchases (yes, he of the dodgy mortgage debacle – at least he should know a few tricks!) as the credit crunch has dried up funding, leading to an unprecedented drop in new car sales in the UK. Mandelson is due to make a statement in the Lords just after 3pm today, outlining the help the government is going to offer to ailing car makers. Central to this package is expected to be a funding channel directly from the Bank of England to inject liquidity in to the car financing sector.