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Viper sports car division no longer for sale

By Ben Whitworth Motor Industry 13 July 2009 14:08 Viper’s yo-yoing lifeline looks to be finally secured after ailing parent company Chrysler said the sports car maker was no longer for sale. Rather than killing off its muscle-bound brand, last summer Cerberus-run Chrysler considered selling off the rights to the Viper, hoping to achieve around $10m for the Detroit assembly plant and brand equity to bolster its dwindling cash reserves and stave off imminent bankruptcy. After an initial surge of interest from similar-minded companies like Roush and Saleen, curiosity nosedived along with the global economy.

Microsoft increases stake in auto industry

Having reshaped a big piece of the world's economy around its Windows software, Microsoft Corp. now wants to do the same thing in the car business. What the Seattle giant sees there says as much about the future of cars as it does about itself.

Volvo S60, V60, V70 & S80 DRIVe Diesels get Auto ‘box

Volvo DRIVe diesels get automatic gearbox Volvo has announced that they are offering their S60, V60, V70 & S80 DRIVe Diesels with an auto ‘box option, with the same emissions and economy as manual cars. There was a time, not very long ago, when seekers of economical cars had to wear a very hairy shirt to achieve silly mpg. That meant giving up any semblance of comfort, size or luxury in your transport, and an automatic gearbox was a definite no-no.