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Cars recalled in fire risk alert

MORE THAN 400 recently-bought Peugeot and Citroen cars are being recalled in the UK due to a possible fuel leak and fire risk. Affecting models including the Peugeot 208 and 308 and the Citroen C4, the recall is necessary as during manufacture the high-pressure fuel rail pipes were not tightened correctly. This may have resulted in poor sealing of the rail and fuel leaking on to the engine, which could result in an engine bay fire.

Volvo C30 Electric: A severe cold-weather bashing

Voilvo has been cold weather testing the electric C30 at temperatures as low as -20C We do have more than a degree of scepticism when it comes to electric cars. Actually, it’s not the electric cars that cause us to be sceptical, more so the claims – or a lack of transparency - by car makers, which gets right up our nose. There’s an implication that the electric car is a replacement for the ICE car.

Some secured lenders object to quick sale of Chrysler

A minority group of Chrysler LLC secured lenders has objected in bankruptcy court to the quick sale of Chrysler to a new corporate entity led by Fiat S.p.A. The group of about 40 banks and hedge funds holds about $3 billion of the $6.9 billion in secured loans that Chrysler has with the banks. Four major New York banks holding $4 billion of that debt agreed last week to settle for $2 billion in payment for the $6.9 billion owed.