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Ford increases UK Car Prices

Ford is to increase UK Car prices by an average of 3.75% as a result of the weak pound You can’t blame Ford – it has to make a living, and things are tough enough for car makers at the moment without suffering at the hands of unstable currencies. Ford reckons that the movement in the Pound against the Euro in the last yaer or so has cost it nine figures on its UK income. Big money, no question.

Bluebird Electric aiming for UK Land Speed Record

Bluebird Electric You’d hope that anyone of any age would associate ‘Bluebird’ with ‘Campbell’, but as many of our schools don’t seem too keen on anything that may be even remotely considered part of Britain’s history, perhaps not. So we’ll just throw in that Sir Malcolm Campbell drove a variety of Bluebird (or Blue Bird) cars to new land speed records on Pendine Sands in the 1920s and his son, Donald Campbell, matched his father’s achievements with world speed records on both land and water – the only man to have held land and water speed records at the same time. And he too used the Bluebird moniker for his record-breaking transport of choice. Fast forward the best part of fifty years and it’s the grandson of Sir Malcolm – Don Wales – who’s plotting to take the Bluebird Electric to a new UK Land Speed Record, and planning to make a start on that quest at Pendine Sands (a location Top Gear fans will probably recognise – and was it Pendine Sands on the new Torchwood series last week?).

Daimler agrees to unload remaining Chrysler stake

Daimler AG announced today that it has reached an agreement to unload its remaining 19.9 percent stake in Chrysler LLC. "Daimler's remaining 19.9 percent shareholding in Chrysler will be redeemed, and Daimler will forgive repayment of the loans extended to Chrysler, which were already written off in the 2008 financial statement," Daimler said in a prepared statement. All told, Daimler will write off $700 million as a result of the deal, according to the statement.