Mitsubishi Oem Mn176208 Engine Camshaft Seal/seal, Cam Shaft on 2040-parts.com

Missing oil changes is false economy

TRYING TO SAVE money on motoring costs by not changing a car’s oil is risking a false economy as it could lead to more wear and fuel consumption, according to Two-thirds (65%) of British drivers admitted they have not changed the oil in their car in the last 12 months, with the same number admitting they buy oil for their car based solely on price. The same study by Mobil 1 also showed only 45% of drivers knew when their car’s scheduled service intervals were, while 15% said they would cut back on servicing to save money. Dan McGoldrick, of Mobil 1, said: ‘Choosing the right oil for your car is vital as it means both the lubricant and the engine will last longer, so you’re saving in the long term.’ Tim Shallcross, Head of Technical Policy at the Institute of Advanced Motorists, added: ‘Apart from lubricating the engine, oil has the important job of absorbing harmful by-products given off by the burning fuel.

Chrysler Financial gets $1.5 billion federal loan

The U.S. Treasury Department said today it will lend $1.5 billion to a new arm of Chrysler Financial Services LLC so that it can increase lending to vehicle buyers. The five-year loan carries a flexible interest rate.

Ferrari 575GT Zagato

Zagato recently unveiled their bespoke Ferrari 575GTZ at Villa d'Este Concours d'Elegance in Italy. Zagato, based in nearby Milan, was commissioned by Japanese collector Yoshiyuki Hayashi to create a new body for his 575M in the style of the 250GTZ Berlinetta. Despite the same underpinnings as the 575M the whole car has been remodelled, striking a balance between its Fifties forebear and more contemporary Ferraris.