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Chrysler to axe a quarter of its staff

Chrysler is to cut a quarter of its staff - up to 5000 jobs By Tim Pollard Motor Industry 24 October 2008 17:05 The credit crisis gripping the world's economy struck Chrysler again today – the car maker announced it would cut a quarter of its staff by the end of the year. Although exact figures haven't been issued yet, it looks like as many as 5000 jobs could be axed. Analysts in Detroit are seeing today's announcement as a sign that the possible GM-Chrysler merger being discussed could come to fruition.

Ferrari exec to take over top post for Lotus

A top executive is trading in his Ferrari red for the green of Lotus. Dany Bahar will take over as the CEO of the British sports-car maker on Oct. 1.

Seat Ibiza (2008): first official pictures

By Tim Pollard First Official Pictures 02 April 2008 13:06 Seat's new Ibiza - unveiled today - spearheads a new model offensive from the Spanish company. The Barcelonan bosses hope that more and improved models will transform the brand from a bit-part player within the VW empire to a major manufacturer producing nearly a million cars a year.The new Ibiza certainly looks the part. These first pictures confirm that it will become one of the sleekest superminis around, as hinted at in the Bocanegra concept at last month's Geneva motor show.