Bugatti Atalante sells for £3 Million

Back at the turn of the new year, we brought you news of a Bugatti Type 57S Atalante that had been found in a barn in the North East, after the death of its owner, a Dr Harold Carr. We speculated on its price, for which estimates varied hugely, with some reports suggesting that a price up near £7 million was likely. We plumped for £3,000,000 and, probably more by luck than judgement, we were bang on the nail!

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.

Volvo Aims High With Its Self-Driving Car Tech Project

SWEDISH car maker Volvo has announced it will embark on a large scale trial to refine the technology behind its self-driving cars. Volvo is no stranger to the technology having already conducted controlled experiments using ‘road trains’ – cars following each other closely at speed – but this exercise will involve 100 cars being deployed in the busy streets of Gothenburg, Sweden. The project ‘Drive Me – Self-driving cars for sustainable mobility’ is a joint initiative between Volvo Car Group, the Swedish Transport Administration, the Swedish Transport Agency, Lindholmen Science Park and the City of Gothenburg.