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Report: New-vehicle purchase price on the rise

The average purchase price of a new car is on the rise, according to a recent report from automotive analysts at truecar.com. The average transaction price for passenger cars and trucks in the United States was $31,087 last month, up $339 from March 2012. Transaction price, or the out-the-door price, includes taxes, titles and fees.

Chrysler's main creditors reach deal with U.S.; others hold out

The U.S. Treasury Department has reached a tentative debt-reduction agreement with Chrysler's main creditors but still must get other lenders to sign on for the deal to take effect, three people with knowledge of the talks said today. The accord with JPMorgan Chase, Citigroup, Goldman Sachs and Morgan Stanley would reduce Chrysler's $6.9 billion debt to $2 billion, which would be repaid by Chrysler in cash, they said.

New Audi A2 EV Concept – first photos arrive

New Audi A2 EV Concept - first photos It wouldn’t be a car show without yet another electric car concept from Audi. The difference at Frankfurt is that the already teased EV from Audi isn’t another in the seemingly endless iteration of e-Tron, instead we’re to get an electric car with a proper Audi tag – the Audi A2 Concept EV. The shame is that Audi seem to have abandoned the range extender route they displayed with the Audi A1 e-Tron – a small Wankel engine in the boot to charge the batteries – and have instead gone down the costly cul-de-sac of a pure EV in the A2.