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May sales slide 4 percent on rising fuel prices, tight vehicle supplies
Wed, 01 Jun 2011U.S. light vehicle sales dropped 4 percent in May--the first decline since August--as rising gas prices, inventory shortages, higher stickers and economic jitters curbed demand. The pace of sales last month--11.78 million units on an annualized basis--was the year's lowest and marked the first seasonally adjusted total below 12 million units in seven months.
Maserati, Alfa Romeo SUVs could use Jeep Grand Cherokee platform
Mon, 08 Nov 2010Chrysler and Fiat are exploring additional models, including Maserati and Alfa Romeo SUVs, derived from the new Jeep Grand Cherokee platform, Chrysler CEO Sergio Marchionne said Monday. The Grand Cherokee “architecture has legs. It's important for us to tap all of the hard work that has gone on inside Chrysler on the new Grand Cherokee,” Marchionne said during a conference call to discuss Chrysler's third-quarter earnings.
Business groups call for Severn tolls cut
Mon, 30 Dec 2013BUSINESS groups are calling for a reduction in the Severn Bridge tolls as soon as the famous structure comes into public ownership. Following the recent announcement that tolls will be set to increase, the Federation of Small Businesses in Wales and the Freight Transport Association (FTA) have called for the tolls to be reduced to a level that only covers maintenance. In a joint statement the groups expressed their concern for the negative impact the increased tolls could have on the southern Welsh economy.