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Chrysler, CAW reach tentative contract deal

The Canadian Auto Workers tentatively agreed tonight to new concessions that will save the struggling automaker $240 million annually and help the carmaker to try to avoid a bankruptcy filing, CAW President Ken Lewenza said at a news conference. In exchange, the CAW got Chrysler and potential partner Fiat SpA to agree to keep its two Chrysler assembly plants open even if bankruptcy is unavoidable, Lewenza said. General Motors and Ford Motor Co., which signed new CAW agreements earlier, have indicated their desire to get the same concessions as those negotiated with Chrysler, Lewenza said.

MINI Countryman JCW teased – heading for Geneva 2012

MINI Countryman JCW teased MINI has started the tease for the most powerful Countryman – the MINI Countryman JCW – which will debut at the 2012 Geneva Motor Show. It’s not exactly a surprise that the MINI Countryman JCW is on the way. After all, MINI will never knowingly miss a niche sale, so producing a John Cooper Works version of the MINI SUV was always going to be highly likely.

McLaren MP4-12C to cost £168,500

McLaren will charge £168,500 for the MP4-12C supercar in the UK. That's the new 2011 price, including the rise in VAT from 17.5% to 20% from 1 January. Today's news means that the MP4-12C will cost £1000 less than a Ferrari 458 Italia, its arch rival, at existing tax rates.