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GM 'will lose money' on the new Chevrolet Volt

By Ben Whitworth Motor Industry 18 September 2008 14:39 Despite hanging its future on the make-or-break Chevrolet Volt plug-in hybrid car, GM has confirmed that it doesn’t expect to make a profit from it – at least not on the first-generation model. The Chevy Volt was unveiled this week amid much hoopla at GM's centenary. 'I don’t know that I’ve ever seen a situation where we make money, particularly when you load all the costs in,' Fritz Henderson, GM’s chief operating officer, told Automotive News Europe, referring to the company’s first-generation technologies.

Chrysler may use Fiat engine system in some U.S. models

The Chrysler Group may incorporate Fiat's new MultiAir fuel-saving technology in some gasoline engines, Fiat sources say. Fiat S.p.A. considers the variable valve timing system a breakthrough.

POTHOLES cause 'over £1 billion in damage every year'

POTHOLES are costing British drivers £1.2 billion every year due to damage to suspension, steering and wheels. This is a 16% rise in the cost of damage to cars on the UK’s roads and the weather has played a major part in the rise in the number of potholes. Councils say they don’t have the money to deal with the problem due to budget cuts and there has also been an 18% increase in the number of dangerous potholes reported during the past 12 months according to the Asphalt Industry Alliance (AIA).