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UAW, Fiat likely to hold key stakes in new Chrysler

The UAW and Italy's Fiat S.p.A. could be Chrysler LLC's leading shareholders if the struggling U.S. automaker wins the concessions requested by President Barack Obama's automotive task force by April 30, a source close to negotiations told Automotive News today.

Opel / Vauxhall Astra revealed

New Vauxhall / Opel Astra revealed ahead of a launch at the Frankfurt Motor Show in September The Astra has been with us for 30 years, and this is the sixth generation to hit the showrooms. And it looks to be the best yet (as you would hope), with a cohesive style and loads of design cues taken from Vauxhall’s Insignia. This new Astra is built on the same platform as the much heralded Vauxhall Ampera (the Electric Car that will be the salvation of GM – once the technology is sorted) and as such offers a bigger wheelbase (up by 71mm) on a 4.4 meter (14′ 4″) body, with a wider track, which should make the Astra a better drive.

McLaren F1 sells for $8.47 million at Gooding & Co’s Pebble Beach Auction

McLaren F1 chassis #66 (pictured) has sold for $8.47 million There’s been an inexorable rise in the price of classic cars in recent years as rich men realise that certain classic cars not only have huge appeal, but appear to be going only one way in price. Add to that – certainly in the UK – that any profits made on the sale of a classic car you’ve bought for your own enjoyment are tax free, and it’s no shock that values keep rising, and the rarer the car the more they rise. So with only 64 road cars made, the McLaren F1 can be considered a sound investment, with values rising since it first sold in the 1990s for around £640,000 to a new world record auction price set last night of £8.47 million (around £5.42m).