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Chrysler, Hyundai set pace as auto sales rise 11 percent

Chrysler Group, Volkswagen Group, Hyundai and Kia set the pace as U.S. light vehicle sales rose 11 percent in January from a year ago, signaling the industry's recovery is gaining traction. Chrysler's sales advanced by 44 percent last month, and volume climbed 40 percent at the Volkswagen Group.

Retailers urged to cut fuel prices

FUEL RETAILERS have been urged to "immediately" ease pressure at the pumps by passing on a drop in wholesale prices to motorists. The RAC said a litre of unleaded petrol sold wholesale for 6p less since the end of August, while diesel was down by 2p a litre, giving petrol stations the power to lower prices on the forecourt. The car services company explained lower prices were due to a drop in oil prices since Syria agreed to sign an international treaty banning chemical weapons and the pound reaching a seven-month high against the dollar.

Honda's future plans cut Acura TSX platform

The future of Acura's TSX appears uncertain as Honda Motor prepares to abandon the platform used for the compact sedan. Acura boss Jeff Conrad says the TSX will remain in the lineup "for the foreseeable future." But when Acura moved into the entry-luxury segment with the ILX last year it jammed up its sedan lineup -- both in terms of vehicle sizes and pricing ladders. The ILX and aging TSX are positioned close to each other, as are the TSX and mid-sized TL.