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Chrysler's survival boils down to a deal with Fiat

For Chrysler LLC, survival has come down to a single option: successfully working out an alliance with Fiat S.p.A. The Obama administration has given Chrysler 30 days to forge a broad product-sharing agreement with the Italian automaker. Should the two companies fail to prove their plan will work, the U.S.

LENNON'S FIRST CAR UNDER THE HAMMER

THE FIRST car bought by John Lennon after he passed his driving test is being offered for sale at auction next month. The Ferrari 330 GT 2+2 Coupe was bought by the Beatle in 1965 and is expected to sell for between 120,000 euros (£99,987) and 170,000 euros (£141,000). Lennon's biographer, Philip Norman, described how car dealers descended on the singer's home when the news emerged that he had passed his test and offered him a "gleaming smorgasbord" of luxury cars.

Toyota gunning for Honda Insight

We brought you news yesterday of the new Honda Insight, which Honda is launching in to the European market. Honda has made big noises about the Insight being significantly cheaper than the Prius, which seems to have got Toyota thinking. The next generation Toyota Prius (unveiled recently at Detroit) is due out before too long, and is a bigger, better equipped car than the outgoing version, and therefore more expensive.