Production of Camaro convertible to start in 2011

Despite General Motors' current economic woes, production of a convertible version of the Chevrolet Camaro is on track to start in early 2011. That is later than the original plan of having the ragtop Camaro go into production early next year, a GM spokesman told Automotive News. But the program was not canceled, just delayed, the spokesman said.

Obama vows to help rebuild industry to compete, win

President Barack Obama on Tuesday vowed to hold U.S. automakers accountable for "bad practices" but promised to help create a "retooled, re-imagined auto industry." In remarks to a joint session of Congress, Obama gave a sobering assessment of the nation's ills--mainly economic--but said: "We will rebuild, we will recover, and the United States of America will emerge stronger than before." About midway through the speech, the president said: "As for our auto industry, everyone recognizes that years of bad decision-making and a global recession have pushed our automakers to the brink. We should not, and will not, protect them from their own bad practices.

Supermarkets cut fuel prices

LATE SUMMER driving will be less expensive following supermarket fuel price cuts. From tomorrow Asda, Sainsbury's and Tesco are all reducing the cost of their petrol and diesel by 2p a litre. In Asda's case, the reduction means its customers will pay no more than 126.7p a litre for petrol, with diesel being 129.7p a litre - its lowest price since January 2011.