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Chrysler to axe a quarter of its staff

Chrysler is to cut a quarter of its staff - up to 5000 jobs By Tim Pollard Motor Industry 24 October 2008 17:05 The credit crisis gripping the world's economy struck Chrysler again today – the car maker announced it would cut a quarter of its staff by the end of the year. Although exact figures haven't been issued yet, it looks like as many as 5000 jobs could be axed. Analysts in Detroit are seeing today's announcement as a sign that the possible GM-Chrysler merger being discussed could come to fruition.

Renault Pitches Affordable Self-Driving Technology

RENAULT is the latest company to dip its toe into the waters of self-driving car technology. Pitching its contribution as a way of combating tiredness and stress plus allowing drivers to multitask and let the car take the strain, the French firm is looking to 2020 as the year when its bold vision could become a reality. There is a catch though, as Renault’s vision of an autonomous driving future centres around the provision of ‘protected’ roads devoid of pedestrians or other hazards to make the reality of hands off driving possible.

Volvo 13-liter liquefied-natural-gas engine announced for North America

It comes as no surprise that, with rising fuel costs, companies are continuing their efforts to increase efficiency. Volvo Trucks, for its part, plans to launch a 13-liter liquefied-natural-gas engine for North America in 2014 and is set to develop a new form natural-gas fuel called DME, or dimethyl ether. Volvo looks to add the liquefied-natural-gas option to complement its compressed-natural-gas (CNG) offerings.