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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.

Italdesign to unveil fast but frugal hybrid car at Geneva motor show

Italdesign Giugiaro will unveil a concept for a fast but fuel efficient hybrid coupe at the Geneva auto show. The Italian design and engineering company says the two-seater can reach a top speed of 186 mph (300 kph) and accelerate from 0 to 62 mph in less than 4 seconds. The still unnamed concept will travel 117 miles on a gallon of gasoline, Italdesign says.

BMW's new 5-series next for hybrid power

The new BMW 5-series being launched this winter is likely to be the next BMW to receive the ActiveHybrid system pioneered on the petrol-electric 7-series and X6 models. BMW engineers admit they can't rely on sales of the pricey hybrid 7-series and X6 to justify the development costs, even though these range-topping halo hybrids were jointly developed with Daimler and GM. Senior sources have indicated that the new 2010 5-series will be the next BMW to get an ActiveHybrid model.