Mercedes-benz Type 219 Catalog B 1958 on 2040-parts.com

Hot Wheels cars inventor Elliot Handler dies

Elliot Handler,the inventor of Hot Wheels die-cast toy cars, died July 21 at his home in Southern California. He was 95 years old. Handler and his wife, Ruth, and family friend Matt Matson founded the Mattel toy company in 1945.

Chrysler's main creditors reach deal with U.S.; others hold out

The U.S. Treasury Department has reached a tentative debt-reduction agreement with Chrysler's main creditors but still must get other lenders to sign on for the deal to take effect, three people with knowledge of the talks said today. The accord with JPMorgan Chase, Citigroup, Goldman Sachs and Morgan Stanley would reduce Chrysler's $6.9 billion debt to $2 billion, which would be repaid by Chrysler in cash, they said.

Lack of history loses 20% of a car’s value

A CAR being sold without a full service history is worth one-fifth less on average than a car with a fully stamped service book. This amounts to an average of £1464 for the typical used car sold in the UK with a price of £7706. A study by Kwik Fit found buyers expect a 19% discount for cars with incomplete or no service history, which is costing the used car industry £10 billion per year in lost revenue.