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IFR Aspid strikes Spanish gold

By Tom Richards Motor Industry 08 August 2008 13:32 More than 100 potential IFR Aspid customers have signed up for a two-day test drive following the new two-seater sports car's unveiling at the London motor show last month. Now the Spanish manufacturer is seeking to create an international dealer network.The Aspid has been in secret development for five years, with IFR working hard on making it relevant to the needs to the 21st century. Although there are no definite CO2 figures, a kerbweight of 700kg means the Aspid should be capable 56.4mpg, they say. The chassis and suspension are aluminium, while the bodywork is carbonfibre and the brakes are made from stainless steel. Definitely.

Crash driver ran up £95k hire bill

A TRAIN GUARD ran up car hire bills of more than £95,000 after his £8,000 Mercedes was written off in an accident, a court has heard Sameer Umerji, from Bolton, Greater Manchester, entered into a credit hire agreement with a car rental firm which ran for around 18 months, judges were told. Detail has emerged in a written ruling by the Court of Appeal - after Mr Umerji and insurers became embroiled in litigation. One appeal judge, Lord Justice Underhill, said the car hire sum was "remarkable" given the value of the Mercedes.

Chrysler Financial gets $1.5 billion federal loan

The U.S. Treasury Department said today it will lend $1.5 billion to a new arm of Chrysler Financial Services LLC so that it can increase lending to vehicle buyers. The five-year loan carries a flexible interest rate.