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Report Claims Pothole Repair Blackhole Is £12bn

FIGURES from the Asphalt Industry Alliance (AIA) have revealed the extent of the nation’s pothole crisis, with a report claiming the "catch-up" cost of getting roads back into reasonable a condition has soared to £12 billion. The total is an increase on the £10.5 billion figure reported last year, and remains high despite more than two million potholes being filled in England and Wales over the last 12 months. This was despite a 20% decrease in the shortfall in annual road maintenance budgets reported by local authorities, with the shortfall reducing from an average of £6.2 million to £5.1 million per authority in England.

BMW displays Calder art car, racers and classics at Amelia Island

The first BMW art car -- a 1975 3.0 CSL wearing a paint job designed by Alexander Calder -- headlined a class of significant cars from the German automaker at the 2014 Amelia Island Concours d'Elegance. It was joined by a BMW M-powered McLaren F1 GTR, a first-generation 320i, winners of the 1975 12 Hours of Sebring, a BMW 320 Turbo race car, and the first BMW convertible. The Calder art car is the first in a series that has spanned more than 40 years of Roundel history.

Fiat and Chrysler to completely merge?

Chrysler Group and Fiat Group's auto division could become a single company based in the United States, Chrysler and Fiat CEO Sergio Marchionne told an industry conference here Friday. That won't happen until after Chrysler refinances the government loans that have kept if from being profitable and holds an initial public offering, both of which Marchionne hopes will happen this year. "From a corporate governance standpoint, there's a point where separate companies make no sense.