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Fiat buys remaining stake in Chrysler (2014)

By Damion Smy Motor Industry 03 January 2014 13:30 Fiat has purchased the remaining stake in Chrysler to become the sole owner of the US car firm. In a deal worth £2.2billion, the Italian company bought the remaining 41.46% of Chrysler from the VEBA Trust (Voluntary Employee Beneficiary Association) made up of current and former Chrysler employees. Fiat Chief Executive Sergio Marchionne says: ‘In the life of every major organisation and its people, there are defining moments that go down in the history books.

The future is cloudy

Last night before CES opened here in Las Vegas we met the principals of a start-up company called Driver Cloud. They said they had an idea about using the cloud to operate a package delivery service the same way other sites do ride sharing – you'd send out a notice on their network that you needed a package delivered and a bonded, licensed Driver Cloud truck owner would deliver it for you for a fee. The service, called Gofr, would work in conjunction with Driver Cloud's ride sharing component, called Chofr.

Car Insurance ‘Black Box’ a good idea? We find out.

We’ve been testing a new ‘Telematics’ App from Confused.com which mimics the ‘Black Box’ technology insurers are offering in an attempt to make car insurance cheaper. The inexorable rise and rise of car insurance premiums is a fact of life, and will continue until government gets a handle on ambulance-chasing lawyers and the UK’s idiotic whiplash claims industry. But if you’re looking to find a way to cut your insurance premiums, then having a ‘Black ‘Box’ fitted to your car to monitor your driving so you get charged for how much – and how well – you drive looks a promising idea.