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Fiat will buy the rest of Chrysler for $4.35 billion

Fiat has announced that it will purchase the rest of Chrysler in a deal totaling $4.35 billion. Currently, the outstanding 41.6 percent stake in the company is owned by the UAW's voluntary employee beneficiary association, or VEBA, trust. Under the terms of the deal, Fiat won't shell out all $4.35 billion.

Audi TT revs up for Geneva auto show

Audi has unwrapped its new TT at a media preview proceeding tomorrow’s Geneva motor show, revealing the new look, contemporary interior and updated mechanical package the German coupe carries into showrooms when North America sales get underway later this year. The third-generation TT has an all-new exterior design. The car is again a three-door liftback and has the same basic dimensions as its predecessor, but is subtly sleeker with more precise detailing and crisper lines.

Toyota Prius Recall: 30,790 cars in the UK, 1.9 million worldwide recalled

The 3rd generation Toyota Prius (pictured) is being recalled Toyota’s hasn’t had a lot of luck with recalls in the last few years, although the latest recall for the Toyota Prius isn’t quite on the scale we’ve seen for previous recalls. It’s only eight months since the last Toyota Prius recall – which affected around 5,000 Prius models in the UK from 2009 – but this latest recall is a lot more extensive, affecting third generation Prius built from March 2009 to February 2014 and totalling 30,790 cars in the UK and 1.9 million worldwide. The issue is a problem with the hybrid system’s boost converter software, which is used when the car is under heavy load such as accelerating hard from a standstill.