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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.

'Oldest' right-hand drive Austin Healey up for sale

THE OLDEST right-hand drive Austin Healey in existence is to be sold at auction within days. Specialist car auctioneers Coys is to sell the car among other highly sought-after models as part of the True Greats event in London on December 3. The 16th of 20 pre-production Healeys built before the model went into production is the oldest surviving example of a much-loved British classic, with genuine racing heritage and a lightweight bodyshell.

Guy Ritchie wrecks Top Gear Cars

Guy Richie wrecks four Top Gear Cars in SIARPC There have been one or two ‘Stars in a reasonably priced car’ who seem intent on wrecking the Top Gear car. Most of those have been our Colonial cousins who don’t understand the concept of using your left foot to change gear, nor do they seem to understand that you also need to use your left hand in sync with your left foot to do so. We shouldn’t mock the afflicted – no discrimination at Cars UK.