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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.

Nissan LEAF becomes London Taxi

Nissan has been ferrying Londoners and tourists round the capital in the Nissan LEAF EV free of charge as part of its ‘Big Turn On’ campaign. Yesterday we reported that a Nissan LEAF was going to go backwards up the hillcimb at Goodwood in a bid for a reversing speed record, and to draw attention to the LEAF’s strengths as part of Nissan’s ‘Big Turn On’ campaign. We’re not too sure how being able to go backwards as quickly as you can forwards in a LEAF is a big selling point, but Nissan’s stunt in London this week is far more relevant – they’ve been offering fee taxi rides in the electric LEAF to tourists and Londoners alike.

Pontiac Vibe

One week after Toyota introduced its new Matrix at the SEMA show in Las Vegas, Pontiac presented the new redesigned Vibe at the LA Auto Show, a five-door hatchback short wagon that - like the Matrix - is derived from a lengthened and widened Corolla platform. Clear brand differentiation between the two cars is done through the styling of the Vibe's excusive sheet metal and different interior finishes and trim. To better relate the Vibe to the Pontiac Solstice or G8, designers wanted to express more muscle and leave behind last generation's "mini-SUV" look.