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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.

Lotus City Car supermini: a future with Proton

Lotus hopes to launch its city car with partner firm Proton, according to a new interview published today. The Lotus City Car concept was the sixth member of the Lotus Everything launchpad at this month's Paris motor show, and had been assumed to be a technical showcase rather than a serious production car. However, in an interview with Automotive World, Lotus CEO Dany Bahar admits that the Lotus City Car was developed in tandem with its Malaysian owners Proton.

Veritas RS III World Debut at Salon Privé

The Veritas RS III will debut at Salon Privé in July [ad#ad-1] Vermot AG are responsible for the Veritas RS III, a modern day recreation of a 1940s German racer. And it does look pretty stunning. It weighs in at less than 2400lbs but features a either V10 BMW (as in the M5) or a V8 (as in the M3), offering either 600bhp or 480bhp.