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Fiat will buy the rest of Chrysler for $4.35 billion
Thu, 02 Jan 2014Fiat 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 moves Europe design chief to U.S., Campbell to retire
Thu, 11 Mar 2010Bruce Campbell, Nissan's U.S. design chief, will retire at the end of March after 31 years with the automaker and will be replaced by Alfonso Albaisa, who currently is Nissan's European design chief. This will be the second tour of duty in the United States for Albaisa.
Nissan backs radical DeltaWing racecar program
Wed, 14 Mar 2012Nissan has announced its involvement in a radical new motorsport project, dubbed the DeltaWing, which will race at the Le Mans 24 Hours this summer using Nissan power. The car is the work of Ben Bowlby who originally designed the car as a proposal for the 2012 IndyCar racer, which has since found the attention of Nissan after its rejection by the American race championship. The headlines of the design are that it's half the weight and has half the aerodynamic drag of a conventional racer and is therefore far more efficient.