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Fiat and Chrysler to completely merge?

Chrysler Group and Fiat Group's auto division could become a single company based in the United States, Chrysler and Fiat CEO Sergio Marchionne told an industry conference here Friday. That won't happen until after Chrysler refinances the government loans that have kept if from being profitable and holds an initial public offering, both of which Marchionne hopes will happen this year. "From a corporate governance standpoint, there's a point where separate companies make no sense.

Alfa Romeo/IED Gloria [w/gallery]

The European Institute of Design (IED) in Turin will unveil its new Gloria concept, developed in collaboration with Alfa Romeo Style Center, at next month's Geneva motor show. These renders of the sports sedan concept, which is 4,200mm long, 1,920mm wide, 1,320mm high sitting on a wheelbase of 2,900mm, show a traditional Alfa grille that feeds into the hood's prominent V-shaped character lines. Two leather hood straps in front of the windshield are a nod to the brand's older models.

Toyota tests chips that improve hybrid efficiency by 10 percent

Toyota announced on Tuesday that it has developed a new semiconductor, claiming it can boost fuel efficiency in hybrid cars by an impressive 10 percent. The semiconductors manage the flow of electricity through the power-control unit that connects the battery to an electric or hybrid car's motor and generator. The newly developed semiconductors are said to consume only a tenth of the energy of today's chips, while allowing the power-control unit to be 80 percent smaller.