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Fiat gets approval to purchase Bertone coachbuilding business

Fiat S.p.A.'s bid for Carrozzeria Bertone S.p.A. was approved Thursday by the Italian government. Fiat will invest $215.9 million (150 million euros) over three years in the struggling contract manufacturer that has produced models ranging from the Lamborghini Miura to the Volkswagen Polo during its 96 years in business.

Japan freeway clogged by supercar pileup

Nearly $2 million worth of vehicles were wrecked in a 14-car crash in Japan on Sunday. The pileup involved eight Ferraris, a Lamborghini, three Mercedes-Benzes and two Toyotas. The fancy car convoy was headed from Kyushu to Hiroshima when the driver of a red Ferrari skidded while switching from the right lane to the left on the rain-soaked expressway.

Yeti leads Skoda growth spurt

By Tim Pollard Motor Industry 19 September 2008 14:47 Skoda is secretly planning to double its range of cars in three years. Today the Czech manufacturer has a four-strong range: Fabia supermini, Octavia family car, Superb saloon and roomy Roomster. But by 2011 it’ll have a tiny Smart-like city car, a new small four-door, the Yeti junior off-roader and a seven-seater MPV.