1986 87 Cadillac Eldorado Seville Heavy Metal Chrome Castle Grille Top Piece on 2040-parts.com

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.

Mitsubishi weighs a 'different direction' for the Lancer Evolution

The current generation of Mitsubishi Motors Corp.'s Lancer Evolution high-performance sedan appears be its last as the automaker works to refashion itself as a leader in electrified vehicles. Mitsubishi is considering a "different direction" for its rally-inspired, all-wheel-drive sport sedan as it prepares to launch eight electric or plug-in hybrid vehicles globally by 2015. The plan is fueled in part by a need to meet tougher global fuel economy and emissions regulations.

Faster Gumpert Apollo model to debut in Geneva

They may not be lookers, but there is no denying the performance credentials of Roland Gumpert's Apollo sports cars. With the base 650-hp engine package, the brainchild of the former director of Audi Sport is capable of reaching 60 mph in less than three seconds with a top speed or more than 200 mph. But now Gumpert is planning to reveal a faster chapter in the line at next month's Geneva motor show with the Apollo Speed.