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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.

A classic covey gathers at The Quail for Monterey weekend

For seven years now every August, the fairway in front of the Quail Lodge has been transformed into a racing paddock. Great sports, race and super cars of all eras sprawl out on the grass like a tremendous, wheeled museum of speed. This year, in addition to the usual categories of "pre-war sports and racing," "post-war sports," etc., there were classes for BMW M1s, a celebration of 50 years of racing at Daytona and even a class of eight Devins.

Daihatsu Deca Deca concept

The Deca Deca concept was one of three concept cars unveiled by Daihatsu at the recent Tokyo motor show and one of the stars. Called a 'super box' by its maker, the Deca Deca's robust exterior form expresses stability. But beneath the car's boxy exterior proportions and upright stance is a modern, reconfigurable interior that emphasizes functionality.