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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.

SAIC's Mobiliant wins 2013 LA Design Challenge

SAIC has been revealed as the winner of this year's LA Design Challenge. The Chinese carmaker's entry, a single-seat urban public transit vehicle, was declared the victor after intense judging sessions took place throughout the LA auto show's second press day. The panel – which included Tom Matano, executive director, School of Industrial Design at San Francisco's Academy of Art University, and Stewart Reed, chair of Transportation Design at Pasadena's Art Center College of Design – combed through the entries, discussing their merits and how closely they fit the brief, before hearing the teams' presentations in the afternoon.

GM ride-and-drive event puts interns behind the wheel

Interns here at AutoWeek are fortunate enough to be in and out of all sorts of cars, from the little Fiat 500 to the phenomenal Lexus LFA. But rarely do we get our own event like the Intern Ride and Drive hosted by General Motors in downtown Detroit on Friday. The event, set up and run by GM's own interns, involved summer help from local broadcast-media outlets, newspapers and many Detroit-area automotive publications.