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Fiat set to grab 51 per cent of Chrysler
Sun, 17 Apr 2011Sergio Marchionne wants majority at Chrysler What a difference a couple of years makes. On May Day in 2009 we reported that Chrysler had been put in to Chapter 11 Bankruptcy and the US Government was stepping in to ease the pain with $7.5 billion (admittedly at somewhat less than mates-rates) and that the management were ‘leaving the building’. Step forward Fiat to take up a 20% stake in Chrysler and Fiat boss, Sergio Marchionne, who planned to lead Chrysler away from the dark side and in to the light, with the promise of smaller and more efficient platforms and engines.
Daimler and BYD name new brand Denza
Mon, 26 Mar 2012Mercedes-Benz sources in Germany have confirmed Chinese media reports suggesting that parent company Daimler and Chinese carmaker BYD's new joint venture brand will be called Denza. Created as a Chinese-market-only brand, Denza is planned to support a range of "affordable" electric-powered vehicles, the first of which is set to be unveiled at the Beijing motor show next month. Based on the underpinnings of the first-generation Mercedes-Benz B-class--a car originally designed to accept batteries within its flat floor structure--the first Denza model was developed in China by a team of engineers from both Daimler and BYD Auto.
Kia Proceed GT (2013) first specs of Kia's warm hatch
Mon, 03 Dec 2012Here are the first official specifications of Kia's warm hatch, plus a new sketch: the Proceed GT. Following on from last week's sketch, Kia has confirmed the car will get over 200bhp, and boast a 7.9sec 0-62mph time. Kia Proceed GT: the new details With 201bhp, the Proceed GT sits a rung below the Focus ST and Vauxhall Astra VXR on the hot hatch ladder.