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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.

Infiniti Emerg-e at 2012 Geneva motor show

Infiniti is ramping up the interest factor with the new Emerg-e hybrid sports car concept at the 2012 Geneva motor show. Imagine an Alfa Romeo 4C pepped up with a range-extender powertrain and you're not far from the truth. The Infiniti Emerg-e is a stunning little coupe, which draws on the 2009 Infiniti Essence supercar for inspiration.

Porsche 918 Spyder finally debuts at Frankfurt motor show

Porsche initiated the final act in its drawn-out 918 Spyder introduction, revealing the production version of the 214-mph gasoline-electric hybrid two-seater at the Frankfurt motor show. The car will be produced on a dedicated line at Porsche's Zuffenhausen factory in Germany starting Sept. 12.