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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.
Bernie Ecclestone wants Saab – Spyker make new bid
Fri, 08 Jan 2010Bernie Ecclestone is behind the Genii bid for Saab I think if we tried really hard we could be doing at least one story a day on the saga that is the sale of Saab by GM. There’s no point re-hashing the history – if you read here regularly you’ll have had your fill of the story that’s more like a Soap Opera than a business deal, but if you want all the back stories just look under Saab. But now – at the 11th hour – we have two new bits to add to the story.
Renaultsport Twingo 133 Cup revealed
Tue, 29 Sep 2009The Renaultsport Twingo 133 Cup is launched in the UK But Renault has another Renaultsport model to reveal – the Renaultsport Twingo 133 Cup – which has turned up in our inbox this morning. This is a cut-down version of the Twingo Renaultsport. Cut down on fripperies, mind you, not on performance.