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Fiat buys remaining stake in Chrysler (2014)
Fri, 03 Jan 2014By 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.
Lincoln crossover concept video hits the web
Fri, 18 Apr 2014Lincoln has released a video that previews a concept vehicle that could be the next MKX crossover. The short spot gives a glimpse of a large four-door luxury crossover with long rear doors and a relatively short cargo section in the back. The video gives little clue as to the concept's true dimensions, though it appears likely that this concept is previewing a second-generation MKX, to replace the model which has been on sale since 2006.
Lexus RX (2009) revealed in brochure blunder
Thu, 30 Oct 2008By Chris Clarke First Official Pictures 30 October 2008 15:34 Lexus has let slip pictures of its new RX after a Japanese brochure was seemingly leaked ahead of the car’s launch. We weren’t supposed to see the 4x4 until the November 2008 LA auto show, but we’ve tracked down the photos of the new Lexus RX early. They certainly look it and insiders at Lexus GB suggest they are genuine.