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Fiat and Chrysler to completely merge?

Chrysler Group and Fiat Group's auto division could become a single company based in the United States, Chrysler and Fiat CEO Sergio Marchionne told an industry conference here Friday. That won't happen until after Chrysler refinances the government loans that have kept if from being profitable and holds an initial public offering, both of which Marchionne hopes will happen this year. "From a corporate governance standpoint, there's a point where separate companies make no sense.

Subaru XV production car at 2011 Frankfurt show

Subaru will show its new Qashqai rival, the XV, at the 2011 Frankfurt motor show. Not that you would have guessed it from this frustrating teaser sketch issued today. Parent firm Fuji Heavy Industries confirmed the Subaru crossover will be shown on 13 September at the IAA German show - five months after the concept waded in at the 2011 Shanghai show.

Sold out: RM sells entire vehicle inventory at Hershey auction

RM Auctions recorded a 100 percent sell-through rate at its Vintage Motor Cars of Hershey (Pa.) event. With more than 140 vehicles featured, the auction house posted $8.8 million in total sales. There was worldwide interest for the cars as bidders on the phone and the Internet represented 18 different countries, including Argentina, Turkey and Australia.