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Fiat buys remaining stake in Chrysler (2014)

By 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.

Mini auctions Kiss Countryman cars to fund global relief efforts

If Dad's Gene Simmons poster is starting to lose its luster, you should probably sign on to eBay to try to win him a custom-painted Mini forever emblazoned with that tongue. Mini and the rock bank Kiss partnered to auction four Countrymans (Countrymen?) that are custom-painted with the iconic likeness of each band member, in a 10-day Father's Day charity auction that started on May 29. Kiss band members joined Mini at the New York auto show in April to unveil the four vehicles now up for auction.

Lexus Detroit Concept tease 2. Could this be an LFA derivative?

Lexus Detroit Concept tease 2 (click image for full size) Lexus has sent us the second teaser photo of a new concept showing a new design direction heading for the Detroit Auto Show. Last week Lexus came over all enigmatic and sent us a teaser photo of a concept car heading for the Detroit Auto Show in January which, they say, heralds a new design direction for Lexus. All we got was a tight front three-quarters shot of the new car showing a car which appeared to be dynamic and sporty, and with more than the odd design cue from the LFA.