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Mini Paceman

Mini has presented its latest model, the Paceman, as it ventures into a new vehicle class. Appearing – almost to the millimeter, bar colour and trim detailing – to be the Paceman concept seen at NAIAS 2011 in Detroit, the Paceman Sports Activity Coupe features many traditional Mini design cues. Where it moves away from them, it is in keeping the new-style squared off front lamps of the Countryman (with which it shares a front end up to the base of the windscreen) and a roofline which tapers down much more than we've seen in any previous ‘new' Mini before.

Fiat might increase Chrysler stake to 51 percent before IPO, sees no merger

Fiat SpA, the Italian carmaker that owns 20 percent of Chrysler Group LLC, may boost the holding to more than 50 percent before an initial public offering by the U.S. automaker, the companies' chief executive officer said. “I think it is possible.

GM shifts gears, will keep Opel

General Motors' board of directors has decided that it will keep the Opel business and restructure it, putting an end to plans to sell the European operations to auto supplier Magna International. GM said it expects the restructuring of Opel to cost $4.42 billion (3 million euros), which it says is lower than the costs associated with outside bids for the company. GM said it will soon present its restructuring plans for Opel to the German government and other governments in Europe.