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Fiat set to grab 51 per cent of Chrysler

Sergio 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.

Clunkers claims hit $1.15 billion Monday, government says

Dealer claims for cash-for-clunkers rebates continued to climb late last week after it became clear that the program would get $2 billion in new funding. Dealers had submitted 273,077 applications totaling $1.15 billion as of Monday morning, the Department of Transportation said today. That's about $120 million above the figure of last Friday morning.

General Motors Europe opens new Design Center

Being a car designer is often percieved as a glamourous occupation, but few people realise that this typically means working in some of the least inspiring places. Wolfsburg, Detroit and Birmingham are just a few of the locations that are home to some of the largest populations of car designers around the world. GM Europe's location in Russelsheim, Germany is also one of the less glamourous locations but the new design center building opened this week aims to redress the otherwise rather industrial feel of the place where tomorrow's Opels and Saabs are created.