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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.

Saab gets latest lifeline via $5 million infusion from Chinese company

Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.

A beautiful F1 book when you subscribe to CAR

Art of the Formula 1 Race Car, worth £30 – free when you subscribe to CAR Magazine By Ben Barry Motoring Issues 17 August 2010 16:51 If you subscribe to CAR Magazine this month, we've got a special treat in store for you: a wonderful hardback book charting the art of the greatest Formula 1 racers over the decades. It's a glossy book with sky-high production values worth £30 – yet it's your free when you take out a year's subscription to CAR Magazine. Click here to see more details on this great offer, which is available to all UK-based subscribers.