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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.

Parents 'taxi drivers' for their children

PARENTS spend around six months of their lives playing taxi driver for their children, a poll has found. A new survey claims that the average mum and dad clocks up around 30 miles a week ferrying their youngster to school, to clubs and to see friends, spending around three-and-a-half hours in the car. It means that the average parent racks up around 26,741 miles driving their child around between the ages of three and 20, and spends around 3,147 hours behind the wheel, according to Goodyear, which commissioned the poll.

VW Passat CC gets 5 seat option

TheVW Passat CC now gets a five seat option Cue bevvy of car show lovelies; roll out the big red carpet; bring on the marching band. Volkswagen has big news to announce. The VW Passat CC is getting a five seat option.