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Fiat says it could abandon Chrysler due to unions

Fiat S.p.A. CEO Sergio Marchionne said he is ready to abandon plans to form a partnership with Chrysler LLC unless the U.S. carmaker's unions accept substantial labor cost reductions by the end of the month.

Posh car 'pushes up house prices'

HAVING a posh car in the driveway can push up property prices, according to a survey. As many as a third of people reckon having a luxury motor outside their home can add to the value of their house, the poll by car rental company Avis found. Around a third of the 2,000 adults surveyed also thought a flash car would help sell a property.

2014 Porsche Panamera gets new hybrid

The Porsche Panamera has been restyled and the lineup gains a plug-in hybrid model, along with a new twin-turbo V6 for the Panamera S and 4S models that is more powerful than the former base V8. Also, Porsche is adding a stretched version of the Panamera with 5.9 inches added to the wheelbase for additional rear-seat legroom. The restyled Panamera goes on sale in the United States late this year as a 2014 model.