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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.

Parade celebrates astronauts and Corvettes

After Alan Shepard became the first American to travel into outer space in 1961, General Motors executive Ed Cole presented the astronaut with a new 1962 Chevrolet Corvette, customized with a space-age interior. Shepard had brought along his own 1957 Corvette when he reported for the space-training program in 1959. Thanks to a special lease arrangement between the space men and a Melbourne, Fla., Chevy dealership, six of the Mercury Seven astronauts were Corvette owners.

Revealed: the popular city cars that FAIL a new crash test

It’s fair to say that drivers are pretty well protected in just about any new car on the market today. It’s rare for cars to get anything below the maximum five stars in the Euro NCAP crash tests, and even the most basic of cars come with equipment like ABS and airbags as standard. But America’s Insurance Institute for Highway Safety (IIHS) has devised a new test, which involves a “small overlap front crash” – similar to a head-on crash but only the front corner of a car collides with a solid object.