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Fiat set to grab 51 per cent of Chrysler
Sun, 17 Apr 2011Sergio 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.
Toyota confirms sticking accelerator fix
Mon, 01 Feb 2010The Toyota fix for the sticking accelerator problem (click image for full size) It’s been a fraught time for Toyota with the recall of millions of cars around the world to remedy a faulty accelerator pedal with the potential to stick. And no one – Toyota seemingly included – was too sure exactly how the car maker was going to address such a mammoth problem despite the Toyota Recall. But it seems the fix has been sorted.
Car in Paul Walker crash going more than 100 mph before deadly crash
Sat, 04 Jan 2014While "Fast and Furious" star Paul Walker and business partner and Pirelli World Challege racer Roger Rodas did not have drugs or alcohol in their systems when they died in a fiery car crash on Nov. 30, speed was a factor in the crash according to a published report issued by the Los Angeles County coroner's office on Friday. According to a detailed report in the Los Angeles Times, the car Rodas was driving -- a 2005 Porsche Carrera GT -- was traveling at more than 100 mph before the crash.