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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.

Australian Automotive Industry Design Night announced

The Australian Auto Industry Design Night is set to take place on 28 June despite the surprise cancellation of the Melbourne motor show. Traditionally held on the first day of the show, this year's Auto Industry Design Night will be held at Gasolina, South Wharf, Melbourne. Gasolina is a concept created by two friends Dean Johnson and Carl Cerra, who is also an industrial designer/clay modeler and has also worked throughout Europe, you can check it out here.

McLaren introduces 50th anniversary MP4-12C

McLaren will produce a limited run of MP4-12Cs and MP4-12C Spiders for its 50th anniversary. The cars will get a few upgrades, but no changes will be made to the twin-turbocharged 3.8-liter V8. It stays at 616 hp and 442 lb-ft of torque.