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Fiat will buy the rest of Chrysler for $4.35 billion
Thu, 02 Jan 2014Fiat has announced that it will purchase the rest of Chrysler in a deal totaling $4.35 billion. Currently, the outstanding 41.6 percent stake in the company is owned by the UAW's voluntary employee beneficiary association, or VEBA, trust. Under the terms of the deal, Fiat won't shell out all $4.35 billion.
New Nissan creates 500 UK jobs
Wed, 22 Jan 2014THE NEW NISSAN Qashqai starts coming off the production line today, which has helped create 500 new jobs at the Japanese car giant's UK plant in the coming months. The second generation Qashqai will be built in Sunderland, where the workforce is set to increase to over 7,000 for the first time. Around 286,000 Qashqai cars were built last year, with production numbers expected to be similar in 2014.
Ford to reveal 'post-kinetic' design in Detroit
Wed, 03 Dec 2008It appears the NAIAS in Detroit will not be a complete wash in terms of new designs. Ford, for example, is poised to reveal the next phase in its global design language at the automaker's press conference on January 11th. According to J Mays, the automaker will unveil a new mid-sized vehicle which will 'be a big step in the global design DNA' for the company.