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Fiat's Marchionne says he won't walk away from Chrysler deal

Fiat S.p.A. will not walk away from its plan to buy bankrupt Chrysler LLC, CEO Sergio Marchionne told Bloomberg after a U.S. court delay threw the deal into doubt.

Traffic delays 'to last weeks'

DRIVERS at the beginning of the summer holiday getaway are being warned of weeks of delays on the roads. The first major jams will be on Friday July 25, and the five Saturdays that follow, starting July 26 and ending August 23, are expected to be the most congested days of the summer. From traffic information company Inrix, the warnings included forecasts that hour-long journeys on Friday could take up to 90 minutes.

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.