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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.

BMW X5 trio spied testing near Spartanburg

Autoweek reader J. Monroe spotted a camouflaged BMW X5 convoy somewhere on Interstate 26, which just so happens to run near the German automaker's Spartanburg, S.C., plant (one of the X5's production sites). Despite a strategic application of BMW's dazzling, swirly vinyl wrap, the lines of these X5s were identical to those on the models available now.

Porsche hits out on CO2

By Phil McNamara Motoring Issues 22 June 2007 10:30 Porsche's next Cayenne and Panamera saloon will get petrol-electric hybrid engines, CAR Online can confirm, as the firm strives to reduce CO2 emissions. The sports car maker has gone on the attack, with tough new European Union guidelines on carbon emissions looming. Brussels has already announced it would like the average new car's emissions to total 130g/km of CO2 by 2012, and is now haggling with the industry about implementing the target.