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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.

Superb wins Tow Car of the Year

THE SKODA SUPERB Estate has been crowned Tow Car of the Year by the Caravan Club, beating off competition from 40 other entrants including Range Rover and Jaguar. Commenting on the Superb’s ability, the judges remarked: ‘With a loading limit of 100kg on the roof, 80kg on the towball and a boot that scored maximum marks, it’s a very tough act to follow. You wouldn’t know you were towing a caravan.’ Skoda also won the £16,000-£20,000 category with the new Octavia 1.2 TSI, which was praised for its pulling power with such a small engine.

Salon Privé 2010 picture gallery

Just spent a fabulous weekend at the world’s most luxurious car event. Salon Privé is held at the The Hurlingham Club in London, and is now the UK’s most luxury supercar and Concours d’Elegance event to date. Now in its fifth year, the event continues to grow, with 30% more visitors in 2010.