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Fiat makes bid to buy Opel
Thu, 23 Apr 2009The proposed partnership between Fiat and Chrysler has been thrown into a tailspin with revelations that the Italian carmaker has made a secret offer to purchase a majority stake in Opel. Klaus Franz, chairman of Opel's works council, on Thursday confirmed Fiat's interest in a takeover of General Motors' European subsidiary, suggesting that officials have cleared the way for the signing of a letter of intent as early as April 28. Opel has been in talks with parts supplier Magna International on a possible partnership over the past month.
2013 Infiniti IPL G convertible officially announced at Pebble Beach
Sat, 20 Aug 2011In an expected move, Infiniti has announced it will build a production version of the IPL G convertible concept seen at this year's New York Auto Show. The 2013 Infiniti IPL G convertible will likely share hardware with the IPL G coupe on sale now, and the power retractable hardtop used by the G37 convertible. IPL, which stands for Infiniti Performance Line, is the manufacturer's in-house performance department, serving as an extension of the Nissan NISMO works into the company's luxury division.
Future products: Mercedes-Benz plans B-class coupe, crossover, sedan
Mon, 30 Aug 2010Mercedes-Benz is set to launch a wave of small luxury vehicles in the United States. An all-new C-class coupe will debut next year, followed by three derivatives of the front-wheel-drive B class in 2012 and 2013. "Everyone wants to be Mercedes-Benz," said Ernst Lieb, CEO of Mercedes-Benz USA.