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Fiat will buy the rest of Chrysler for $4.35 billion

Fiat 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.

Chevrolet Spark EV tops EPA's fuel-economy rankings for 2014

The 2014 Chevrolet Spark EV has been named the most fuel-efficient vehicle by the EPA and the Department of Energy in a new ranking for 2014. The Spark EV returns a combined 119 mpg equivalent, achieving 128 mpg in the city and 109 mpg on the highway. Chevrolet's pure-electric hatch displaced last year's chart topper, the Scion 2013 iQ EV, with its 121 mpg equivalent rating, but the Scion is not offered for the 2014 model year, so it didn't make the list for the U.S.

New Discovery Sport Teases Seven-Seat Cabin

LAND ROVER has dropped the biggest hint yet as to the role its new Discovery Sport model will play in the firm’s line-up, with a cheeky nod to the car’s seating layout. Making the unusual point of drawing attention to its prototype cars with dramatic camouflage, the latest set of graphics to adorn the premium compact SUV show an illustration of a third row of seats. This nod to family-centric buyers should ensure plenty of pre-launch interest, as seven-seat cars in this sector of the market are the exception rather than the norm.