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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.

McLaren 12C production ends – killed off by the new 650S

The McLaren 12C bites the dusts – killed off by the new 650S When the new McLaren 650S was revealed in February, we commented that we expected the McLaren 12C to quietly disappear. And it has. To start with McLaren simply halted production of the 12C to concentrate on building the new 650S, but now they say it won’t be restarted as the McLaren range ‘evolves’.

Subaru Tribeca, Mazda 6 on the chopping block, report says

Two U.S.-built Japan-brand vehicles may soon get the ax. The Subaru Tribeca SUV and Mazda6 mid-sized sedan will be discontinued as their manufacturers seek to improve the efficiency of U.S. assembly plants, a Japan newspaper says.