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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.

More Londoners travelling by bus

MORE LONDONERS are taking the bus than at any time since 1959 - with more than 2.4 billion trips made in the capital in the past year. The growing popularity of London's iconic red double-deckers comes after Mayor Boris Johnson introduced a fleet of newly revamped Routemasters. The number of buses travelling along the capital's roads reached a 60-year high on April 29, when 7,961 buses were on the streets - the highest number since 1953, according to Transport for London.

Daihatsu OFC-1 and HSC concepts

By Ben Pulman Motor Shows 11 September 2007 10:51 It looks remarkably like a Copen… It does indeed, and at 5mm shorter, the same width, and only 45mm higher the OFC-1 is all but identical to the Copen. In fact, it is the new Copen, just not as cute. But perhaps the biggest changes is the switch from a two to a three-piece folding roof.