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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.

Renault Laguna GT (2008): first official pictures

By Chris Chilton First Official Pictures 22 February 2008 13:02 There are no Renaultsport badges anywhere on the new Renault Laguna GT but the crack chassis team have been hard at work under the skin. The same people who brought us the brilliant Clio Cup are behind the four-wheel steer system on this Laguna’s Active Drive chassis. Twenty years ago Japanese car makers seemed fascinated by the potential benefits of steering cars using both axles (and not just by nailing the throttle in your Starion) but the idea seemed to have disappeared until now.

The Toyota FT-1 concept would make a damn fine new Supra

The Detroit auto show is just getting started, and Toyota has kicked things off with a nice surprise: The racy FT-1 concept. A product of Toyota's Calty Design Research facility, the FT-1 concept shares some of the swoops and vents with the Lexus RC F. But there's a boatload of high-performance styling cues there, too: Take a quick glance and you might spot the front end of a Ferrari Enzo, the profile of the Nissan GT-R, the double-bubble roof of the SRT Viper/any number of Zagato creations and the oversized retractable rear wing of the McLaren P1.