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BMW expands Mini lineup with two-seat coupe, roadster models

Mini is celebrating the 50th anniversary of its original model by confirming plans for a new compact performance-oriented coupe. The two-seater, revealed 50 years to the day after the premiere of the first Mini back in 1959, will make its public debut at the upcoming Frankfurt auto show. At the show, the BMW-owned carmaker also will unveil a similarly styled two-seat roadster, which sources say will head into production as part of a strategy aimed at further raising the appeal of the wildly popular and iconic small car.

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.

Fiat plans new high-performance Abarth models

Abarth Abarth, the tuning company owned by Fiat, is looking to grow the number of models it offers including a hot version of the 500L supermini, MSN Cars can reveal. Speaking exclusively to MSN Cars, Marco Magnanini, the European boss of Abarth, hinted that other models from Fiat could be given the Abarth treatment. When quizzed about the possibility of an Abarth 500L, he said: “The 500 family will offer us options.