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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.

NHTSA probes shattering liftgate glass on Ford SUVs

The National Highway Traffic Safety Administration is investigating about 200,000 copies of the 2010 and 2011 Ford Escape and Mercury Mariner SUVs for liftgate glass that reportedly shatters. There have been 18 complaints of the liftgate window breaking, four resulting in injuries. The models involved were built on or before Oct.

Ferrari 599 GTO Limited Edition

The Ferrari 599 GTO. Just 500 will be built There have been rumours flying around for quite some time that Ferrari are working on a special, limited edition 599. We’ve had the 599 HGTE recently and also the development special Ferrari 599XX.