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Fiat taking 35% stake in Chrysler

Fiat S.p.A. and Chrysler LLC confirmed today that the Italian company intends to acquire an initial 35 percent stake in the U.S. carmaker.

German Grand Prix Qualifying (2014): Rosberg on pole for Mercedes – Hamilton crashes out

Rosberg takes pole in the 2014 German Grand Prix Lewis Hamilton managed to close the gap to Mercedes teammate Nico Rosberg at the British Grand Prix two weeks ago after Rosberg’s car fell foul to mechanical failure, but it was Lewis’s turn to catch the Mercedes mechanical gremlins today as brake failure in qualifying saw him crash out. Hamilton suffered brake failure ten minutes after qualifying began and crashed heavily at speed in to the stadium section, going out of qualifying and causing a red flag for the session. Lewis was checked over after the heavy crash and is fine, but the pole position subsequently gathered in by team mate Rosberg won’t have been any consolation, Just fou7r points behind Rosberg in the driver’s championship battle after the British Grand Prix, Hamilton now faces a big uphill struggle to minimize Rosberg’s advantage in tomorrow’s race, but at least Hamilton’s first flying lap before the crash has sealed him 15th spot for the race.

Toyota to halt North America vehicle output for 5 days this month

Toyota Motor Corp. will suspend production at its North American assembly plants for five days this month due to earthquake-related parts shortages. All but one of Toyota's assembly plants are scheduled to be idled on April 15, 18, 21, 22 and 25, the automaker said in a statement Friday.