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Fiat will buy the rest of Chrysler for $4.35 billion
Thu, 02 Jan 2014Fiat 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.
Nissan Leaf EV to cost £397 a month in UK
Thu, 09 Dec 2010Tax exempt, Congestion Charge free and costing buttons to fuel. That's the claim from Nissan, which today revealed its new Leaf electric car will be available to lease in the UK from £397 per month. Nissan will take a £3850 deposit for a personal contract purchase scheme and then charge £397 a month.
VW reveals plug-in diesel hybrid concept, claims 261 mpg
Tue, 25 Jan 2011Volkswagen has used a car show in the Middle East nation of Qatar to unveil a two-seat plug-in hybrid concept car that the automaker says will deliver 261 mpg. The VW XL1 uses a lithium-ion battery pack, an electric motor and a two-cylinder, 0.8-liter diesel engine for the powertrain. We're still digesting the press release, but here are some highlights: -- VW says the XL1 can travel about 22 miles on electricity from the battery pack.