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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.

Abarth Coupe coming

The Abarth Coupe - a reality within 2 years For any but the oldest of our readers – even me included – Abarth is simply the ‘Hot’ Fiat. The badge that denotes the fastest of Fiat’s offerings. But Abarth isn’t a made-up division of Fiat in the way ‘R’ is for VW or ‘M’ for BMW.

General Motors says its EN-V concept might be tested in large cities

General Motors is working on a second generation of its EN-V electric-car concept and might test the two-seat, pod-shaped vehicle in large cities around the world. The EN-V will wear the Chevrolet badge. It is designed to communicate with other vehicle and city infrastructure to minimize congestion.