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New technology combats drowsy driving

Auto supplier Takata is introducing a new driver-alertness warning system to the commercial trucking industry to keep drivers awake. The SafeTrak electronic vision system sounds an alert if a trucker is driving erratically or unintentionally drifting from a lane. A recent AAA study for traffic safety found that drowsy driving is a contributing factor in 16.5 percent of fatal car crashes in the United States.

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.

Saab bidding closed, buyer announced soon

We should know the buyer of Saab soon The Swedish press have been told that the bidding on Saab has now closed and that the successful buyer will be announced shortly. It’s amazing how much interest – and speculation - there is around the demised Saab; so much so we’ve probably reported as much on Saab after its demise as we did when it was in the throes of turmoil. Saab’s administrator, Hans Bergqvist, has revealed that the bidding process is now closed and that he will be talking to Saab stakeholders to discuss the bids and confirm which of the number of bidders is successful.