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Fiat gets approval to purchase Bertone coachbuilding business

Fiat S.p.A.'s bid for Carrozzeria Bertone S.p.A. was approved Thursday by the Italian government. Fiat will invest $215.9 million (150 million euros) over three years in the struggling contract manufacturer that has produced models ranging from the Lamborghini Miura to the Volkswagen Polo during its 96 years in business.

Electric Kia Soul planned for 2014

Kia has revealed that they will offer a battery electric version of the next generation Kia Soul when it arrives in 2014. Hyundai may have seen the light and decided the future for cars lies with hydrogen fuel cell cars and not battery electric cars, but sister company Kia thinks differently. It seems an odd polarity for the Korean siblings to take different routes to the future of powertrains for cars, but perhaps it’s just a case of hedging bets rather than an inability by Kia to see how impractical the BEV is as a replacement for a normal ICE car?

GM axes deal with Peugeot Citroen: how it helps Vauxhall

Wolfgang Rattay, Newscom, RTR Strange as it sounds, the sale of GM’s 7% share it only just bought in Peugeot is good news for Vauxhall buyers. The reason is that it is the last stage of GM’s plan to improve the plight of Opel and Vauxhall by getting rid of all the distractions and focusing on improving the cars and the marketing. The Peugeot move has to be seen in the context of GM pulling Chevrolet out of Europe only a few weeks ago.