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Chrysler-Fiat deal would spawn new look for U.S. automaker

As Chrysler LLC negotiates an alliance with Fiat S.p.A. that would satisfy the Obama administration, sources say the companies are discussing a revised ownership structure, a new board and possibly a different management team for Chrysler. Among the options being discussed is a direct role in Chrysler's operations for Fiat CEO Sergio Marchionne--possibly even the chief executive's job.

Real UK car sales ‘have halved’ in November 2008

By Tim Pollard Motor Industry 02 December 2008 09:58 The United Kingdom’s car market is in freefall, CAR has learned. Although official registration figures won’t be released until later this week, we can reveal that retail sales slumped by 45% in November 2008. It’s a crucial metric, retail registrations being actual sales to real people – as opposed to bulk-buy fleet deals to businesses (which are also down).

Flood-damaged car 'bought' by 12-year-old

A SUBMERGED CAR that was abandoned because of flooding on the Somerset Levels and put on eBay has sold for more than £100,000. The unnamed bidder paid £101,100 on the online auction site to buy the Seat Toledo after it was put up for sale by owner Hubert Zajaczkowski, 21. Mr Zajaczkowski planned to donate the cash to a charity helping the victims of flooding in Somerset.