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Fiat set to grab 51 per cent of Chrysler

Sergio Marchionne wants majority at Chrysler What a difference a couple of years makes. On May Day in 2009 we reported that Chrysler had been put in to Chapter 11 Bankruptcy and the US Government was stepping in to ease the pain with $7.5 billion (admittedly at somewhat less than mates-rates) and that the management were ‘leaving the building’. Step forward Fiat to take up a 20% stake in Chrysler and Fiat boss, Sergio Marchionne, who planned to lead Chrysler away from the dark side and in to the light, with the promise of smaller and more efficient platforms and engines.

Hyundai makes Kia’s Peter Schreyer Hyundai design guru too

The newly appointed Kia President, Peter Schreyer, has now been made Hyundai President in charge of design too. Peter Schreyer’s success in making Kia a real design force led to him being appointed a Kia President at the end of 2012, handsome reward for the changes he’s wrought at Kia since leaving VW, turning Kia’s range of cars from stodgy to convincing in a few short years. But Kia is the junior partner in the Hyundai-Kia business, so Hyundai are obviously not totally thrilled that Kia managed to snaffle a designer who’s eye manages to so convincingly hit the Zeitgeist firmly on the head.

Ecurie Ecosse racing car collection sells for £8.8 million

Ecurie Ecosse is a name that will need no introduction to classic motorsport fans. Established in 1952 by Edinburgh racing driver and businessman David Murray and mechanic Wilkie Wilkinson, this racing team is famous for two things – its stunning Flag Blue Metallic paint scheme and winning the 24 Hours of Le Mans. In fact, Ecurie Ecosse won Le Mans twice – back-to-back in 1956 and 1957, securing two of the three victories there for Jaguar’s D-Type.