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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.

Peugeot to unveil two 208 concepts in Geneva

Peugeot is unveiling two show cars at next month's Geneva motor show based its new 208, alongside the reveal of the production range. The Peugeot 208 XY Concept suggests how a more premium 208 might look, while the GTi Concept needs no introduction. Both show cars suggest Peugeot is keen to continue its efforts to move upmarket.

Mercedes E63 AMG Drifting at Brooklands

The 525bhp Mercedes E63 AMG gets blatted round the Brooklands track in the video below When you produce a mid sized saloon car with a great big 6.2 litre V8 you can be pretty sure that when journalists get the chance to play they’re going to be a little exuberant with your car. So why not get in first? That seems to be Mercedes thinking with the video they’ve produced of the E63 AMG strutting its stuff at a soaking wet Brooklands track.