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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.

Skoda confirms two new models

Skoda Vision D at Geneva - Skoda's new design direction It’s now got to the point with Skoda where the skip-on-wheels reputation of the ’70s and ’80s – and even the ‘Cheap’ VW tag of the ’90s and ’00s – has been completely eclipsed by the perception of Skoda as quite simply the maker of some crackingly good cars. Cars like the brilliant little Skoda Fabia vRS – which we’d take over the Polo GTI (much more character) – and the equally brilliant Skoda Yeti which, although it might not quite live up to Clarkson’s recent tongue-in-cheek assertion as the best car in the world is, nonetheless, exceptionally good. That change in perception is clear in the confident model range on offer from Skoda and the clever way in which it’s marketed.

BMW's new 5-series next for hybrid power

The new BMW 5-series being launched this winter is likely to be the next BMW to receive the ActiveHybrid system pioneered on the petrol-electric 7-series and X6 models. BMW engineers admit they can't rely on sales of the pricey hybrid 7-series and X6 to justify the development costs, even though these range-topping halo hybrids were jointly developed with Daimler and GM. Senior sources have indicated that the new 2010 5-series will be the next BMW to get an ActiveHybrid model.