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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.

Red Bull do doughnuts on the Burj Al Arab Helipad to celebrate F1 title (video)

David Coulthard gives the thumbs up whilst doing doughnuts Sebastian Vettel may be cool, collected and composed behind the wheel of his Red Bull F1, but even an in-control German needs to let off steam when he’s just taken his fourth F1 drivers title in a row. So at last week’s Indian Grand Prix, Seb celebrated his title win by producing a series of doughnuts in his car on the finish line, much to the annoyance of FIA officials who fined him €25k for his celebrations. But the latest doughnuts by an F1 team won’t have the FIA up in arms (probably) even if the stunt Red Bull have pulled to mark their latest achievements will give anyone who’s afraid of heights the heebie-jeebies.

Volvo S60 revealed

Volvo has released the first official images of the redesigned S60 sedan. This is the much-anticipated car that will go into production next summer. We'll see it live for the first time at the Geneva motor show next March.