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Fiat finishes buying Chrysler

The Chrysler Group is now wholly owned by Italian carmaker Fiat. The company announced on Jan. 1 that it made a $4.35 billion deal to acquire full control of the Pentastar.

F1 goes all arty with oil: Lewis Hamilton portrait

By Peter Adams Motoring Issues 08 June 2009 14:00 It’s not often that the motoring world slickly merges with art, but Mobil 1 has made it happen. US artist David Macaluso has painted a portrait of Lewis Hamilton using oil not from a tube of paint, but from the sump of Hamilton’s F1 car. The oil was taken from Vodafone McLaren Mercedes’ 2008 F1 car – the vehicle that took Hamilton to the world championship last year.

How Porsche will be integrated into VW

By Georg Kacher Motor Industry 20 November 2009 12:32 Although Porsche won't be a fully integrated member of the Volkswagen group before mid-2011, the sports car maker can even at this early point in the merger no longer make independent strategic decisions. After all, Martin Winterkorn has effectively been appointed head of the Porsche SE Holding which in turn employs the Porsche AG chairman Michael Macht.  With a takeover as costly and complicated to fund as this one – all in all, VW will have to fork out a staggering €16 billion to absorb the latest family member – it is only logical that the new owner wants to get the restructuring process going asap. Overnight, Porsche has become easily VW's most expensive brand.How VW will integrate PorscheTo protect and eventually enhance its value, the powers in Wolfsburg will leave no stone unturned to rearrange the product portfolio, to streamline R&D, to shake up purchasing and production, and to ensure a variety of synergies which are estimated to range from €500m to €750m per year.