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Fiat will buy the rest of Chrysler for $4.35 billion

Fiat has announced that it will purchase the rest of Chrysler in a deal totaling $4.35 billion. Currently, the outstanding 41.6 percent stake in the company is owned by the UAW's voluntary employee beneficiary association, or VEBA, trust. Under the terms of the deal, Fiat won't shell out all $4.35 billion.

Logbook loans signal increasing debt risk

CONSUMERS who buy second-hand cars are at risk of unwittingly inheriting debts taken out by the previous owner that could end up with their vehicle being seized, Citizens' Advice is warning. The charity said one in five people who reported a problem to it about “logbook loans”, where a person places their car as security against a loan, ended up having their car repossessed – despite not being the one who borrowed the money. Citizens' Advice warned someone who buys a car which is still the subject of an outstanding logbook loan taken out by a previous owner could end up being chased for the debt – leaving them with the choice of making the repayments or having their vehicle repossessed.

BMW DesignworksUSA Intermarine 55 Yacht

Following on from their alliance with Siemens on the Metro Inspiro train, BMW DesignworksUSA have collaborated with Intermarine, Brazil's leading luxury yacht brand. Having previously designed sea-going vessels for Bavaria Yachts, a manufacturer of entry-level yachts, the Intermarine 55 is a move into the upper segment of the yacht market for the consultancy. "Intermarine is a famous connoisseur brand with a rich history, and to evolve its design forward with the Intermarine 55 is an honor," said Laurenz Schaffer, President of BMW Group DesignworksUSA.