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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.

Hyundai to reveal Blue-Will plug-in hybrid at Seoul show

By Chris Chilton First Official Pictures 25 March 2009 14:15 Hyundai will reveal the Blue-Will, a dramatically-styled plug-in hybrid coupe, at the 2009 Seoul Motor Show that employs state-of-the-art lithium ion polymer batteries. The Blue-Will concept is powered by a direct injection 1.6-litre petrol mated to a CVT transmission. A battery pack mounted together with the fuel tank under the rear sat ensures cabin and luggage space doesn’t suffer and clever solar cells mounted in the glass roof panel generate power for the battery but don’t limit visibility through the glass pane Although the swoopy bodywork with its mixture of smooth curves and sharp intersecting hint at a future design direction for Hyundai, there are no plans to put the Blue-Will into production.

2010 Devon GTX shown at Pebble Beach concours

The 2010 Devon GTX, a 650-hp supercar from California design house Devon Motorworks, was shown Saturday at the Pebble Beach Concours d'Elegance. The speed demon will cost $500,000 and go on sale in the first quarter of next year. Just 36 cars will be produced per year by the company.