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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.

Petersen museum executive director to retire

The executive director of the Petersen Automotive Museum is retiring after a 12-year-run at the helm of one of the nation's preeminent car collections. Richard Messer is stepping down to concentrate on other business interests. He will be replaced by Buddy Pepp on June 15.

CDN-GM Interactive Design Competition - interior phase finalists announced

July 19 saw the CDN-GM competition judging and mentoring teams meet at GM's world HQ in Warren, Michigan, to cast judgment over the 99 entries to the interior phase of the competition. The competition asked design students to develop concepts in response to briefs set by each of GM's four brands – Chevrolet, Cadillac, GMC and Buick. The judges nominated three finalists for each brand, who will be invited to attend the 2012 NAIAS in Detroit.