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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.

Skoda Yeti rolls out

The first Skoda Yeti has rolled of the production line in the Czech Republic - Delivery in the UK starts in September The Skoda Yeti is a promising, rufty-tufty ‘SmallRoader’, based on parent company VW’s Tiguan. But the Skoda holds the promise of more for less, a trick Skoda has managed to pull off with a number of VW products. Skoda has also been out playing with the Yeti in Norway, exposing it to a wide variety of off and on-road surfaces to shake it down properly before the first customer cars are ready for delivery.

Toyota, Honda, VW soar again; Chrysler leads Detroit 3

Toyota Motor Corp., Honda Motor Co. and Volkswagen AG's VW brand continued to post robust U.S. sales increases while deliveries at General Motors and Ford Motor Co.