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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.

Second Fisker Karma fire under investigation

Investigators hired by Fisker Automotive are looking into a Fisker Karma plug-in hybrid sedan that caught fire on Aug. 11 in a suburb outside San Jose, Calif. This is the second instance of a fire involving a Karma in the last three months.

Bentley Continental GT3-R (2014) first official pics

By Damion Smy First Official Pictures 17 June 2014 12:00 The Bentley Continental GT3-R is the fastest accelerating Bentley ever built. It’s a road-gong version of the car that stormed to victory at Silverstone last month, the Continental GT3, and ticks off 0-62mph in 3.8sec: this is some grand tourer The 4.0-litre twin-turbo V8 that’s just been introduced into the Flying Spur saloon has been wound up to a heady 572bhp, with a stonking 516lb ft combining to make this svelte coupe the fastest accelerating Bentley production car ever built, and a whopping 0.8sec better than the V8 S model. The GT3-R is not the fastest Bentley, though, with its top-end only 170mph (virtually walking pace, really), but the eight-speed ZF gearbox and final drive have been tuned to make this car a corner carver, as opposed to a top-end tourer.