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Fiat buys remaining stake in Chrysler (2014)
Fri, 03 Jan 2014By 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.
Mercedes start the tease for the 2014 S63 AMG
Tue, 16 Jul 2013Mercedes are teasing the arrival of the new S63 AMG (pictured) The 2014 Mercedes S Class has already made its debut, at least in ‘standard’ guise, but there’s a lot more to come. There’s the S-Class Coupe – which will replace the current CL – and there’s the new S-Class Pullman – which will replace the Maybach. But the next instalment for the new S-Class will be the performance S63 AMG, which we’re expecting to arrive at Frankfurt in a couple of months, and ahead of that Mercedes is starting to tease its arrival.
Innovative ways to finance a Supercar
Thu, 20 Mar 2014Ferrari 458 Spider – buy now, pay later. Those of us who can’t actually afford a Ferrari or Lamborghini, or any of the £200k (and more) supercars that stir our souls, tend to think buyers of such cars just flash the Amex Black and it’s job done. But that’s a long way from the truth.