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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.

Bernie Ecclestone's daughter buys pricey house in Los Angeles

After nearly three years, Candy Spelling has finally found a buyer for her Los Angeles mansion (which some would call a castle)--the daughter of Formula One commercial boss Bernie Ecclestone. Petra Ecclestone, 22, will be the new owner of the 57,000-square-foot home in Holmby Hills, according to the Wall Street Journal. Spelling was asking $150 million for the joint, which puts it among the most expensive homes in the country, according to the newspaper.

Audi Q3: Official

Audi Q3 – finally official Ahead of its official reveal at Shanghai this month, the baby SUV that is the Audi Q3 has bowed in, with plenty of detail and lots of photos. Looking exactly how it was expected to look – pretty much the same as the 2007 Audi Cross Coupe Concept , without the Concepty bits – and ready to fit in under the Q5 and mop up sales from those who want a premium, compact softroader. Under the skin the Audi Q3 is pure VW Tiguan, but Audi has grafted on a convincing set of sheet metal – and a typical, classy Audi interior – to put proper daylight between the cousins.