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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.

Mercury lives--on the auction circuit

James Dean famously drove one in Rebel Without a Cause, and perhaps Mercurys have never been cooler. That was more than 50 years ago and the brand is now on the verge of extinction. But as Plymouth, Pontiac and even Edsel have shown, some brands have legs that stretch long after new cars are gone from dealerships.

Concept Car of the Week: Vauxhall VX Lightning

Both Ford and Vauxhall celebrated their 100-year anniversaries in 2003, but despite much of the attention being focused on the American giant, GM's UK subsidiary unveiling its own birthday present: the VX Lightning. Revealed at the Dorchester Hotel in London in May, the Vauxhall Lightning concept was a joint project between the GM North America (GMNA) Advanced Design Studio in England and the Opel/Vauxhall Design Center in Rüsslesheim, Germany. The Vauxhall ‘V' brand motif is a recurring theme throughout the car, despite the company's relative lack of global recognition.