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Fiat takes majority control of Chrysler
Fri, 03 Jun 2011Fiat S.p.A. will pay $500 million for the U.S. government's 6 percent stake in Chrysler Group.
Porsche 911: the new 2009 model
Fri, 06 Jun 2008By Tim Pollard First Official Pictures 06 June 2008 08:00 The great survivor of the sports car world – the Porsche 911 – has evolved again. Porsche today unveils the latest in a long line of 911s and the new one heralds the arrival of Porsche’s new twin-clutch transmission (dubbed PDK) and direct-injection. Amazingly, it makes the coupe nearly as fuel efficient as a family car, nudging 30mpg. Porsche 911: the 2009 model year There’s no new model designation this time: it remains a 997 at heart and Porsche calls the latest 911 a ‘second-generation 997’, despite a raft of technical changes under the same-again skin.
Peugeot Citroen to buy Mitsubishi
Sat, 05 Dec 2009It's being reported that PSA (Peugeot Citroen) are to take control of Mitsubishi Car makers have been fighting hard to survive in the last year or so as the landscape for their products goes through the biggest sea change ever. Fiat boss Sergio Marchionne was quoted as saying that if car makers didn’t rationalise and merge then they would go under. He sees a car making landscape with a handful of huge car makers and a plethora of very small ones – nothing in between.