Umi Performance Rear Adjustable Lower Control Arm 1015-b on 2040-parts.com

Fisker goes to China's Wanxiang

China's Wanxiang Group won an auction for Fisker Automotive Holdings Inc., the maker of luxury plug-in hybrid cars, with a $149.2 million bid, almost six times what Fisker was seeking when it filed for bankruptcy. Wanxiang topped Hybrid Tech Holdings during the auction, which began on Wednesday and went through 19 rounds of bidding, with an offer that includes $126.2 million in cash and $8 million in assumed liabilities, Fisker said Friday in a statement. U.S.

Robert Kidder, former Duracell chief, to head new Chrysler as chairman

Business consultant Robert Kidder is set to become the new chairman of Chrysler Group when it emerges from bankruptcy. Kidder, 64, will replace Bob Nardelli, who was hired in 2007 after Daimler sold Chrysler to private equity group Cerberus. A new board of directors, to be formed after bankruptcy, will hire a new CEO for Chrysler.

Concept Car of the Week: Fiat Scia (1993)

After a successful design competition between famous Italian design houses to rework the little Cinquecento, Fiat renewed the experience two years later by giving to nine of them – including Fiat's in-house studio – a new Fiat Punto as a base to let their creative juices flow. The results ranged from being simply forgettable (Zagato Monomille), ridiculously daft (Boneschi Doblone) or just plain ugly (Giannini Punto 4x4 TL), but one of the concepts stood out from the flock for being brilliantly bold. This was the Fiat Scia, presented to the public at the 1993 Turin Auto Show.