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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.

Bentley Continental GT3-R (2014) first official pics

By Damion Smy First Official Pictures 17 June 2014 12:00 The Bentley Continental GT3-R is the fastest accelerating Bentley ever built. It’s a road-gong version of the car that stormed to victory at Silverstone last month, the Continental GT3, and ticks off 0-62mph in 3.8sec: this is some grand tourer The 4.0-litre twin-turbo V8 that’s just been introduced into the Flying Spur saloon has been wound up to a heady 572bhp, with a stonking 516lb ft combining to make this svelte coupe the fastest accelerating Bentley production car ever built, and a whopping 0.8sec better than the V8 S model. The GT3-R is not the fastest Bentley, though, with its top-end only 170mph (virtually walking pace, really), but the eight-speed ZF gearbox and final drive have been tuned to make this car a corner carver, as opposed to a top-end tourer.

Ferrari black: Prancing Horse turns a profit in first quarter

Ferrari racers have always worn red. But black has been the standard-bearer for the company so far this year, as the Prancing Horse turned a $72 million trading profit in the first quarter. Making money amid the global economic crisis is no small feat--and Ferrari posted the gain despite a slip in sales and revenue.