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UAW, Fiat likely to hold key stakes in new Chrysler

The UAW and Italy's Fiat S.p.A. could be Chrysler LLC's leading shareholders if the struggling U.S. automaker wins the concessions requested by President Barack Obama's automotive task force by April 30, a source close to negotiations told Automotive News today.

European Car of the Year shortlist 2010

The shortlist of entries for the 2010 European Car of the Year award were announced today. No doubt bound to cause controversy with our readers, the cars which made it onto this year’s seven-strong shortlist are: • Citroën C3 Picasso• Mercedes-Benz E-class• Opel/Vauxhall Astra• Peugeot 3008• Skoda Yeti• Toyota iQ• Volkswagen Polo Chosen by automotive journalists from all over Europe, the competition will come to a close at the end of the year when an all-out winner is announced. Vauxhall took top honours in 2009's contest, with its Insignia stealing top spot from Ford’s new Fiesta by a single point.

U.K. firm plans modern Jensen Interceptor

CPP, a British specialist automotive group co-owned by Russian businessman Vladimir Antonov, said it will build a modern version of the iconic Jensen Interceptor grand tourer, starting in 2014. Healey Sports Cars Switzerland, which owns the Jensen brand, has appointed CPP to engineer, develop and build the car, CPP said on Tuesday. CPP will build the Interceptor in a new factory on the site of the former Jaguar Browns Lane plant in Coventry, England.