Vintage Taylor Instrument Companies Taylor Navigator Compass on 2040-parts.com

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.

125th Anniversary of the Automobile: Karl Benz and Gottlieb Daimler put the world on wheels

The world will mark the 125th anniversary of the invention of the automobile on Jan. 29. Karl Benz filed a patent for a three-wheeled vehicle driven by a gasoline engine in Mannheim, Germany, on that day in 1886, the same year Gottlieb Daimler completed his motorized carriage in Cannstatt, Germany.

OnStar is not for sale, new features are being explored, executive says

OnStar is not for sale, and General Motors Co. is working to fine-tune the well-known service and position it for the future, a top executive said on Tuesday. Despite the recent jettisoning of several GM brands, OnStar is safe and officials are optimistic as it prepares to expand in December with a launch in China.