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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.

Audi plans range of eco-friendly vehicles, report says

The British magazine Car reports that Audi's top executives have approved plans for an entire range of environmentally friendly vehicles to be launched over the next six years. The eco-friendly lineup includes five vehicles, dubbed E1 through E5, according to the report. The range includes a small city car, dubbed the E1, that will use the platform shown with Volkswagen's Up concept but with an entirely new body design.

GM to import more Chevy Spark minicars from Korea

General Motors is increasing imports of Chevrolet Spark minicars for sale in the United States following a stronger-than-expected launch here. GM recently upped its order for Sparks from the Korea plant that produces the car, Cristi Landy, marketing director for Chevrolet small cars, told Automotive News. “We've asked for more already,” Landy said Wednesday.