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Chrysler-Fiat deal would spawn new look for U.S. automaker

As Chrysler LLC negotiates an alliance with Fiat S.p.A. that would satisfy the Obama administration, sources say the companies are discussing a revised ownership structure, a new board and possibly a different management team for Chrysler. Among the options being discussed is a direct role in Chrysler's operations for Fiat CEO Sergio Marchionne--possibly even the chief executive's job.

What's New - July 2005

Volvo C70 Volvo has released pictures of the second-generation C70, to be launched in September at the Frankfurt Motorshow. The new C70 seats four with a two-faced three-stage folding hardtop meaning there will be just one body style: rivals Mercedes CLK and SAAB 9-3 must wait until the next generation before they can claim the same. Designed as a coupe from the outset, the C70 answers the perennial cabriolet problem with an elegant profile, roof up or down.

McLaren lock out front row in Australian F1 Grand Prix qualifying

Lewis Hamilton is on pole with Jenson Button alongside for the 2012 Australian F1 Grand Prix Lewis Hamilton is on pole with Jenson Button alongside for the 2012 Australian F1 Grand Prix after qualifying in Melbourne. Most of the pit lane thought McLaren had got it wrong with their new nose – a sleek nose instead of the stepped one almost all the rest of the field have this year – but as far as the opening qualifying of the 2012 F1 circus they seem to have got it just right. Hamilton set a stunning lap to open final qualifying, with Jenson Button managing to almost match his team mate with a lap just 0.152 seconds behind to make the front row a McLaren lock-out.