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Chrysler, Nissan and GM lead industry to 8 percent gain

UPDATED--Chrysler Group, Nissan North America and General Motors led the industry to an 8 percent U.S. sales gain in August. The seasonally adjusted sales rate slipped to 12.13 million from July's 12.24 million as a stagnant economy, last week's U.S.

Fiat makes bid to buy Opel

The proposed partnership between Fiat and Chrysler has been thrown into a tailspin with revelations that the Italian carmaker has made a secret offer to purchase a majority stake in Opel. Klaus Franz, chairman of Opel's works council, on Thursday confirmed Fiat's interest in a takeover of General Motors' European subsidiary, suggesting that officials have cleared the way for the signing of a letter of intent as early as April 28. Opel has been in talks with parts supplier Magna International on a possible partnership over the past month.

Smart Fortwo Lightshine launches

Yet another Smart Limited Edition - the Smart Fortwo Lightshine You have to hand it to Mercedes – they don’t give up on Smart (or Maybach – another expensive departure). They keep churning out new cars (well, endless new limited editions, anyway) despite sales that seem to keep falling. Last year (2010) saw Smart sales in the UK fall by 8.5% and their sales last month (December 2010) were a woeful 57% down on December 2009.