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Fiat gets approval to purchase Bertone coachbuilding business

Fiat S.p.A.'s bid for Carrozzeria Bertone S.p.A. was approved Thursday by the Italian government. Fiat will invest $215.9 million (150 million euros) over three years in the struggling contract manufacturer that has produced models ranging from the Lamborghini Miura to the Volkswagen Polo during its 96 years in business.

Detroit auto show: Ford Mustang Boss 302R breaks cover

Some 40 years after Parnelli Jones drove a Bud Moore-built Boss 302 Mustang to the Trans-Am championship, Ford Racing has unleashed a new Boss 302R. The new Boss is an off-road-only Mustang that comes from the factory race-ready. Each of the limited-to-50 cars will come fitted with a 5.0-liter four-valve V8 and six-speed manual transmission.

Rear-drive revelers: Spring Fest draws LX devotees to California love-in

Long before Eminem boosted the image of Detroit and the Chrysler 200, Fatchance was getting the West Coast party started for Chrysler's rear-drive LX cars. Fatchance is the Internet handle of John Fortuno, a man who--like many others we met at the Sixth Annual Spring Fest for LX owners--claims his car, a 2005 Chrysler 300C, changed his life. It introduced him to www.LXforums.com, a worldwide virtual car club that has more than 38,000 members dedicated to the Chrysler LX rear-drive platform used by the Chrysler 300 and the Dodge Charger, Challenger and Magnum.