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Chrysler bankruptcy filing said to be part of plan to seal Fiat deal

Chrysler LLC and Fiat S.p.A. are prepared to complete an alliance by Thursday that would be taken into bankruptcy court as a key element of the U.S. automaker's restructuring plan if needed, a person with direct knowledge of the situation said.

Charity Drag Race Redefines The Meaning Of Fast

TAKE one airport runway and a Formula One car and it’s not hard to work out what happens next. In the case of the annual Race the Runway event held at Edinburgh airport, driving flat out in a Formula One car produced some interesting numbers. Run by and benefiting the Prince and Princes of Wales Hospice in Glasgow, event invites owners of high performance cars – not just Formula One machines – to participate in a series of drag races in return for a donation to the Hospice.

Kia opens new Design Center America

Kia Motors has opened its new Design Center America, located adjacent to the new US corporate headquarters in Irvine, California, about 40 miles southeast of Los Angeles. The opening ceremony of the new US 21.8-acre Kia Corporate campus was held on June 24 and was presided by Byung Mo Ahn, group president and CEO of Kia Motors America and Kia Motors Manufacturing Georgia. He was joined at the ceremony by both local and state representatives, as well as members of the media and guests.