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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 introduces free smartphone app for roadside service

With its new roadside-assistance tool, Audi joins the crew of carmakers creating smartphone apps. Available for iPhone, Android and some Blackberry devices, the free app connects you directly with Audi and its insurance partner, Allstate. The app sends your vehicle information to Audi Roadside Services, allows you to select the type of service you require and communicates your location using your phone's GPS.

Toyota Prius headlamp troubles could dim brand's reputation

Amid the launch of the third-generation Prius hybrid, Toyota Motor Corp. is taking a beating online and in court by owners who charge that some older models of the popular car have faulty headlights that can cost more than $1,000 to replace. Owners have complained to federal safety officials and in online chats that Prius' upgraded optional lights, known as high-intensity discharge headlamps, have a tendency to fail.